Seeking Cannabis Security Help? Key Questions to Ask About Cash Transport Services

When Choosing a Company to Move Your Marijuana Money, Diligence Is the Order of the Day
Because marijuana remains illegal at the federal level, and so many aspects of banking involve federal regulation, many banks simply refuse to open business accounts, or set up electronic payment systems for cannabis-related businesses.
f

So cash gets carried from one location to another the old-fashioned way. It’s not uncommon for a dispensary manager to drive many miles from north Denver to south Pueblo with $300,000 in the car. And there is nothing more dangerous in the cannabis industry than that type of activity.

In my time in the military, we would talk about OpSec, or Operational Security, for a mission.

In the cannabis cash world, OpSec boils down to this question: Are your employees keeping their own lips sealed about your business’ internal operations of moving cash? All it takes is one assistant manager to talk to one budtender over an after-work beer about his weekly routine, and that budtender to tell one of their friends a “crazy story” about how much cash is involved.

But hiring someone to transport your money for you has its own dangers. Obviously, a company doesn’t want to hire someone who runs off to Mexico with $500,000 in cash.

When talking with an outside company about cash-handling security, it comes down to setting up solid policy and procedures around how to take ownership of the cash, how it will be reported and tracked as it moves, and concerns like how to deal with any variances. For what we do at Iron Protection Group, our model for professional and secure transport is heavily focused on operational planning, and it’s done up front. The last step we come to is someone actually showing up to move cash.

So what security measures can you take when making the decision of whom to hire to protect your money when it’s in transit?

You have to do your own due diligence. Here’s a checklist:

  • Is the company you are considering licensed and insured? Did you actually verify those two things, or accept their word for it?
  • Are they professionals? Are they discreet, or are they driving around in a truck with a cannabis leaf on the side of it?
  • What are their recruiting procedures? How do they vet potential employees, and what are they paying them?
  • Will you be seeing the same person week after week? Or does the company fail to designate an employee you’ll be working with because they have a high rate of turnover?

Our discreet, military-trained employees at IPG are the most well prepared in the business, with a checklist of their own that they go through every single time they transport cash, down to checking tail lights of their vehicle. There is no complacency. The Standard Operating Procedure behind what we do when we transport cash is quite similar to a convoy moving in Afghanistan. At IPG, we work under guidelines created by experienced, intelligent people who were in the military, who have for a long time studied and carried out the best ways to keep precious cargo of all kinds safe.

The employees moving cash for IPG are vital to our business. I have to trust them personally, and my clients build trusted relationships with them as well—they want to see the same person each week.

Security demands a lot of contact and trust with clients. At Iron Protection Group, we pride ourselves on building plenty of both to provide optimal customer service.

If you would like to set up a conversation to learn about how IPG delivers the highest level of security in the business, drop us a line here, or give us a call. Colorado office: 303-759-1300;  California: 916-242-0048.

Blaine

Sales Manager

  • Blaine@IronProtectionGroup.org
  • 303.919.4576

There is no denying that Blaine loves the State of Colorado. He once left however his heart lead him back and he is now living in the state for good. And, we are so happy he did, as he is a great asset to Iron Protection Group as our Sales Executive.

Blaine’s professional experiences has been primarily based in technology sales, dealing with both public and private sectors. Since returning to Colorado, Blaine used his experience to be an avid advocate of the cannabis industry and has great respect for the hard working professionals that are raising the bar in the industry. Currently, Blaine’s focused on creating and leveraging successful relationships to drive growth and provide a positive experience for IPG’s clients.

When Blaine is not networking and taking care of IPG’s clients, you will find him enjoying his friends and family, skiing, practicing yoga and hanging out in Colorado’s beautiful backcountry. Also, don’t be surprised if you happen to see Blaine in Downtown Denver on any given Saturday morning leading Walking History Tours.

Tim Troxwell

Division Operations Manager | California

  • TimTroxwell@IronProtectionGroup.org
  • 916.242.0048

Tim joined the Marine Corps in 2008. He served as a Military Police Officer in garrison at Marine Corps Base Quantico and Camp Lejeune. While serving, Tim filled the billets of gate sentry, patrolman, tactics instructor and accident investigator. After departing the Marine Corps in 2013, he attended the Columbus Division of Police Recruit Training Program in Columbus, OH and served as a police officer with the Dublin, Ohio Division of Police. After exiting the public sector he took a district asset protection position with The Home Depot until coming aboard Iron Protection Group in 2017. 

Glenn Hardy

Director | California

  • Glenn@IronProtectionGroup.org
  • 916.936.5750
Glenn joined the United States Navy in 2004 and served as a Master-At-Arms on Naval Amphibious Base, Coronado. During his enlistment, he was tasked as an armed sentry, command investigator, prisoner transport, and force protection leader. After being honorably discharged from the Navy in 2008, Glenn entered the private security sector. He sought to build a well-rounded knowledge base in the industry and worked in many facets to include but not limited to; Personal Protection Officer for Ross Perot (PSC Security), Head of Security for a retail branch of Tiffany & Company, and regional Physical Security Program Manager for Centene Corporation. Glenn created and implemented security policies for multiple Fortune 500 companies and found an incredible opportunity with IPG. Glenn joined the organization in 2018 as the Director of Security Operations for California and executes the IPG mission and commitment to clients by marrying customer service and tailored security solutions in an unprecedented way

Shannon Hansen

Director of Strategy

  • Shannon@IronProtectionGroup.org
  • 303.759.1300

Shannon has extensive experience in the apparel retail industry, serving in various upper leadership roles during her 25 years in a corporate specialty retail environment.

During that time, she was responsible for managing operational and HR processes in multi-unit retail settings, creating business strategies to increase market share, drive profitability and increase customer satisfaction. She has participated in several accelerated leadership programs and has served on multiple filed advisory committees where she was able to leverage her analytical expertise to develop business solutions.  Her passion and focus for developing high performing teams and cultivating a customer-centric environment contributed to her many career achievements. She was nationally recognized for her commitment to brand excellence, customer engagement and producing top line results.  

Shannon has managed more than 2500 employees and upwards of $45M in revenue during her tenure in the fast paced, customer service, retail industry.

Caleb Patton

Managing Director

  • Caleb@GeneralCann.com
  • 314.399.1863
Caleb joined the United States Marine Corp in 2007 and served overseas four times, which included combat tours to both Iraq and Afghanistan. Soon after School of Infantry Caleb had his boots on ground, patrolling the streets of Ramadi, Iraq. Here, he quickly found out what it took to be a leader of Marines and ran with the responsibility and pride it gave him to bring everyone home safe on each patrol and operation. Caleb led Marines on countless patrols through the streets of Iraq to the poppy fields of Afghanistan and not until a training operation in the States did Caleb meet with tragedy. In 2014 while still in Wounded Warrior Battalion, after long talks with brothers in arms that had exited from the Marines, Iron Protection Group was born. In 2015 Caleb moved to Denver to fully immerse himself into the company. As Iron Protection Group expands into California, Caleb has taken the role of Director of IPG Colorado and continues to drive the leading cannabis security provider in the industry.