CBx Daily Digest

Cannabis Shops Looted in May Reopen After Hundreds of Thousands in Repairs

More than two months after thieves broke into dozens of marijuana retailers nationwide during the George Floyd protests, a number of those businesses have reopened their doors after spending hundreds of thousands on reinforcing their stores.

More than two months after thieves broke into dozens of marijuana retailers nationwide during the George Floyd protests, a number of those businesses have reopened their doors after spending hundreds of thousands on reinforcing their stores.

But some stores in California remain closed.

The millions of dollars in overall losses incurred by business owners – who have had mixed success getting paid back by insurance companies – underscores the importance of security for cannabis retailers.

Several business owners told Marijuana Business Daily they believed the damages and looting that began the last weekend in May was carried out by professional criminals rather than protesters.

Afterward, retail stores sat shuttered for weeks, leading to massive sums of lost revenue while the buildings were being repaired and owners waited on state regulators to reinspect and approve the changes.

The targeted retail outlets ranged from shops owned by large multistate operators to tiny independent social equity companies in California

“Things are, by and large, back to normal,” said 4Front Ventures President Kris Krane, owner of the Mission cannabis retail store on the south side of Chicago. Mission had to reinstall security doors and repair other parts of the store that were ripped out by looters.

Read: Full Story on MJBizDaily

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