Cannabis stakeholders want cash out of the equation amid rash of robberies

With a rash of armed robberies among cash-only cannabis dispensaries across the state, state regulators and local stakeholders are looking to Congress to pass legislation that would allow the businesses to use federally-backed banks and to make non-cash transactions.

On March 29, the Washington State Liquor and Cannabis Board held a roundtable meeting with cannabis retailers, industry advocates and state leaders to discuss the dangerous state of the industry and ways it could be supported by policy changes.

LCB Board Chair David Postman said there had been over 70 armed robberies at cannabis dispensaries all over the state that had occurred in a period of less than 90 days.

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