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New wave of California dispensary robberies threaten survival of businesses

A spate of violent robberies targeting marijuana businesses in the San Francisco Bay Area last month have thrown into question the survival of several small businesses, with the combined losses of those operators estimated to be at least $5 million.

The crimes ranged from break-ins that resulted in minor damage to, in some instances, wild gunfights between criminals and security guards, according to media reports and sources.

At least one person was shot, and a scandal has emerged over San Francisco police officers apparently looking on while burglars made off with cannabis products from a store they’d broken into.

The prime takeaway from the most recent rash of thefts and vandalizations, insiders said, is the fragility of the companies targeted and the fact that they’re targeted with disturbing regularity by criminals looking to make an easy buck.

“Cannabis businesses are being robbed year-round, but no one is talking about it,” said Tucky Blunt, the owner of Oakland cannabis shop Blunts and Moore, which was one of the businesses hit last month.

“I was safer, and had more money, (selling) on the street, illegally.”

Blunt said his shop fared much better than 1½ years ago during the nationwide protests that followed the death of George Floyd. Then, Blunt’s business was ransacked for hours, and he lost around $700,000.

Blunt said the 2020 attack resulted in a “total loss.” But this time his shop only suffered relatively minor damage that’ll cost perhaps $25,000 to fix.

To Read The Rest Of This Article By John Schroyer on MJBiz Daily

Published: December 03, 2021

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