One of the leading companies in insurance, Lockton Companies, interviewed our CEO, William Cousins about security measures for a cannabis facility. The following is a reproduction of that interview from Lockton’s Cannabis Advisory Newsletter.
THIS MONTH’S FEATURE: BILL COUSINS, CEO OF WJ COUSINS & ASSOCIATES
With over 35 years of experience in law enforcement and security, Bill Cousins is a subject matter expert in security consulting, risk management and civil litigation suits. His firm, WJ Cousins & Associates LLC, is a trusted advisor for security and risk mitigation matters in the cannabis industry. Visit them at wjcousinsandassociates.com.
Q: The security measures for my cannabis facility have been inspected and approved by the Marijuana Regulatory Agency. Is my facility considered safe?
A: The short answer is no. Just because you meet the minimum physical security requirements with video surveillance, alarms and access control doesn’t mean your facility safe. You need to have a crisis management plan which includes standard operating procedures for security-related incidents. For example, it should contain step-by-step instructions for adverse events such as armed robbery, workplace violence incidents, and sexual harassment, just to name a few. Your employees need to receive training, so they know how to react and handle such incidents. Failure to have these plans and training not only place your employees and customers at risk, but it also places your entire business enterprise at risk.
Q: I keep hearing about “risk.” How do I mitigate my overall business risk?
A: In order to take your enterprise to the next level, you need to appoint a qualified employee to act as your Risk/ Compliance Officer. Then that officer needs to develop
an overall cannabis risk management framework. This framework is used as a formal plan to identify, analyze and influence potential risk opportunities. It should contain the following six components:
• Internal control environment
• Risk assessment
• Control activities
• Information and communication
[ Click here to download the original PDF for the interview. For more information about Lockton Companies, click here. ].
WJ Cousins and Associates founder, William Cousins, has over 35 years in the security industry—22 years of that spent as a US Secret Service agent. He and WJCA can be of service in these kinds of situations. For more information about WJ Cousins and Associates or our services—security policies, procedures, and crisis management plans—contact them or call them at 248.783.7190 to discuss your security needs.