by Zach Weissmueller [slightly redacted by AB] February 18, 2015
Thanks to recreational legalization in Colorado and Washington, the US marijuana industry exploded from $1.5 billion to $2.7 billion in one year. But now, businesses making hundreds of thousands or even millions of dollars a week are facing a serious problem: There’s nowhere to stash all the money…
That’s where companies like Blue Line Protection Group enter. Launched shortly after Colorado and Washington voted to legalize recreational marijuana, Blue Line provides what they call a “suite of services” to dispensary owners: help with navigating the maze of state, local, and federal regulations, protection and delivery of the weed, protection of the massive piles of cash, and delivery of said cash for payment to appropriate government agencies. That’s right, they deliver piles of (federally) illegal drug money directly to the IRS and watch as the agents count it.
“We go so far as to even return the receipts back to our customers,” says Ricky Bennett, vice president of operations at Blue Line.