Why mainstream businesses are high on the cannabis industry:
. Although many mainstream companies are sitting on the sidelines—especially those in banking and payment methods like Visa, MasterCard, Square, Shopify—others see a burgeoning market that needs help now.
“We’re seeing opportunity here,” says Cepero. “Little by little, it’s growing; more people are coming to us.” “There could be an impact, especially when it’s federally regulated, but people need to understand that this industry was built on cash and a lot of people don’t realize that millions of Americans don’t qualify for credit, so cash is the only thing they can use,” says Cepero., one of the most storied brands in the U.S. started in 1853 when a Bavarian immigrant named Levi Strauss started a dry goods wholesaling business in San Francisco, selling supplies to miners during the California Gold Rush.
Miami-based Worldwide Safe & Vault’s bread-and-butter clients include luxury products and jewelry companies like Tiffany & Co., Cartier and Louis Vuitton.But seven years ago, Hirsch started getting requests from cannabis cultivators who were looking for high-composite burglary- and fire-resistant safes in which to stash weed and cash.
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