NEW YORK (MainStreet) A former project manager who handled security for iHop, Chipotle, Pizza Hut and Dunkin' Donuts nationally now owns Canna Security America (CSA), a $4.2 million company that installs alarms, camera systems and other security equipment to marijuana dispensaries and growing facilities across the country.
"The majority of our clients are trying to protect their crop," said Dan Williams, founder of CSA.
"Every state regulates and mandates that dispensaries have security systems," Williams said. "That's were CSA comes in. We keep track of each state's regulations and we wrote the security regulations for Colorado."
When theft occurs at a grow facility or pot dispensary, 90% of the time it's an inside job, according to Williams.
"That's probably true but we don't have that problem," said Drew Keller, who uses CSA's services at his dispensary and grow facilities in Colorado. "We track it too hard. It'd be tough to steal without us knowing. We weigh it eight times before it gets to the store and then it's already broken down and prepackaged."
Both Williams and Keller attended the ArcView Investor Network in Boston last week. Williams was in search of money to complete series A financing that will fund the launch of his Cloverton Group to incorporate armed guards, transportation vehicles and bullet proof windows.
"We want to expand into newly legalized states as well as offer packages to our clients so that we can finance updated security systems for them," Williams told MainStreet. "We've had several offers to go public but we aren't doing so at this time."