Blue Line Protection Group Advances Plans for Nevada Cash Vaulting Operations for the Legal Cannabis Industry
March 08, 2018 at 08:00 am EST
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Blue Line Protection Group, Inc. continues to advance its plans for deploying cash vaulting and compliance investigations services in Nevada to serve the needs of the legal cannabis industry. On February 28, Blue Line Protection Group executives met with members of the Nevada Dispensary Association to discuss the needs of the legal cannabis industry and the challenges it faces with procuring cash vaulting and processing services. Blue Line plans to provide secure vaulting services for cannabis clients, as well as cash validation and investigations services to help ease the transition to full banking services for its cash vaulting clients as financial institutions begin serving the industry. The new facility will implement “Hypur Vault” cash management technologies, providing cash custody management tools that allow financial institutions and businesses to schedule cash deposit pickups and withdrawal deliveries. It also features a real-time ledger to track account balances and individual currency denominations and provides delivery verification of funds once they have reached their destination.
Blue Line Protection Group, Inc. provides armed protection and transportation, currency processing and training, and compliance services for businesses engaged in the legal cannabis industry. The Company provides logistics, and compliance services for businesses engaged in the legal cannabis industry. The Company offers asset logistic services, such as armed transportation service, including shipment protection, money escorts, asset vaulting, financial services, such as handling transportation and storage of currency; training; and compliance services. It offers a fully integrated approach to managing the movement of cannabis and cash from growers through dispensaries via armed and armored transport, currency processing, vaulting and related credit. It supplies asset protection via armored transportation and currency processing services to licensees in Colorado, Arizona, Nevada, and New Mexico, out of its two business locations.