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The Ohio Cannabis Industry
At International Vault, we have a variety of customers we cater to across the United States, as well as Internationally. One of the most frequent reasons why people search for a Vault is when they need to store and protect goods or high value assets for a business or residence. International Vault caters to businesses and individuals seeking a modular vault for protection of assets from burglary. The Ohio Cannabis Industry fits this mold. Canna-businesses across the state have been seeking burglary resistant, DEA compliant, Cannabis storage for their facilities. From cultivation to retail, International Vault has a product ideal for your needs.
Medical Legalization
Medical Marijuana was legalized in the state of Ohio on June 8th, 2016. This was the 25th state to allow the legalization of Medical Marijuana. This legalization also offers a nice payday for the state of
Ohio, as the state tax goes directly to the state general fund. There is currently a 5.75% sales tax on the purchase of medical cannabis, allowing for the tax to go back to the state.
There is a list of medical reasons that qualify patients for a Medical Cannabis license including, but not limited to Lupus, Cancer, brain injuries, chronic pain, arthritis, Parkinson’s, and Alzheimer’s. This is significant as not all individuals in the state of Ohio will qualify as a Medical Cannabis patient. There are currently 130 cannabis dispensaries in the state of Ohio. Initially, the Ohio State Board of Pharmacy, which regulates the dispensaries, set the limit to 57 total locations. This number was modified to 130 to fulfill the increasing demand for medical Cannabis in Ohio, as the list of approved conditions that qualify for cannabis treatment is growing. With the number of dispensaries anticipated to double in the next year, the Ohio Medical Cannabis market is incredibly competitive. Ensuring your business is compliant with all state and federal regulations is critical to the viability and success of your company.
State Requirements
The state requirements in Ohio for Cannabis are only for the legalization of Medical Marijuana, meaning cannabis cannot be purchased for recreational use. The Ohio State Pharmacy Board makes the decisions in regard to how many dispensaries can be opened, as well as the security required for protection of products and inventory. Each dispensary in Ohio requires that a functional secure storage vault be installed for the the safe-keeping of cannabis product and inventory.
According to Rule 3796:6-3-16 B8, businesses must keep their vault “Securely locked and protected from unauthorized entry. The Vault shall have dual authentication or biometric access with a unique code for each employee. A safe exclusively used for storage of currency, with separate access controls, shall be maintained in the product vault”. International Vault offers modular vault systems compliant with the DEA, as well as the above requirements.
Federal Requirements
Federally, Cannabis is listed as a schedule I drug and is still deemed federally illegal. Individual states have legalized the use of marijuana, both for medical and recreational use, depending on the state. CFR SEC 1301.72 details the security requirements for the secure storage of controlled substances, monitored and enforced by the DEA. These parameters regulate the security measures for the manufacturing, distribution, and dispensing of such controlled substances. Federal storage requirements for cannabis run in parallel with the stringent Ohio state requirements. Considering Ohio’s state regulations mirror federal DEA storage requirements, your business will be ready and equipped for either state or federal inspections if you opt to install an International Vault system.
How Can International Vault Help?
Here at International Vault, we work alongside your team to provide Federal and State approved secure storage solutions. Our products meet UL and GSA-rated standards, the basis of design for the CFR 1301.72 specification for secure storage of controlled substances. We offer a variety of design flexibility, as our vault systems are modular and customizable. Our modular vaults provide you with the flexibility you will need as a business owner. Modular Vaults allow you to expand and relocate your Vault in the event you may need additional storage space, or intend to move locations. Modular vault solutions for the Cannabis industry will include a GSA 5-V Vault Door, and can be equipped with port vent panels to ventilate the interior of your vault.
International Vault’s modular vault systems are burglary resistant, tested to the highest possible standards. Not only are you exceeding the State and Federal requirements for Cannabis storage by installing one of our systems, you are protecting high-value inventory, employees and the viability of your business!
Contact Us
If you are looking to open a Cannabis Dispensary in Ohio, or are looking to outfit a dispensary with compliant secure storage and are unsure where to start, call us today to help you navigate your choices and make the best ones for your business! From design development to installation, International Vault is the premier choice for Modular Security Vault and Wire Mesh Cages. To learn more about our Vault systems, call today to schedule a client consultation, 833-311-3132 or visit our easy-to-use contact form.
