Growing Cannabis Industry Turns to MSPs to Handle IT and Security Needs

MSP TODAY NEWS

Growing Cannabis Industry Turns to MSPs to Handle IT and Security Needs

By Laura Stotler

Cannabis is big business these days, with New Jersey, New York, Virginia and New Mexico passing legislation to legalize recreational use of marijuana in 2021. Several additional states are debating legalization, while others have legalized cannabis for medical use. The market is expected to reach $66.3 billion by the end of 2025, making it one of the fastest growing industries in the U.S.

Legalized cannabis and technology go hand in hand, with new business owners embracing tech for their finances, sales, cybersecurity and even physical security. The trend has bumped up demand for managed service providers (MSPs) to manage and maintain IT infrastructure for this fast-growing niche of businesses.

Most new cannabis businesses do not have IT professionals on staff, making MSPs an attractive and affordable option. Digital solutions like cannabis CRMs and an increased reliance on IT and the cloud are driving demand for experienced technology professionals in the space.

Cannabis businesses are also grappling with issues like cybersecurity, regulatory compliance and physical surveillance needs. As dispensaries and growing locations multiply, they become increasingly vulnerable to burglary, robbery and cyber attacks.

MSPs offer a variety of services beneficial to this growing strain of businesses, including physical security measures like cameras, key cards and surveillance systems. They also focus on cybersecurity measures, including regular monitoring and maintenance of IT systems. Specific technology measures include security risk assessments, system hardening, data loss prevention, dark web monitoring and software and hardware updates.

MSPs can also offer valuable support in compliance with HIPAA and other regulatory mandates. Services may include advanced user authentication, encryption of data both at rest and in motion and intrusion detection and preventi


Edited by Luke Bellos

MSPToday Contributing Editor

SHARE THIS ARTICLE
Related Articles

Top Customer Services Trends in The MSP Business 2021

By: Special Guest    6/21/2021

The MSP trends expected to shape 2021 reflect the interweaving between maturing technologies and emerging developments. As a result, managed service p…

Read More

As MSPs Grow in Popularity, The Enterprise Counts on Experts to Support Digital Transformation

By: Special Guest    6/21/2021

With many businesses across various industries constantly growing, it can be challenging to oversee and successfully manage every facet of a company. …

Read More

Crexendo Finalizes Merger With NetSapiens

By: Luke Bellos    6/21/2021

UCaaS provider Crexendo has announced the company has officially closed a pending merger with NetSapiens.

Read More

Wipro Teams with Oracle for Zero Cost Transformation

By: Stefania Viscusi    6/18/2021

Businesses looking to improve efficiencies and cut costs at their operations can now benefit from an offering just announced by Wipro Limited.

Read More

FinOps By Pythian Offers New Level of Cloud Cost Control

By: Luke Bellos    6/17/2021

Pythian has announced the release of FinOps, a new solution offering designed to bring better financial visibility and control over cloud costs.

Read More