Case Study: Sapphire Risk Advisory Group helps cannabis retailers reduce shrink and manage risk with Cova

Sapphire Risk Advisory Group helps cannabis retailers manage up to 90% of internal theft risk with Cova

Sapphire Risk Advisory Group, a trusted security consultancy and Cova partner, faced the industry-wide challenge of helping cannabis retailers combat high-value inventory shrinkage, a critical issue that leads to significant profit loss and severe regulatory compliance risks. This persistent threat, often driven by internal theft and operational errors, jeopardizes both revenue and a dispensary's operating license.

Cova provided a comprehensive solution through its built-for-cannabis retail software, which integrates robust point-of-sale and inventory control systems. The platform enables real-time tracking, automated variance alerts, and detailed shrinkage reporting to prevent loss. By partnering with Cova, Sapphire Risk Advisory Group can offer clients a powerful technological foundation, resulting in improved inventory accuracy, reduced risk of fraud, and enhanced profitability for dispensaries.

Sapphire Risk Advisory Group