With cannabis poised to take its place as one of the most heavily regulated industries in the world, compliance is and will increasingly be the name of the game for marijuana companies.
So how are cannabis businesses faring in this area?
In Colorado – home to the nation’s largest recreational industry and second-biggest medical cannabis market – the most common regulatory compliance infractions are related to physical inspections and security of business premises, according to Marijuana Business Daily.
Many infractions are tied to physical inspections, with a top issue being a failure to achieve adequate visual coverage with surveillance cameras.
Other top challenges in this area pertain to maintaining adequate logs of access to the surveillance system and securely storing recordings.
Another common area of non-compliance relates to requirements for specific license types, such as cultivator, infused product maker and dispensary/store – where top challenges are things like keeping standard operating procedures up to date and maintaining pesticide application logs.
Non-compliance with requirements related to inventory and financial data and records are also a common infraction.
One of the fastest-growing areas of non-compliance is related to labeling, packaging and product safety, including the size and conspicuousness of required labeling, and the absence of required statements on labels and packaging. Many dispensaries and retail stores audited haves had non-compliance in these areas.
For more information on cannabis business regulatory compliance and audits, contact CannaScore at: www.canna-score.com