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Staying in Compliance with Cannabis Regulations

 Cannabis is one of the most strictly regulated businesses in the United States. Adherence is a heavy burden with inherent risks and severe ramifications, but help is at hand in the form of compliance professionals.


Cannabis leads the parade when it comes to controlled substances and the accompanying regulations. Marijuana is banned at the federal level; it is classified as a Schedule I drug and is illegal to use. While the states have deemed marijuana legal, only hemp is federally legal since 2018 as long as it contains than 0.3% THC. Moreover, many states have approved hemp for medicinal use while some have progressed towards permitting recreational use as well.

It follows that cannabis in all its forms is mired in a host of controlled substance regulations at the federal, state and local level. The myriad requirements are difficult to understand and even more challenging to follow. And needless to say, even the slightest of irregularities, no matter how inadvertent, can have heavy repercussions on the business!

Then again, the regulations can vary depending on the type of business – from cultivation, extraction and processing to transporting, dispensing and other ancillary engagements.


The A to Z of cannabis regulations


The story begins with acquiring a cannabis license. This is no walk in the park by a long shot. And once all the regulatory hurdles have been fulfilled and the license is in the bag, protecting it becomes another tall order. This is because any kind of failure to comply with the cannabis regulations can result in revocation of the license.

The regulatory landscape encompasses all aspects of the business. Seed-to-sale tracking is mandatory and so is reporting regularly on inventory, sales and other processes. Security is the most challenging parameter which includes video surveillance with cameras, alarms and more. Moreover, the requirements in terms of area of coverage, data storage, monitoring of employee access and documentation vary from state to state, sometimes even from province to province.

To add to this, the sands of compliance are constantly shifting with new laws and regulations being devised by the day. Careful operational planning with continual refinement in business practices is crucial for staying in regulatory alignment at all times.

Professional compliance solutions is the proactive answer to mitigating the inherent risks and safeguarding both the license and business operations. A compliance firm that specializes in CSA controlled substances – like Titan Group Cannabis Security Solutions (https://titangroupdea.com/) – will not only be familiar with the ins and outs of cannabis regulations but will also have an ear out for the most minor of developments.

Therefore, they are well-equipped to design a customized compliance program with quality control, monitoring, standard operating procedures and other initiatives that encompass all regulatory considerations and then some more. Implementation and other support for the business will be ongoing throughout the period of engagement. Not to mention training and preparation for DEA audits, inspections and the like.

Can there be a better bet for ensuring compliance?


 

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