Denver – Simplifya, the leading provider of regulatory compliance software for the cannabis industry, announced today a partnership with CannGen Insurance Services, the cannabis industry’s leading insurance underwriting facility, to provide licensed cannabis businesses with discounted insurance premiums for qualified operators.
“Both Simplifya and CannGen recognize the value that compliance will increasingly provide in the burgeoning cannabis industry and have joined forces to reward businesses that have the same vision. Staying on top of the everchanging rules and regulations while running a business in cannabis is no small feat. Fostering trust and ensuring standards are met will help to validate an industry that has long operated as an illicit market,” said Marion Mariathasan, CEO & Co-Founder of Simplifya.
“For the cannabis industry to gain further acceptance and become a legitimate, regulated market, all parties across the value chain need to mitigate their risks. A proven method of risk mitigation is through compliance and being ready for the next regulatory challenge. Our partnership with Simplifya will incentivize businesses to strive for total compliance and provide them with the opportunity for insurance savings to make it all a bit easier,” said Charles Pyfrom, Senior Vice President of CannGen.
CannGen will reward licensed cannabis businesses that utilize Simplifya’s regulatory compliance software to manage their ongoing compliance efforts with potential discounts of up 10% of their insurance premiums depending on the line of coverage.
Simplifya is the nation’s leading regulatory and operational compliance tool for the cannabis industry, empowering small and large businesses to proactively manage compliance tasks across all facilities and license types. Simplifya’s web-based self-auditing system distills complex state and local regulations into a series of simple yes-or-no questions to facilitate self-audits, identify areas of non-compliance, manage remediation efforts, and generate management and audit reports. Simplifya’s SOP feature automates the assigning, tracking, and versioning of standard operating procedures, while its Smart Cabinet digital filing system houses all of a business’s required compliance and operational documents in one place. For more information, visit www.simplifya.com.
CannGen Insurance Services operates as a Managing General Underwriter (MGU) dedicated to providing comprehensive insurance solutions which support the cannabis, CBD, and hemp industry. They have more than a decade of experience in this niche and have become the “go to” market for independent insurance agents and brokers that have risks in the space. CannGen’s experience and dedication to the industry are unparalleled as they continue to develop new lines of coverage to provide producers and policyholders with comprehensive “seed to sale” insurance protection for their unique business needs. More information about the firm can be obtained at www.canngenins.com.