Written by Katelin Edwards and Elisa Cruz. It’s not news to members of the cannabis industry that compliance is key. But between a global pandemic, the economic downturn associated with it, paying federal, state, and local taxes without federal tax deductions or tax credits, and conducting general business operations...where should cannabis retailers focus their cannabis [...]
Regulatory News
Elisa Cruz
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Top 8 Compliance Tips for Cannabis Businesses
Managing compliance for a business in a highly regulated industry, like cannabis, can seem overwhelming. You have to manage onerous requirements for recordkeeping, reporting, inventory tracking, testing, packaging and labeling, and security systems. The list goes on. You also have to verify that every employee of the company is following the rules, which frequently change. [...]
Prioritizing Cannabis Compliance: Is An Audit Worth The Cost?
Across the country, in 2022 alone the expansion of legal cannabis markets broadened the number of entrepreneurs and businesses entering the cannabis space. East coast states such as New Jersey and Connecticut joined ranks with others and rolled out their recreational programs this year. Whether you’re a cultivator, starting a cannabis business, or have been [...]
Simplifya’s New Smart Cabinet Has Arrived
There’s a saying that 90% of cannabis compliance is documentation. Keeping files. Organizing files. Making sure none of your documents are expired. Being able to produce them for an inspection at a moment’s notice. Since launching two years ago, Simplifya’s Smart Cabinet has provided our users with an online hub to organize and manage all [...]
The Three-Two-ification of Cannabis: Does the Industry Need Potency Caps?
Back in 2012, when Colorado became the first state to legalize recreational/adult-use marijuana, we typically summarized the proposal with a pithy suggestion-- “just regulate marijuana like alcohol.” It didn’t quite shake out that way, because marijuana is decidedly not alcohol, but the argument by analogy certainly convinced voters to approve cannabis reforms in a number [...]
The State of State Cannabis Regulations & Sustainability
When states like Colorado and Washington made history by voting to legalize adult-use cannabis back in 2012, it’s safe to say that environmental sustainability was not at the top of the priority list for state regulators. Even now, when more than half the states in the country have either a medical marijuana or adult-use cannabis [...]
Cannabis Compliance & Sustainability: A Complicated Relationship
There’s no question that compliant, sustainable cannabis operations are the goal of the cannabis industry. Regardless of whether you’re a single location retailer or a multi-state operator, the task of developing and successfully operating a compliant cannabis business that is also sustainability-minded is not a challenge for the weak of heart...or wallet. The relationship between [...]
Hub International Chooses Simplifya For Ongoing Cannabis License Verification Of Cannabis Clients
Simplifya Verified Platform to Deliver Efficient Cannabis License Verification Process for HUB December 3, 2020 - Hub International Limited (HUB), a leading global insurance brokerage, announced today that is has chosen Simplifya, a leading provider of operational and regulatory compliance software for the cannabis industry, to provide ongoing cannabis license verification in order to help [...]
Simplifya, NatureTrak, and HDCS Form Alliance to Deliver a Cannabis Banking Compliance Solution for Financial Institutions
Simplifya, NatureTrak, and HDCS jointly announce a strategic alliance to provide a comprehensive, cost-effective solution to help financial institutions build and maintain compliant and profitable cannabis banking programs. Despite legal cannabis markets in 35 states, and continuing record-breaking sales growth, the financial services industry has been reluctant to bank the industry due to the risks [...]
Simplifya’s Newest Compliance Tools: Cannabis License Tracking & Reporting
As we continue our quest to offer the most efficient, comprehensive compliance tool for the cannabis industry, we are proud to deliver two more tools for your arsenal: Cannabis License Tracking and Reporting. These two new features round out our core software platform and further enable our clients to manage their compliance, their way. One [...]