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. [...]
Is Ensuring Compliance with Cannabis Rules and Regulations Important for Tamping Down on Illicit Markets?
The policies behind the rules and regulations that govern cannabis programs implemented at the state level often reflect past anti-cannabis biases and, perhaps erroneously, the belief that robust regulation is the only way to transition the industry from illicit-market activities to legitimate marketplace participation. Licensed cannabis operators want to believe that complying with state regulatory [...]
Tri-State Cannabis Market – Growth and Related Regulatory Hurdles
California has received more than its fair share of attention from cannabis industry participants since launching its adult-use program in 2018. However, as California licensed operators struggle to operate in the state’s heavily regulated market that imposes crippling taxes while competing against illicit operators, industry insiders are starting to focus their sights on the tri-state [...]
2022 Simplifya Cannabis Outlook
Working in the cannabis industry sometimes feels like a blur. It seems like just yesterday that states like Colorado and Washington voted to legalize recreational cannabis. Almost ten years later, the U.S. has a maturing nationwide cannabis industry that is experiencing consolidation in certain markets through mergers and acquisitions. This activity has created multi-state operators [...]
An Overview of Marijuana Compliance Laws on the East Coast: State-by-State Highlights
California was the first state to legalize medical marijuana. The eastward spread of legalization has been a slow climb, but several states have found ways to implement laws that are friendlier to marijuana users if not legalized. Currently, marijuana is legal for adult recreational use in 18 states as well as Washington, D.C. Medical marijuana […]
How to Use Simplifya SOPs to Complete the California BCC Forms
Back in January of 2019, we published a blog post detailing how a licensed retailer or licensed distributor in the state of California can best use Simplifya’s standard operating procedures (SOPs) to help in completing forms issued by California’s Bureau of Cannabis Control (BCC). Since then, we have updated our SOPs to even better aid [...]
Risky Business: Why is Cannabis Insurance so Hard to Get?
If you’re a person like me who is generally aware of… things, then you’ve probably heard about the particularly intense wildfire season we’re experiencing in the Western U.S. You may also be aware of the fact that the Western U.S. is home to a significant portion of the country’s cannabis industry. This is a bad [...]
The State of State Initiatives: Marijuana in 2020 curbed by COVID
Written by Tyler Elder and Luke Ewing As we hear every election cycle, the election of 2020 will be the most important election of our time. But what about the importance of this election to the cannabis industry? For a while, it looked like we would have a flood of new states voting on-- and likely [...]
Shifting Focus: From Social Distancing to Social Equity
From Physical Illness to Societal Ills This post was originally intended to be a follow-up to our previous post about the emergency regulations that were enacted due to the coronavirus epidemic. We were expecting these rules to expire, or at least be modified, after a few months...but here we are, three months later, and the [...]