The cannabis business is rooted in multifaceted regulations. While we continue to normalize cannabis and operate as traditional retail enterprise, cannabis isn’t there yet. Highly regulated industries are difficult to operate from a cost and operational perspective, but that burden tends to decrease as regulations mature and standardize.

Keeping current on regulatory requirements and staying compliant can sometimes feel impossible; For business owners who hold licenses in several cities, counties, and states, this burden multiplies. The feat doesn’t have to feel impossible and here are some tips.  

1. Sign up for all mailing lists for your city, state, county to be aware of upcoming changes and new rule effective dates. This is free.
2. Create an internal procedure to process the information and distribute guidance to impacted teams.
3. Maintain a system to track local requirements
4. Keep it simple

It is important to keep things as simple as possible. Utilizing a systematic approach to obtaining, analyzing, distilling, and distributing the information will help any licensee stay up-to-date with complicated regulations. Designate a team member to be responsible for staying current on regulations and effectively communicating changes to the company. This individual should understand how to communicate the requirements in digestible language keeping the jargon out of requirements and documentation. It is important to have a system where you can easily document and distribute requirements for traceability and accountability purposes.

Keeping things simple and structured is the best path to successfully staying on top of the changing regulatory landscape and being compliant. Happy complying to all!