By Justin Dufour • November 1, 2017

Compliance & Compliance Risk – Is your Cannabusiness ready for an audit?

 

Managing compliance and the associated risks is difficult in the dynamically changing Cannabis industry. New regulations continue to be passed and in many cases the States are still working through what the regulations mean and how they are going to enforce compliance.

 So what is the best way to manage all of your compliance requirements?

My advice is that you consolidate these rules as much as possible into a complete Seed-to-Sale software solution that is built on a robust ERP (Enterprise Resource Planning) system. With a complete business software solution all your data will be in one place, minimizing effort and errors.  Because of the nature of some compliance rules you will not be able to get them all into your business management system. You will, however, be able to get the majority of the rules set up in a quality system. When evaluating Seed-to-Sale software solutions look for a system that will enable you to get alerts and messages before you fall out of specific compliance requirements. By consolidating your compliance needs and making them a part of your overall business management solution, compliance becomes a part of your standard business best practices.

Nobody looks forward to a compliance audit. Implementing the right software solution for your Cannabis company will ease the stress of your compliance requirements allowing you to spend less time chasing reports and more time growing your business. 

Remember that compliance is constantly evolving in every State and will continue to do so. Thus, your compliance needs and requirements are always in flux and continually changing based on new rules and regulations passed down by the States. Make sure your Seed-to-Sale software solution has the ability and flexibility to accommodate and change with the regulations. You do not want to be locked into a system that does not have the ability to adapt to the needs of these dynamically changing market.

A good Seed-to-Sale solution will be built on a robust ERP system that will handle all aspects of your Cannabis business from financials and inventory to crop management and processing while having the flexibility add additional fields, business process, workflows, and business rules.

Justin Dufour, Founder of Viridian Sciences.