Risk Areas

How to Prevent Distribution of Cannabis to Minors – Key Similarities Between Canada and the U.S.

How to Prevent Distribution of Cannabis to Minors – Key Similarities Between Canada and the U.S.

The Cannabis Act has explicit rules for the packaging and labeling of cannabis products to ensure that they do not take on an appearance of something that might be enticing or appealing to young persons. The rules are comparable in the U.S., even if they vary slightly by state law.

One situation where both jurisdictions can learn from each other’s mistakes occurred in 2020. A raffle held at a Canadian youth hockey tournament contained a prize consisting of several cannabis products. The winner was an eight-year-old boy who was participating in the tournament.

Comply or Go Awry: Highlights From a Commercial Cannabis Enforcement Action and How to Protect Your Business

Comply or Go Awry: Highlights From a Commercial Cannabis Enforcement Action and How to Protect Your Business

Commercial cannabis businesses tend to focus on preserving compliance with regulations in order to satisfy licensing requirements; however, managing risk holistically involves more than looking at the regulations.

Read this real-world case study of a commercial cannabis enforcement action and learn how to protect your business from potential penalties.

Form 8300 – Do You Have Another IRS Issue?

Form 8300 – Do You Have Another IRS Issue?

In the United States of America, commercial cannabis businesses must be aware of the Internal Revenue Service (IRS) requirements for Form 8300 when receiving over $10,000 in cash for a single or related transaction. To reduce your civil and criminal risk exposure, start your risk-based approach to Form 8300 compliance today with a risk assessment, system of control, and looking at the past.

Make Risk-Based Decisions Part of Your Culture and Stop Firefighting

Make Risk-Based Decisions Part of Your Culture and Stop Firefighting

For commercial cannabis businesses to succeed, risk management should be incorporated into every employee’s job. This helps every cannabis operator reduce public harm, increase public safety, and maintain a sound licensed cannabis market that is profitable to operate in. Risk management isn’t built in a day, but the sooner you start, the sooner everyone gets to do their job.

ACCCE Mini-Series: Using Track and Trace Data to Identify Unusual Activity Episode 2

ACCCE Mini-Series: Using Track and Trace Data to Identify Unusual Activity Episode 2

Jontae James, CEO of NatureTrak, will provide a view for both the cannabis business and the ancillary cannabis business on how to accomplish the transparency necessary for both sides to prosper with risk-based due diligence. In this episode, Jontae introduces key information to evaluate, like how much the commercial cannabis business expects to produce/sell, where the cannabis product is going, and who they do business with.