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.
In North America, it is commonly reported that the illicit cannabis market represents nearly seventy percent of all cannabis transactions. Given this substantial market share, it is necessary to recognize that the illicit cannabis market is more common than the licensed cannabis market.
As the commercial cannabis industry becomes more entwined in the economy, it is of utmost importance to defend the business against bad actors.
The transfer of cannabis products into and out of the licensed sector creates great risk for the cannabis business by jeopardizing their active license and risking substantial fines or license revocation by the regulatory authorities.
An interview with the former manager of the Data Analysis Unit of the Department of Revenue Marijuana Enforcement division, and the story of how a commercial cannabis company faced criminal charges for trying to circumvent the law.