Control Maturity Framework
As part of the risk-based approach, the Risk Officer should be able to identify the control maturity expected by the company. A Control Maturity Framework allows the company to consider its control expectations against its inherent risk to determine the strength of its risk-based quality of controls, giving a more accurate residual risk. It also provides the context for prioritization and depth of management responses to third-party findings. Understanding the control maturity expectation allows the company to apply the proper level of control based on its size and maturity, enhances the residual risk analysis of the risk assessment, and provides context for prioritization and management responses to third-party findings.
For example, ACCCE describes an Incomplete Control Framework this way. The capabilities have been reviewed to manage the risk, but show areas needing improvement or have not been validated for effectiveness.
• Documented management control structure identifying responsibility and ownership
This resource is intended for:
- Cannabis Compliance Managers and Officers
- Cannabis Risk Managers and Officers
- Professional Service Providers
About Greenflower Membership
As part of the Green Flower and Association of Certified Commercial Cannabis Experts (ACCCE) partnership, university students are provided membership access for 1 year. This will provide member access to the commercial cannabis handbook and the resources. Further, students receive a 50% discount on certification if they register within the next 90 days.
The ACCCE membership is the ultimate resource for risk and compliance professionals in the cannabis industry. By becoming a member, you will gain access to a range of educational resources, networking opportunities, and advocacy initiatives that can help you build a successful career and contribute to the growth of the industry.
As a member, you will have access to a variety of online courses, training programs, and workshops that can help you stay up-to-date on the latest developments in the industry. You will also be able to network with other professionals in the industry, including growers, dispensary, manufacturers, ancillary cannabis businesses, and regulators. This can lead to new business opportunities, partnerships, and collaborations that can benefit both you and the industry as a whole.
In addition, you will be held to a code of ethics that emphasizes professionalism and high standards in the commercial cannabis industry. By upholding these values, you can help build trust and legitimacy in the industry, which can lead to increased public acceptance and more favorable regulatory environments.
Your ACCCE membership provides a comprehensive set of resources that can help you achieve success in the commercial cannabis industry. Whether you are a seasoned professional or just starting out, this membership can help you achieve your goals and contribute to the growth and professionalism of the industry.