Products

Compliance Policy Checklist

Compliance Policy Checklist

Commercial cannabis risk managers and compliance officers can use this checklist to draft a formal compliance policy that will address their company’s adherence to applicable laws and regulations and internal standards. This checklist walks through the major components of a robust compliance policy.

This checklist is intended for:

  • Commercial cannabis business owners
  • Commercial cannabis business risk managers
  • Commercial cannabis business compliance managers

Produced by Vijay S. Choksi, Esq. for the “Introduction to Compliance Management – Establishing the Culture of Compliance” Webinar.

Comprehensive Cannabis Banking Program

Comprehensive Cannabis Banking Program

Financial institution boards of directors and executives can use this resource to assist them when considering cannabis banking, or expanding a cannabis banking program. This one-pager will help you identify material due diligence processes, internal controls, and best practices to check your cannabis banking program against.

This checklist is intended for:

  • Financial institution board members
  • Financial institution executives
  • Financial institution compliance and risk functions

Produced by Andy Montgomery for the “Cannabis Banking in the Boardroom: Risk Management” Webinar.

Financial Institution Cash Deposit Guidance

Financial Institution Cash Deposit Guidance

Financial institution risk and compliance executives can use this reference to guide the conversation on whether to allow cash to be deposited in your branches from commercial cannabis businesses.

This resource is intended for:

  • Financial institution compliance and risk functions

Produced by Chris Gunias for the “5 High Risk Areas of Cannabis Banking Webinar”, this reference document runs through the risks a financial institution should consider in their due diligence and enhanced due diligence for allowing a commercial cannabis business to deposit cash at a branch.

Financial Institution Due Diligence Checklist

Financial Institution Due Diligence Checklist

Financial institution AML and BSA staff can use this reference to guide the conversation on what to review for cannabis banking due diligence.

This resource is intended for:

  • Financial institution AML/BSA function

Produced by Cathy Scharf for the “5 High-Risk Areas of Cannabis Banking” webinar, this checklist runs through the material differences a financial institution should consider in their due diligence and enhanced due diligence.

Inherent Risks Associated with Brand Companies

Inherent Risks Associated with Brand Companies

Financial institution compliance and risk personnel can use this resource to assist them when conducting due diligence on commercial cannabis business customers. This infographic will help you understand how a brand company may work with your commercial cannabis customer, and what inherent risks should be considered when evaluating that relationship.

This infographic is intended for:

  • Compliance Managers
  • Compliance Analysts
  • BSA/AML Officers
  • AML Analysts
  • Risk Managers
  • Risk Analysts

Produced by Carole McCormick for the “Cannabis Banking Due Diligence – Deep Dive” Webinar.

 

Intro to Track and Trace

Intro to Track and Trace

Track and trace systems store vast amounts of data about the cannabis product from seed to sale. This is a foundational element in creating transparency when managing cannabis products through the licensed commercial cannabis industry and one of the best sources of data available. Any entity dealing with commercial cannabis needs to understand what the track and trace regulations and the track and trace systems are meant to do, the data collected, and how it transitions across the supply chain to create transparency for the cannabis product from seed to sale. As one of the richest data sources available, understanding the track and trace system will help you implement due diligence on your cannabis product supply chain and monitor the cannabis product under the commercial cannabis business’s control.

We interview former cannabis examiner Phil Martin, CEO of Copacetic Strategies. This video will provide insight on the fundamentals of track and trace regulations, how non regulators can use the data to identify the risk profile of the cannabis product they work with, and what data to focus on.

This ACCCE On Demand video will review the data commercial cannabis businesses or ancillary commercial cannabis businesses should consider for ongoing monitoring.

This is an ACCCE On Demand video. This video is one hour in length.

Continuing Education: 1 hour

Introduction to Compliance Management – Establishing the Culture of Compliance

Introduction to Compliance Management – Establishing the Culture of Compliance

In 2019 across North America, compliance violations were assessed for millions of dollars, with multiple individual fines exceeding $100,000, and hundreds of licenses were revoked. Noncompliance with laws and regulations can expose your commercial cannabis business to litigation, monetary penalties, and other formal enforcement actions including license revocation. Compliance in the commercial cannabis industry is highly regulated and complex due to the multi jurisdiction requirements, quick changes to rule making and regulation, and growth of the industry. Establishing a culture of compliance early reduces the likelihood that your business is damaged by noncompliance and creates an effective defense to reduce the impact of noncompliance should it happen in the future.

Effective compliance management enhances your business’s ability to manage compliance responsibilities, ensures employees understand these responsibilities, establishes self-reviews and audits to ensure responsibilities are carried out, and creates an issue management process to manage corrective actions when noncompliance is identified. Learn how to integrate board and management oversight, formalize compliance policies and procedures, and establish compliance audit standards into your risk program to start this process. These elements allow you to focus your resources on the highest risk problems while you mature compliance management over time.

This is an ACCCE Webinar; the live Q&A will be January 21, 2021 from noon to 2:00 MST.

Continuing Education: 2 hours

Measuring Your Compliance Culture Checklist

Measuring Your Compliance Culture Checklist

Commercial cannabis risk managers and compliance officers can use this checklist to assist them in measuring the effectiveness of their company’s compliance culture. Compliance culture is built over time, and this checklist will assist with answering key questions about the strength of the internal control environment, training, and communication.

This checklist is intended for:

  • Commercial cannabis business owners
  • Commercial cannabis business risk managers
  • Commercial cannabis business compliance managers

Produced by Donald Luther for the “Introduction to Compliance Management – Establishing the Culture of Compliance” Webinar.

Risk Program Package

Risk Program Package

ACCCE’s risk program is a great starting place for commercial cannabis businesses with no risk program in place, or for commercial cannabis businesses looking to enhance their current risk program.

Ancillary cannabis businesses can also use this risk program template to assist their commercial cannabis clients in implementing a risk program.

The instructions document and accompanying video will help you understand how to create a commercial cannabis risk program by establishing what each section in the template does for your business, how to modify certain sections to be specific to your business, and how to formalize the program through a corporate approval process.

This risk program package is intended for:

  • Risk officers
  • Compliance officers
  • Compliance managers
  • General counsel
  • Compliance and risk functions at ancillary cannabis businesses