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Since COVID-19 rocked the economy, cannabis businesses and supplychains claim to have been playing catch-up to get back to business as usual. they cant fully attribute high prices to COVID-era supplychain issues unless they factor in items like growing equipment that are commonly manufactured and shipped from overseas.
Cannabis Business Licensing & Compliance 6. Compliance with security requirements (facilities, protocols). High compliance costs: Security measures, GMP standards, and detailed reporting. What security and compliance requirements do cannabis businesses need to meet? Import, Export & SupplyChain Regulations 17.
A strong supplychain is essential to the success of any business, but building a supplychain in the cannabis industry presents unique challenges. One of the biggest challenges is finding cannabis license holders to build a strong and reliable supplychain. Something went wrong while submitting the form.
These new team members will be instrumental as we scale our business to tackle the compliance and marketing needs of companies in both the cannabis sector and other highly regulated industries.”. Here’s the press release. Dawn Hartman is joining Fyllo as Vice President of Sales and Regulatory Databases.
Changes in regulations can have ripple effects throughout the industry, impacting supplychains, investment strategies, and consumer access to medical cannabis products. Effective supplychain management encompasses inventory management, transportation logistics, and compliance with regulatory requirements.
Akerna (Nasdaq: KERN ), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®) today announced the release of its second annual mid-year review. You can access the report here.
This information is accessible to state regulators, providing the ultimate transparency to ensure regulatory compliance, help combat the illicit market, and safeguard the health and well-being of Illinois patients and consumers.” Once finalized, this agreement would mark Metrc’s 24th government contract. including Washington, D.C.,
(DENVER) October 19, 2021 – Simplifya (“Simplifya” or “the Company”), the leading regulatory and operational compliance company servicing the cannabis ecosystem through advanced software and technologies, announced it has expanded its suite of regulatory and compliance tools with the launch of Simplifya Market Guide. Background Checks.
Confia enables cannabis supplychains to flow efficiently.We provide free electronic payments within-network, powerful integrated banking capabilities, and automated compliance. Due to the nature of our business, we were able to walk away with expertise in financial service compliance. What are they?
Mike Beaudry is founder and CEO of HERBL Solutions, California’s largest cannabis distributor and supplychain solutions company servicing more than 850 storefront and non-storefront retail licensees. Company Mission: HERBL’s mission is to help make cannabis more accessible to everyone. Education profile: High School Diploma.
Patient access. I’ve been working hard with some great advocates for patient access in the UK and this position will give me the opportunity to ensure that patients will have access to the high-quality medicines and products they deserve.”.
This will make the two countries the first to de facto allow for a fully-legal supplychain for adult-use cannabis. This is the course that Switzerland and the Netherlands are charting in order to allow for tighter oversight of all stages of the supplychain and maximise the amount of tax revenue.
Akerna to acquire 365 Cannabis, built on Microsoft’s Dynamics 365 Business Central, and become the most comprehensive cannabis ERP system offering a complete portfolio of tax, financials, reporting and compliance systems. DENVER , Sept. LTM revenue. An updated investor deck on the transaction will be made available at: ir.akerna.com.
At MedCan, we are passionate about cultivating a high-quality medical cannabis flower that can be accessed by those who will benefit most. The UK has an ever-expanding medical cannabis sector which requires good quality products with a secure supplychain. “We
Image by James from Pixabay Medical Cannabis SupplyChain The medical cannabis supplychain encompasses all stages of production, from cultivation to distribution. A well-functioning supplychain ensures that medical marijuana products reach patients safely, efficiently, and in compliance with regulations.
One of the panelists is addressing the deficiencies in the supplychain and provides a “white label” facility for growing, developing new products, and analyzing technical data, among other services. Another panelists runs a full service creative and compliance agency for the cannabis industry.
Without compliance boxes checked, the operation will not be able to launch. Nearly every single state requires license holders to document compliance using seed-to-sale tracking software. Compliance. Business data should be readily available and easily accessible at all times. Data & Software. View original article.
What are some of the issues that impact an MSO’s ability to access banking? Each location needs its own supplychain for cannabis products within that state, for example, among other considerations. What are multi-state operators? Why MSOs face unique banking challenges. Securities and Exchange Commission (SEC).
“This milestone speaks to the success of licensees that have interacted with the Commission from the application stage, maintained compliance with our strict regulations, and contribute every day to communities across the Commonwealth. Read more at MassCannabisControl.com/COVID19.
percent THC as long as the production was in compliance with all legal requirements. Access to cannabis-based medicine would be promoted to patients suffering from symptoms that respond favourably to cannabinoids. Italy does not require an authorisation for cultivation and does not penalise growers if their crops exceeds 0.2
Food and Drug Administration (“FDA”), a proven track record of core business fundamentals, and registration with the DEA, Mycrodose Therapeutics is an ideal supply partner for HAVN Life,” says CEO Tim Moore. “Having a supply partner that gives us access to the rapidly growing U.S.
Sustainability consulting and environmental compliance. DEI policies and integration across supplychain, vendor, recruitment, and employment practices. and provided free or reduced-cost legal services to qualified applicants who need help accessing and navigating them. Kim Napoli.
20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3
Offer cannabis operators a seamless solution from startup to multi-state operator while maintaining regulatory compliance every step of the way through Akerna’s compliance gateway. 365 Cannabis’ clients will receive access to a more robust platform, a large pool of integrations and complementary products, and a broader support team.
We know that current tax policies disproportionately burden cannabis farmers and small businesses and create instability throughout the supplychain, ultimately undermining the societal benefits of a taxed and regulated market. million to help expand access to legal retail throughout California.
The business was set up by former Boston Consulting Group colleagues Ben Hamburger and Arjun Rajyagor to improve the industry’s supplychain and provide much-needed medical cannabis to patients with life-threatening illnesses. About Sana Life Science.
Many legal cannabis suppliers and retailers are being forced to operate in a cash-intensive market due to federal laws that limit access to traditional banking. With this type of intelligence and insight, businesses across the cannabis supplychain can make better-informed decisions about where the greatest risk exposure lies.
– Integrated solution provides a single platform for compliance with vaccination status tracking and weekly testing requirements – STONY BROOK, N.Y. & By providing both vaccine status management and weekly COVID-19 testing, the integrated platform offers a single solution for compliance with the ETS. Dr. James A.
The company’s intelligent UPC aims to reduce cost and increase transparency in all parts of the supplychain, from growers to brands to retailers to consumers. Cultivators and brands can use this barcode to upload and access test results and compliance certifications. Others use QR codes for inventory tracking.
The passing of Amendment 2 in November 2018 paved the way for legal access to medical cannabis and the state’s medical marijuana program. The amendment allowed patients with qualifying conditions to access medical cannabis under the supervision of licensed physicians.
Brown-Forman’s Global Sustainability Goals broaden the company’s focus beyond owned-business operations to include its supplychain, where the majority of the company’s environmental footprint resides, and are centered around four pillars: Climate Action : Reduce greenhouse gas emissions. Imprecision in supply/demand forecasting.
DCC will continue to direct significant effort to building a safe, sustainable and equitable cannabis market, including by engaging with all stakeholders, improving access to licensure, and streamlining and simplifying the regulatory framework.”.
The Department took steps this year to deliver on the promise of consolidation, establishing regulatory reforms that streamline requirements for cannabis licensees, unifying department operations to more efficiently support the entire supplychain, centralizing complaint reporting, and enhancing access to public resources and information.
Until now, the very few people given permission to access medicinal cannabis in the UK (as in, you can count them on one hand and not include your thumb) actually had to travel to the Netherlands to claim it. And even then they risked having it seized at customs.
This information is accessible to state regulators, providing the ultimate transparency to ensure regulatory compliance, help combat the illicit market, and safeguard the health and well-being of Alabama medical cannabis patients. “As Metrc now holds exclusive government contracts in every region of the U.S, including Washington, D.C.,
Through these specialized services, Maryland dispensaries play a crucial role in providing accessible and quality medical cannabis options to patients statewide. These expansions aim to increase patient access and address supply shortages experienced in the past.
It’s a development that promises to streamline operations for cannabis delivery companies and enhance accessibility for patients. By simplifying the supplychain and reducing logistical barriers, these changes aim to streamline delivery operations and keep costs in check, ultimately benefiting both businesses and consumers.
For some period of time, expect there will be more people who will want to buy cannabis than can access cannabis.” Vic Neufeld, CEO of Aphria, said demand is higher than expected and supplychain issues are normal because “it’s like a five-lane highway all merging into one lane.”. What’s the Cause Canada’s Cannabis Shortage?
WW also wanted to “negate the necessity for further court challenges on the constitutionality of the legal frameworks (dagga is already legal by virtue of the constitutional court ruling – need to allow reasonable trade to facilitate those without access to private land for cultivation)”. ‘No
I would say the one major difference there is that while access to capital is an issue in the hemp industry, it is an extraordinary issue when it comes to the cannabis industry and to federal prohibition on lending to cannabis businesses. . It is your supplychain. And it’s not just narrow, one-off initiatives.
I would say the one major difference there is that while access to capital is an issue in the hemp industry, it is an extraordinary issue when it comes to the cannabis industry and to federal prohibition on lending to cannabis businesses. . It is your supplychain. And it’s not just narrow, one-off initiatives.
We are witnessing the real-time creation and evolution of the relevant supplychains – locally, statewide, nationally, and globally. California has had marijuana delivery for quite a few years at this point, and these licenses carry with them very strict protocols and standards to ensure strict compliance and public safety.
The foundational framework was laid with the establishment of the Michigan Medical Marijuana Program in 2008, signalling the state’s commitment to providing legal access to cannabis for qualified patients. Job creation extends beyond traditional roles, with research, technology, and compliance positions emerging.
The Ontario government cites supply concerns as the reason for this potentially being the final cannabis lottery. But analysts say this alarmist stance is unfounded and needlessly limits access to legal cannabis. Our platforms make it easy to handle reward systems, POS, inventory, compliance, reporting and much more.
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