5 Compliance Challenges That Can Make or Break Your Regulated Cannabis Business

🎙 In this episode of 'Under the Microscope,' host Jenny Germano dives into five primary compliance challenges that can make or break a regulated cannabis business. Jenny shares her extensive background in the cannabis industry, beginning in 2009, and the insights she has gained through her 16 years of working in the regulated market. She addresses why she often focuses on the industry's hurdles, and the importance of being prepared, the role of regulations along with the five key compliance challenges operators will face. Jenny provides practical advice, including the necessity of thorough training, and the significance of understanding every single aspect and moving piece of the cannabis business. This episode is crucial for both new entrants and existing operators in the cannabis industry, offering valuable insights and strategies to navigate and mitigate these challenges.

⏰ Timecodes ⏰

00:59 The Reality of Cannabis Industry Challenges
04:00 Why Running a Regulated Cannabis Business is Challenging
09:00 Top Five Compliance Challenges Overview
11:27 Inconsistent Testing Standards
18:50 Navigating the Regulatory Maze
21:52 Inventory Tracking and Inversion Risks
35:56 Security, Packaging, and Product Safety
43:49 Financial, Tax, and Banking Compliance
51:19 Final Thoughts and Wrap Up