Ep. 22: Five 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.

 

🌿 Our Host: Jenny Germano, Founder of ICS Consulting

🌎 ICS Consulting: https://www.icsconsultingservice.com

 

⏰ 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

 

Legal Disclaimer: The content shared on this channel - including all videos, podcasts, interviews, and discussions is provided for educational and informational purposes only. It is not intended as legal, compliance, or business consulting advice, and should not be relied upon as such. Laws and regulations surrounding cannabis and related industries vary by jurisdiction and are subject to change. Always consult with a qualified attorney or licensed professional before making decisions that could have legal or regulatory consequences for your business. Listening to or viewing this content does not create a client relationship between you and ICS Consulting, Under the Microscope with Jenny, Jenny Germano, or any of the podcast’s guests. Any opinions expressed are those of the individual speakers and do not necessarily reflect the views of ICS Consulting or its affiliates.