Medical Cannabis News

The cannabis industry is growing and changing at an unprecedented pace, creating immense profit potential and putting a spotlight on the array of risks for those in the arena.

David Vaillencourt and Bethany Moore attended the 10th Annual NoCo Hemp Conference and Expo in Estes Park, Colorado. Educational panels included a wide array of topics covering both the fiber and industrial potentials of hemp products as well as the plant’s supplemental and dietary applications. Their attention focused on consuming the policy and regulatory discussions held throughout the day on Thursday, April 11.

On average, cannabis operators are visited one to two times each year for state inspections, one time for insurance purposes, and one time for banking purposes. In this article, we focus on how to prepare for three types of state regulatory inspections: pre-operational, unannounced, and renewal. However, the basics of preparing for a state regulatory inspection apply to all inspections, including those for banking and insurance purposes.