Keeping an eye open to grow better…
Now, with several countries and many states in the U.S. legalizing cannabis for medical or adult recreational use (or both), interests in this industry have grown in several ways.
It doesn’t matter if you want to grow it, be an entrepreneur, invests in it, or just use it. Cannabis is a trending culture that generates excitement, fascination, and great business opportunities.
It’s a fact that medical marijuana is being used to help regulate bodily functions, according to some of the chemical components and unique properties that the cannabis plant has.
But it’s also true that the world is still in a research phase to obtain certain results that prove its effectiveness and risks.
This research is also restricted as it’s only allowed by certified scientists, consequently the big amount of regulatory hassles that the FDA, DEA, NIDA, and state regulatory agencies only makes getting good and fast results more complex.
Additionally, funding in this matter is very tricky and limited, other factors are not helping to develop great research results, including the reality that cannabis is federally illegal in the U.S. since 1970 when the Supreme Court overturned the Marihuana Tax Act of 1937, signed by President Franklin D. Roosevelt, which required users to obtain a tax stamp that regulated the importation, cultivation, possession and/or distribution of marijuana.
Today, cannabis regulations vary by state and even within the states where it’s legal because various jurisdictions within the state can set their laws and even prohibit dispensaries from operating in their jurisdiction.
Every stage of the cannabis process is regulated and constantly changing, this is why cannabis businesses should be familiar and to date with federal, state, and local laws, causing a waste of energy and resources that could be minimized with the appropriate tools.
Remember that even though we are in a trending and promising industry, we are still in the middle of the way by learning our best to develop better.
So, knowing your limitations is the best way to grow safe while you have to navigate a labyrinth of rules and regulations, suffer through never-ending inspections, unravel the complexities of the tax system, overcome restrictions on banking, and deal with community members who may not be euphoric at having a cannabis business in their neighborhood.
And last but not least, you need to deal with all that and every other challenge of running a successful business.
Are you worried about your business’ Compliance with cannabis?
Everything that a growing cannabis business should have in terms of compliance:
- Updated State-Specific Guidelines, Policies, and Procedures
- Updated State-specific regulations database
- Organized information to report
- cGMP as defined by the FDA
- HACCP plan development
- ISO 22000 for Food Safety
- ISO/IEC 17025:2017 Certification for testing and calibration laboratories.
We want you to do your best!… B-HIVE can help you obtain efficient systems and processes and mitigate liability risk.
Ask our team that counts on an extremely qualified and certified regulatory team and allies!
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