Cannabis Dispensaries: Watch These Red Flags To Avoid Compliance Mistakes
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It is no easy task to run a cannabis dispensary without being aware of solid procedures. After all, there are so many moving parts that need to stay on top on any day. However, the most important thing you need to ensure is not doing anything that might risk your business into legal jeopardy.
While the cannabis industry is making significant progress in keeping up with political and social marijuana legalizations, there are still many rules to take care of. And, why not? You don’t want to be under constant legal scrutinization.
Business giants say that one misstep can have heart-wrenching consequences. Dispensaries that don’t comply with compliances are at risk of being fined, which may deteriorate their reputation. Also, they may end up losing their precious customers to competitors. Or, the mishaps may go a step further and may even force them to close their doors.
Now that you’re eyeing a smooth performance, here are some critical compliance mistakes for you to avoid under all circumstances. Read on to know what these are:
● Employees Not Checking Customer IDs:
Checking customer IDs must be ingrained in your operations. And, it’s generally second nature for your employees. However, dispensaries end up making this compliance violation most often.
Thereby, to maintain safe operations, it is vital to check customer IDs regularly. By doing so, dispensaries can ensure their customer’s legal age and medical status for buying your products. Many dispensaries use third party softwares for providing if their IDs are valid and are in good standing.
● Failure to Maintain Detailed Records:
The government requires cannabis dispensaries to maintain pertinent records of their cannabis purchase and sale. Also, cannabis manufacturers and sellers (the dispensaries) must keep detailed records of their products.
Seed-to-sale laws assure that cannabis compliance holds well in place. For instance, if you’re a commercial cannabis grower, you need to track the moving of plants from one place (room) to another.
Growers need to use separate rooms for plants if one is for medicinal use and the other is for recreational purposes. And, tracking software is essential for that too. By integrating things such as a point-of-sale system, things will get easier for dispensaries and growers for product tracking.
● Failure to Meet the Security Requirements:
A dispensary needs to have security measures in place for protecting itself. Although these security measures can be costly, dispensaries opting for shortcuts often land up in jeopardy.
Thereby, it is vital to have a detailed security plan in hand, which can encompass onsite security guards. Dispensaries must also have high-resolution cameras installed in every square inch of the insides and outsides of a building.
There must also be a regulation for ensuring proper monitoring, storage, and transportation of inventory.
● Improper or Expiring/ Expired Licenses:
Every state has its licensing regulations for businesses, cultivation, manufacturing, retail stores, and dispensaries. Thus, dispensary owners need to be aware of these requirements for ensuring that proper paperwork is in place.
Also, make sure of maintaining good relations with the local and state licensing authorities.
Key Takeaways
By knowing what to look out for, dispensaries can easily keep themselves from making inevitable compliance mistakes. Also, keep yourself updated as cannabis dispensary rules and regulations are continuously changing.
So, make sure that you’re always a step ahead with knowing and adhering to compliance regulations.
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