Best Practices Archives - Page 5 of 5 - Cannabis Business Executive

Making Data Work: What You Need to Know

November 12, 2018
Jacques Santucci
Banking, Finance & Real Estate, Best Practices, Compliance and Regulations, Science and Technology
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The cannabis industry is evolving rapidly and so is the usage of data in a business, particularly in this nascent industry. We all know that data’s importance to business strategy is unimaginably larger than a couple of decades ago, but…

Four Elements of Organizational Processes Part II: Operations Planning and Quality Management Systems

The second installment of this series explores how Operations interprets and implements company strategy while Quality Management Systems (QMS) monitors the processes and collects decision driving data. Operations A company’s strategic plan conceptualizes long-term goals as a clear strategy is…

What Cannabis Companies Should Know About Data Security and Breach Response Requirements

October 10, 2018
Robert Munnelly
Best Practices, Compliance and Regulations, Massachusetts, Science and Technology, Security
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Cannabis companies should remain mindful of the importance of creating and maintaining a comprehensive written data security program. No cannabis company should aspire to being subject to response costs, regulatory fines, and potential lawsuits that follow the theft or inadvertent…

Protecting Your Trade Secrets and Goodwill

Developing premium cannabis and cannabis products is only half the battle for businesses seeking to distinguish themselves in an increasingly competitive climate. The other half, which requires careful planning, is to protect your business’s goodwill and proprietary recipes, formulas, and…

Cannabis Conferences: Five Smart Tips for Getting the Most Out of Marijuana Trade Shows

We’re heading into trade show season. So for my latest Cannabis Business Executive column—where I regularly unpack the art of public relations in the cannabis industry—let’s dig into some smart ways to decide what cannabis conferences are worth your time…

5 Red Flags Your Client Is About To Become Your Debtor

April 9, 2018
Brett Gelfand and Cody Ziering
Banking, Finance & Real Estate, Best Practices, California, Colorado, Massachusetts, Nevada, Oregon, Training & Education
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We have all heard that in business that nothing is more important than customers. Many corporations today recruit and pay steep salaries for C-Level executives that include titles such as Chief Customer Relations Officer or Chief Happiness Officer. In the…

The Cannabis Market’s Growing Need for Trade Credit Data

Along with the rapid growth of legalization is the rapid growth of the industry’s economic status. For decades, conversations have surfaced surrounding the positive impact that the cannabis industry could have on our country’s economy; fixing taxes, reducing crime, etc..…

The Evolution of the Dispensary: Automate What You Can and Let the Budtenders Offer a Personal Touch

As our industry matures, dispensary owners and customers have come to expect more satisfaction from the cannabis shopping experience. Unlike other retail businesses that have succumbed to the virtual marketplace, regulations governing how cannabis is marketed and sold require that…

Here’s Some Advice From Cannabis Executives in Uncertain Political Climate

President Trump voiced support for medical marijuana and states’ rights during his campaign, but Jeff Sessions, his pick for Attorney General, has opposed legalization, and will have the power to enforce the federal drug laws that could send people to…

How Well Do You Know Your Numbers? Starting 2017 Off Right

By Simone Cimiluca-Radzins As many business owners scramble to get their 2016 financials in shape as part of the annual tax and 280E process, very few are working on their 2017 budget. Just as we do in our personal life,…

Insurance Loss Control Issues for the Cannabis Industry

December 5, 2016
Thomas Smith
Banking, Finance & Real Estate, Best Practices, Compliance and Regulations
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The International Risk Management Institute defines loss control as "a risk management technique that seeks to reduce the possibility that a loss will occur and/or reduce the severity of those that do occur. Also known as safety or risk control. Driver…

The End of Zero Tolerance? Drafting Workable Substance Abuse Policies in a Legal Cannabis Climate

Employers across the nation have long incorporated into their workplace policies a statement providing that their offices, job sites, and factories are “drug free” and that they take a “zero tolerance” approach to the use of drugs. The zero tolerance…

Top 5 Compliance Infractions: Colorado Medical and Recreational Cultivators

April 11, 2016
Steve Owens
Best Practices, Compliance and Regulations
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Editor's Note: This is the second in a three-part series on top regulatory compliance infractions for medical and recreational retailers, manufacturers and cultivators. See here for the first part on Retailers. The Cannabis Industry is one of the most highly regulated industries…

Top 5 Compliance Infractions – Medical Dispensaries and Retail Stores

February 13, 2016
Steve Owens
Best Practices, Compliance and Regulations
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The Cannabis Industry is one of the most highly regulated industries in the United States. Not only are cannabis businesses subjected to state licensing and regulatory requirements, they must support city/county/municipal and federal regulations and authorities as well. The overall…

Cultivation Best Practices

Estimating Adequate Licensed Square Footage for Production Provided By Triq Preventing Artificial Adulterants and Natural Contaminants in Cannabis Production: Best Practices Provided By Triq