IS CANNABIS COMPLIANCE WORTH THE COST?

Cannabis can be a costly industry to break into. Between costly licensing fees on local and state levels, burdensome taxes, shifting regulations, expenses for operations, marketing, and more, it’s not cheap. Tobacco, alcohol, pharmaceuticals giants are in the same boat, but over the years have all fought federal regulations. With cannabis legalization on the horizon, should the industry fight against regulations or let it be so that change can happen?

Here’s one toke (and a good one at that): Where consumable products are concerned, being in compliance (whether you agree with regulations or not) is one thing you and your business should not be cutting corners on. If for no other reason, you shouldn’t forgo compliance for the simple fact that getting stung for non-compliance can cost you so much more. The gist is pretty straightforward, the real costs of non-compliance are staggering. Punitive fines, paying for mandatory employee training, lost revenue due to your business being shuttered, forfeiting your license, uhh, prison. Yep, pretty staggering, and far more encompassing than “just a fine.”

Read more at tinyurl.com/hqnews-compliance

  • CannaAid and Peak: Something new for everyone.

Recent Articles

Boost profits with these holiday cannabis sales strategies to build Q1 momentum through promotions, gift cards, bundling, and future-focused planning.
Learn how to create a holiday cannabis retail experience with sensory design, festive displays, gift bundles, and events that boost sales and traffic.
Discover 12 cannabis stocking stuffers and upsell ideas in this cannabis holiday gift guide to boost sales and delight last-minute shoppers.
Discover how Southern Hemp LA creates clean cannabis products with simple ingredients, strict standards, and Cajun charm in Louisiana.
Get ready for the holiday rush with this cannabis holiday retail guide, including tips on staffing, inventory, customer service, and burnout prevention.
Tina Ulman is reshaping cannabis policy and expanding access, from changing Nevada laws to launching brands that bring new consumers to the plant.
As a lifelong stoner, feminist, and teacher, Luna Stower does know how intersectional plant medicine can be.
“Whenever somebody sees ‘Sales Guru’ on my card, they ask how you become one,” he says. “I tell them that you spend your life in sales, and you go to Nepal to climb the Himalayas to meet the real gurus. You get the wisdom from them, then you bring it back down and apply it to your life.”