CANNAINVESTOR Magazine U.S. Privately Held April / May 2019 | Page 44

Non-compliance is expensive. The business could risk losing everything – its license, investment and all the effort. Administrative actions and penalties against a cannabis license lowers the value of the business. Corrective actions cost time and money, that could be focused on increasing market share and revenues. Automating compliance is the first step. Compliance saves money and improves the overall value of the cannabis business.

Many companies look at being compliant as an expense. Help us look at it another way, how does being compliant assist a company in increasing revenue?

Yes. Our inspection software is routinely updated, includes a Search Engine to quickly and easily find regulations and a Compliance Dashboard to keep track of your average score and last 5 reports. It is much easier and less expensive than repeated requests to expensive attorneys. Adherence provides an in-depth Cannabis Compliance & Operations Training course that has educated more than 200 attendees, including banks, credit unions, regulatory authorities and municipalities.

When someone completes your compliance training course, how do they stay informed? Compliance software?

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