Challenges, Solutions, and Opportunities Facing Legal Cannabis Transportation
How to Form the Future of Cannabis Compliance Regulations
Agencies like the Bureau of Cannabis Control in California realize that regulating the product from seed to sale is crucial. The BCC is hardly alone, with authorities in other states laying down stringent laws that cover everything from age restrictions to what type of vehicle must be used for delivery.
These vary greatly from state to state. They will likely continue to do so until the federal government removes the Schedule 1 designation, a move that has the support of the American public.
When that happens, expect cannabis compliance to be a major federal initiative.
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Read how the cannabis industry can lead the way in forming the future of its regulatory compliance.
Why Cannabis Compliance is Crucial
In the fast-growing world of legalized cannabis, “compliance” is going to become the new focus. Grandview Research forecasts the industry will be worth $73.6 billion globally by 2027, up from the current $9.1 billion. Regulatory compliance is inevitable as interest and revenue soar.
The cannabis industry already has compliance on its radar in spite of U.S. federal laws that still label the product as a Schedule 1 substance that has no therapeutic value and a high potential for abuse.
State, regional and local governments are taking the lead in legalizing and decriminalizing – and they’re raking in huge amounts of tax revenue as a result.
Learning from Compliance in Other Industries
Compliance is a familiar term to many highly regulated industries. Trucking has been regulated since the 1930s, mainly an effort to keep the roadways safe.
Today’s trucking professionals are dealing with legacy rules. They also feel that many of these rules are the result of well-intentioned lawmakers and bureaucrats who have little understanding of the industry.
Contrast this with cannabis. When federal legalization happens, there will be a scramble to enact effective compliance regulations.
Driving the Discussion with Data
The industry professionals and government entities that are now focusing on compliance at the state, regional, and local levels will be well-placed to influence federal cannabis compliance rules. They’ll have experience and data that will add value to the discussions.
Dispensaries, growers, and laboratories are in a place where they can do something unprecedented: They can positively impact the creation of federal laws that will shape the future of the industry. Their data and experience can improve the odds of legislation that reflects the realities of their industry’s challenges.
The key to doing this effectively is the use of fleet management solutions. With tools such as GPS tracking, compliance management, daily vehicle inspection reporting, and visual safety solutions, the cannabis industry can develop an extensive repository of data. This data can provide irrefutable insights about the challenges businesses face. That data can then shape the regulatory framework.