Regulatory Compliance

Regulatory Compliance: A Critical Component
Compliance may not be the most exciting part of running a cannabis business, but it is one of the most essential. With high stakes, complex regulations, and ever-changing requirements, overlooking compliance is not an option. Social Legacy Partners offers reliable cannabis compliance services, ensuring that your operations not only meet but exceed regulatory standards.

The Challenges of Compliance
Cannabis businesses face a labyrinth of regulations at the local, state, and federal levels. These regulations frequently change and often conflict, adding to the complexity. Our team of compliance experts understands these challenges and can help you:

• Navigate the specific regulations for your location and operation type.
• Stay ahead of upcoming changes, such as FDA/GMP compliance standards, which are poised to disrupt the industry.
• Build relationships with committees, lobbyists, and other advocates to influence favorable regulatory changes.

Preparing for FDA/GMP Compliance
The cannabis industry is gearing up for significant shifts as FDA/GMP regulations take effect. Experts predict these changes could close as many as 30% of current cannabis processors and manufacturers. Whether you’re pre-license, pre-operational, or already running, Social Legacy Partners can help you prepare:

• Design facilities to meet FDA/GMP standards.
• Optimize processes for compliant operations.
• Align your financial models and business plans with regulatory requirements.

Managing Risk with Audits and Reporting
From licensing to daily operations, compliance is a full-time responsibility. The smallest oversight, such as an expired employee badge, can result in hefty fines. Social Legacy Partners provides the expertise to keep your business on track through:

• Routine Compliance Audits: Conduct external audits quarterly and internal spot checks regularly.
• Inventory and Cash Management: Ensure accurate tracking and reconciliation.
• Reporting Support: Manage daily, weekly, and annual reporting requirements.

Spotting Common Infractions
Compliance missteps can jeopardize your business. Common infractions include:

• Cultivation Operations:
  • Failing to reconcile daily inventory.
  • Missing Material Safety Data Sheets.
  • Improper documentation of chemical or pesticide use.
• Dispensaries:
  • Delayed entry of products into state-mandated inventory systems.
  • Incomplete security logs and visitor tracking.
  • Missing public health and safety warnings on products.

Why Choose Social Legacy Partners?
Our seasoned compliance team has a proven track record in safeguarding cannabis businesses. With expertise in all aspects of compliance—from audits to licensing renewals—we help you avoid risks and build trust in the industry. By partnering with us, you gain peace of mind knowing your operations are running smoothly and in full compliance.

Take Action Today
Don’t leave compliance to chance. Whether you’re preparing for FDA regulations, managing daily requirements, or addressing infractions, Social Legacy Partners has the experience and resources to support you. Contact us to schedule a consultation and secure your cannabis business’s future.