Operational Risk Services

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Running a small to medium size business usually does not require full time internal audit or operational risk personnel. Since your staff often undertake many roles and responsibilities simultaneously, it is good practice to determine that your business is running effectively and in compliance with the applicable regulations. Cannabis Compliance Consulting Services can act as your outsourced internal auditors and operational risk team. 

We will work with you to define what your unique objectives of the review should be, what you want to achieve and what the associated deliverables should be. We will identify the risks of your business model as they relate to the regulations, review your operating manuals and prepare a gap analysis with recommendations to improve your processes. 

Our staff includes  CPAs, anti-money laundry certified personnel, and regulatory and operational expertise

We typically concentrate on the following areas of risk:

• Maintenance of current and required records
• Theft by third parties
• Proper notification to law enforcement or regulatory agencies regarding reportable events
• Proper training
• OSHA compliance
• Proper storage of products in secure areas
• Proper transportation procedures
• Inventory   Diversion by internal personnel 
• Proper video surveillance
• License Renewal
• Proper Standard Operating Procedures (SOPs)
• Protection of patient data
• Regulatory reporting
• Sample testing
• Security protocols
• Cash management