The gatekeepers must be vigilant. You must see the problem.

Oklahoma cannabis industry, 2022. OMM finds that Scale laboratories has falsely passed samples, manipulated records, and ignored their own written procedures. And now their license is suspended, and investors’ money is in peril. The issue was brought to light by a spot inspection conducted by Oklahoma authorities.

The fallout is enormous- Ninety-nine products recalled from thirty-three businesses. Consumers are having to be contacted, dispensaries too. Another costly recall is already underway. Lawsuits are likely to follow. The consumer needs to be protected and risk must be identified.

To avoid costly fines and adverse license actions, businesses must have a risk management program and appropriate compliance controls and internal audit procedures in place. I would not be surprised if this business goes out of business.

Your business intelligence needs to be clear, Clarion clear.