The Federal Controlled Substance Act still classifies cannabis as a Schedule I drug along with cocaine and heroin and its use remains a federal criminal act. The States have moved forward with significant moves regulating cannabis use for medical and personal use despite the Federal law. Despite cannabis being illegal under Federal law, 40 US states have passed cannabis laws to regulate its use in some form. Of those, 25 states and the District of Columbia have legalized use of the marijuana plant for medical purposes and recreational marijuana use by adults is legal in 6 states. The laws surrounding the growing, production, and sale of cannabis are changing and often unclear - to law enforcement, local government, and the businesses who dispense it.
A cannabusiness license verification solution builds a network that helps the cannabis industry fight against this stigma of black market operations, and protects legal cannabis entities operating within the rules and regulations set forth by the state and local governments. A transparent and visible global cannabis industry cultivating a higher standard of trust for the evolving cannabis world.
A regulated network that allows government and the cannabis industry to work together in harmony. At the government level, it is critical to identify each business and employee involved in a transaction, ensuring accurate sales and payroll taxes reported or reviewed in audits. Most importantly the safety of the millions of cannabis consumers who demand safe high-quality products for consumption. As a cannabusiness, it is important to protect not only yourself but your business against law enforcement. Avoiding heavy fines, penalties and taxation that could jeopardize your legal cannabis business.