The cannabis industry is maturing at a rapid pace. Successful companies will require knowledgeable people, a complete set of standard operating procedures, and integrated technology infrastructure to comply with federal and state regulations. Until federal laws are approved and implemented over time, cannabis operators must comply with state-by-state regulations. This fragmentation makes it challenging, especially for multistate operators.

A cannabis company is like any other company; it must have all the correct functional groups and resources that are experts at that function and how to apply it to the cannabis world. The cannabis industry, in many ways, is still a clean canvas waiting for new and creative product ideas. We already see many of them in today’s market — from the farm to the processor, manufacturer, distribution, and retail dispensary — that are underpinned by technology infrastructure.