California has a newly regulated cannabis industry and, in order to make its licensing process faster and more convenient, the state will be using a state-of-the-art accountability and management system and compliance software from Simplifya. Simplifya is a leading developer of regulatory compliance software.
Simplifya has already started rolling out its software services for California’s cannabis industry. This compliance system or software makes it easier for businesses, financial institutions, law firms, consultants, and regulatory agencies to oversee cannabis license operations and make sure they are in compliance with local and state regulations.
The compliance platform distills complex local and state regulations into much simpler yes-or-no questions in order to identify areas of non-compliance, hold public employees accountable for remediation, and generate audit and management reports.
This compliance tool also includes audit content for guidelines that have been developed by the state’s main regulatory agencies: the Cannabis Regulatory Authority, the Bureau of Cannabis Control, the Department of Food and Agriculture, and the Department of Public Health.
“Right now, cannabis companies in California have a lot on their plates and Simplifya’s compliance system makes all the new rules and regulations less overwhelming and much easier for them to digest. Aside from saving business owners time and money, Simplifya’s compliance tool also provides them peace of mind by helping them keep their operations current with the evolving regulations and by streamlining the overlap between license types and jurisdictions.” – Marion Mariathasan, Simplifya co-founder and CEO
What’s more, the new system includes a feature that will help cannabis companies develop their own standard operating procedures. Cannabis firms need to have these SOPs in place when they apply for a business license.
A report released by the California Growers Association last week stated that California has so far granted licenses to less than 1% of its known cannabis growers. The CGA’s report cited regulatory barriers as a huge obstacle to the licensing process.
California has legalized both medical and recreational cannabis. However, the state just launched its recreational cannabis market and started sales of recreational pot this year.
According to Marion Mariathasan, Simplifya co-founder and CEO, cannabis companies in California presently have a lot on their plates and Simplifya’s compliance system makes all the new rules and regulations less overwhelming and much easier for them to digest. He said that aside from saving business owners time and money, the compliance tool also provides them peace of mind by helping them keep their operations current with the evolving regulations and by streamlining the overlap between license types and jurisdictions.
Well-developed SOPs are very critical to obtaining a state business permit, as well as to keeping it, said Nik Patel of Mammoth Distribution, which is one of the biggest cannabis vape distributors in the state. He likened Simplifya’s SOPs to a roadmap to maintaining compliance to state regulations.
Simplifya and Colorado
Simplifya has been helping cannabis companies in Colorado since 2016. In fact, it launched its groundbreaking cannabis compliance platform in Colorado.
Some of the most recognized cannabis licensees in Colorado are currently using Simplifya as their compliance solution. Several local companies there are also doing self-audits using the Simplifya software.
Leveraging the cannabis industry’s most updated database of regulatory guidelines, the Simplifya software simplifies and streamlines the audit process, thus reducing both time and cost involved.
Founded in 2016, Simplifya is based in Denver, Colorado, and claims to be the industry’s leading cannabis compliance software firm. The company was founded by partners from the law firm Vicente Sederberg, which spearheaded Colorado’s Amendment 64 campaign (the campaign to legalize recreational cannabis), and by investors who have proven track records in the field of technology start-ups.
Simplifya’s cloud-based tablet, smartphone, and web app work together to simplify and expedite the process of staying in compliance with local and state regulations.
After servicing in Colorado and California, Simplifya plans to launch in several other states where cannabis has already been legalized.