Makers of a regulatory and operational compliance platform for the cannabis industry have launched their software in New Mexico ahead of adult-use sales.
On Tuesday, Denver, Colorado-based Simplifya announced the launch, which expands the company’s reach to 24 states.
Simplifya’s Compliance Suite
The company says its suite of services delivers comprehensive and proven risk mitigation to help cannabis companies stay compliant as New Mexico moves into the adult-use market.
Simplifya says it designed its SOPs to help ensure cannabis businesses run efficiently, effectively, and legally.
The Simplifya Smart Cabinet is a user-friendly online document storage hub that can help eliminate the stresses and worries of organizing and storing critical documents.
Based on the license type, Simplifya’s Smart Cabinet gives businesses a cheat sheet of every document they need, control over their access, and the ability to assign them to employees.
The Smart Cabinet can also remind users when a document needs updating.
Simplifya says its team of lawyers and regulatory analysts review state and local regulations to create a compliance checklist for its Self Audit.
According to Simplifya, if the Self Audit identifies an area of non-compliance within a company, employees can create an action to solve the issue, assign it, and track the task to completion.
Users can store corrected results in a Remediation Report for reference or future use.
“The upcoming recreational market in New Mexico has many in the industry eager to get a foothold, but like any other newly legalized state, regulations are complex,” says Simplifya Co-Founder Marion Mariathasan. “Simplifya is designed to help new and existing operators stay compliant amid a rapidly shifting regulatory landscape.”
Because compliance isn’t negotiable in the cannabis industry, Mariathasan says using a comprehensive solution like Simplifya is a best practice for risk mitigation.
New Mexico and Cannabis
New Mexico passed emergency legislation in 1978, signed by then-Governor Jerry Apodaca, to permit medical cannabis use through a federal research program.
The state expanded medical cannabis use in 2007 when then-Governor Bill Richardson signed the Lynn and Erin Compassionate Use Act.
The Act allowed doctors to recommend cannabis for patients with certain medical conditions.
Simplifya, citing state data, says there are already 34 licensed nonprofit vertically-integrated medical cannabis operators in the state.
There are also more than 120 dispensaries across New Mexico.
Simplifya says interest in the New Mexico adult-use market is high as the state’s Cannabis Control Division received more than 900 applications for adult-use licenses in August.
Adult-use sales will begin in New Mexico no later than April 1, 2022.