A cannabis software platform company has released a guide to help businesses across the United States navigate regulations.
Denver, Colorado-based Simplifya today announced the expansion of its regulatory and compliance toolbox with the launch of the Simplifya Market Guide.
Simplifya recently expanded nationwide operations by offering compliance solutions to cannabis businesses in West Virginia last week and Virginia in August.
Tools for Regulation Navigation
Simplifya says its new Market Guide gives cannabis and cannabis-related businesses comprehensive and user-friendly regulatory summaries of regulatory requirements in all 50 states.
The Guide covers topics such as governing law, banking, taxes, ownership requirements, licensing, insurance, background checks, permitted products, potency restrictions, supply chains, marketing regulations, and additional investor requirements.
Simplifya CEO Marion Mariathasan says there can be dramatic differences in cannabis regulations in legal states, and the regulatory environment continues to be severely fragmented.
“Regulations are constantly changing, making it even more challenging for not only owners and operators, but also banks, financial institutions, insurers, law firms, and other ancillary businesses, to stay on top of the latest regulatory requirements,” says Mariathasan. “With many of these entrepreneurs conducting business in numerous states, having a real time, comprehensive and easy-to-use snapshot like Simplifya Market Guide at their fingertips alleviates these headaches while also saving clients time and money, so they can remain focused on their core business.”
According to Simplifya, in-house regulatory experts and software engineers monitor state regulations and continuously update the Market Guide with the latest content.
As a result, users can receive regular updates and alerts regarding regulatory changes.
Archived content within the Market Guide is also available in a digestible format.
A Personalized Experience
Using a subscription model, Simplifya offers the Market Guide at varied pricing, depending on how many state profiles a user wants to access.
Simplifya offers discounts for anyone needing multi-state and national information feeds.
Simplifya developed the Market Guide with the expert assistance of the Vicente Sederberg cannabis law firm.
Brian Vicente co-authored Amendment 64, the successful 2012 ballot measure that legalized cannabis in Colorado.
Simplifya says that, as it expands the platform’s offerings, it plans to partner with other regulatory, tax, legal, and other experts like Hub International, Burns & Levinson, and CohnReznick.
“As we continue to expand our portfolio of regulatory and compliance services,” says Mariathasan. “We remain committed to innovating tools that simplify compliance issues and deliver added value to our clients while helping them to streamline their operations.”