Adherence Colorado, a regulatory compliance and inventory management company for the marijuana industry, has announced its formal launch of operations and proprietary software that allows auditors to ensure that licensed marijuana businesses are in compliance with state and local laws.
"We're thrilled to be open in Colorado," said Steve Owens, founder and CEO of Adherence Colorado. "By delivering compliance audit results in hours, compared to days or often weeks, we provide our clients with unprecedented value at an industry leading price.
"If a license is not within compliance limits, the underlying business's value can be reduced significantly," Owens said. "For license owners, investors, and financial services and banking experts, it's imperative to know where the business stands in terms of risk and value. Our state-of-the-art process does this and more."
According to Adherence Colorado, this is the first enterprise risk management (ERM) platform designed specifically for licensed medical and retail (recreational) marijuana businesses, providing license owners, banks and investors with valuable information about where the business is most at risk. Adherence Colorado says its software is scalable and can be customized to any state's regulatory compliance and inventory tracking system.