Top Marijuana Inventory Concerns

Top Marijuana Inventory Concerns

“If you can’t inventory it, how can you account for it?”

Marijuana Inventory accountability is the most frequent infraction encountered during  compliance inspections of cannabis operations. More often than none marijuana businesses fail one or more inventory requirement at the state level for the following infractions:

State-mandated inventory system tracking does not match applied State DOR tax payments

More than 7 days without daily sales entries

Incoming inventory packages discontinued within a 7-day window

  • Any inventory adjustments over 14 grams made to a single item
  • Any inventory adjustments over 3 grams made to 15 or more items within 24 hours
  • Any package that is on premises for more than 5 months, some exceptions apply
  • More than 75 plants destroyed over a monthly period
  • Ten (10) more more plants in immature, vegetative or flower states, over 4 month period

Inventory violations can be costly on many fronts and something serious to consider, meaning an operational license can receive one violation for the error or omission and one violation for conduct while using the state-mandated inventory tracking system. Some government agencies have access to inventory traceability reports that the businesses owners and staff do not. Non reconciled marijuana inventory, it’s only a matter of time until regulatory authorities uncover the discrepancy. Its suggested to be thorough and help to ensure the most costly infractions are mitigated or removed.

 

 

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