What to know about the Regulatory Environment

Posted: May 6, 2021

Ongoing Ambiguity

In the United States, the ongoing ambiguity presented by the federal and state-level regulatory frameworks is a paramount risk for members of the legal cannabis industry. The Class 1 drug status at the federal level continues to present significant challenges and limitations to the cannabis industry.

While state-level regulations have provided the necessary frameworks for the industry to develop, the status of federal classification continues to be the roadblock to a robust and cohesive financial infrastructure that can support the potential growth and evolution of the industry. In Canada, regulations remain arduous and present significant challenges to scale.

The Viridis team stays current on all regulatory change and trends to ensure clients are protected and can adapt to the continuing evolution of regulatory conditions.

How can Viridis help?

We are entrenched in the industry and understand the complexities of the cannabis industry. We will:

  • Uncover opportunity
  • Provide personalized insurance coverage
  • Provide consultation to help you grow and scale