It is important for commercial cannabis businesses to understand the risks they will likely encounter. As a result of that understanding, the commercial cannabis business should develop a strategy to mitigate and manage those risks; this is in the form of a risk program.

A risk assessment is the foundation of a well-designed risk program. A commercial cannabis business will use a well-developed risk assessment to identify its unique risk profile. After the risk profile has been analyzed, a commercial cannabis business identifies the appropriate risk management strategy to effectively mitigate identified risks. ACCCE’s risk assessment process enables management to better identify and mitigate gaps in a commercial cannabis business’s risk program.

Using common high-risk areas that commercial cannabis businesses are expected to mitigate creates an efficient way to express risk. These high-risk areas are comprised of risk drivers that identify the root causes, which normally drive risk. ACCCE has identified the most common risk areas and risk drivers.