Commercial cannabis businesses should identify the relevant risk areas. Each risk area will be relevant in the risk assessment. Where a risk area does not appear to apply to your business, you should document why the risk is insignificant or low. This documentation will assure third parties the risk area was appropriately assessed.

Rather than attempting to solve risks independently, the industry is better able to address common risks as a group by standardizing the risk areas and identifying the drivers of risk. Further, the risk areas are used by other highly regulated ancillary businesses. Linking commercial cannabis business risk analysis to the risk analysis performed by necessary ancillary businesses creates value across commercial cannabis business verticals and company vendors.