Oregon’s cannabis market has been scrutinized over the past year and with the recent release of a state cannabis audit, scrutiny of the state’s cannabis tracking and licensing systems has intensified.
Tag Archives: Audit
PORTLAND, Ore., Feb. 7, 2018 /Weed Wire/ – The Oregon Liquor Control Commission values transparency and acknowledges that many of the findings released today in the Oregon Secretary of State’s Information Technology audit of the OLCC accurately reflect the current condition of the agency’s IT portfolio, but that the overall health of the agency’s IT infrastructure remains sound.
SALEM, Ore., Feb. 7, 2018 /Weed Wire/ — Today, Secretary of State Dennis Richardson released an audit of The Oregon Liquor Control Commission (OLCC). The audit titled: Cannabis Information Systems Properly Functioning but Monitoring and Security Enhancements are Needed found that OLCC has taken positive steps to establish information systems for recreational marijuana regulation.
As of April 13, 2017, more than 10.4 million shares of Insys Therapeutics (NASDAQ: INSY) were sold short. That’s 44% of the marijuana stock’s float. Investors have clearly bet big against Insys, anticipating that the stock will sink.
On May 3, 2017, the Maryland Office of Legislative Audits released a fiscal compliance audit of the state’s regulatory services, including an examination of the Maryland Medical Cannabis Commission’s contracting of Towson University’s Regional Economic Studies Institute to process and evaluate applications for cultivation, processing and dispensing.
An audit of the U.S. Postal Service calls for new policies to secure marijuana found in the mail. The audit, finished in October 2016, was based upon visits to seven USPS facilities earlier in the year. It found packages containing marijuana in places like an unlocked cage, an unlocked office and on an unguarded table.
A new audit of Michigan’s medical marijuana program revealed one doctor certified 11,810 patients for medicinal pot in fiscal year 2015, according to an article in the Detroit Free Press. The numbers of certifications coming from small numbers of doctors has raised a red flag with Michigan Auditor General Doug Ringler.
The report released Thursday by Michigan Auditor General Doug Ringler found that 22 other physicians certified a combined 46,854 medical marijuana patients, or 56% of the total for the 2015
On Feb. 8, 2016, jury selection is slated to begin in the trial against an IRS agent accused of soliciting a bribe from Have A Heart Compassion Care, a medical marijuana dispensary in Seattle.
While there has been a significant victory in Oregon to open up delivery services and challenges to the status quo are taking place in banking, the most promising development for everyday investors is the ongoing effort to open up the public markets to marijuana firms.
NEWPORT BEACH, Calif., Nov. 5, 2015 /PRNewswire/ — Terra Tech Corp. (OTCQX:TRTC) (“Terra Tech” or the “Company”), a vertically integrated cannabis-focused agriculture company, today announced that the Company’s Board of Directors (“the Board”) has initiated several enhancements to its corporate governance program to assist the Board in the exercise of its responsibilities to the Company and its stockholders.
DENVER, Oct. 7, 2015 /Weed Wire/ — CannaScore (www.canna-score.com), the developers of the world’s first real-time compliance software for the marijuana industry, announced that its patented cannabis compliance auditing system is now available.