Tag Archives: Audit

Cannabis Tracking

Oregon Audit Reveals Weaknesses in OLCC Cannabis Tracking

Oregon Audit Reveals Weaknesses in OLCC Cannabis Tracking

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.

Minors Matt Maletis Policy Changes Ratified and Licensee and Video Series and Minor Decoy Checks Penalties Audit

OLCC Response to Secretary of State IT Audit: Improvements in Process, More Changes Planned, Implementation Scheduled

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.

Kate Brown and Federal Marijuana Policy and Oregon Liquor Control Commission

Secretary of State Dennis Richardson Releases Audit of the Oregon Liquor Control Commission

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.

Investors Are Betting Big Against Marijuana Stock Insys Therapeutics

Investors Are Betting Big Against Marijuana Stock Insys Therapeutics

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.

Maryland Auditor: Cannabis Commission Bungled Evaluation Contract

Maryland Auditor: Cannabis Commission Bungled Evaluation Contract

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.

mail

Audit: Postal Service Needs New Policies For Marijuana Found in Mail

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.

Michigan

Michigan Audit Reveals One Doctor Certified 11,810 Patients For Medical Marijuana

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.

NASDAQ

Massroots Inches Closer to NASDAQ Listing

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.

Terra Tech TRTC and KCSA and IVXX Agreement

Terra Tech Corp. Strengthens Corporate Governance

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.

CannaScore

CannaScore Launches Real-Time Compliance Software for the Cannabis Industry

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.


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