As cannabis is legalized across the country, manufacturers are searching for ways to legitimize their products through packaging. Currently, the industry is comprised of a patchwork of state-level regulations that regulate taxes, manufacturing, methods of consumption, labeling and more. Cannabis industry professionals believe that setting a national standard for labeling will empower consumers to purchase their products and ease the minds of potential customers.
With legalization on the horizon, manufacturers see long-term value in establishing labeling practices that consumers and regulators understand and trust. That’s why companies like CLS Holdings USA Inc. (OTCQB: CLSH) is working to implement comprehensive standards for the legal cannabis industry.
Strict Adherence to Regulation Language
The Cannabis industry must take the ambiguity out of regulations requirements. Language that gives companies room to avoid important requirements must be eliminated. To create strict regulatory guidelines, all companies must be held to the same standards with comprehensive language and strong verbiage like ‘must’ and ‘always.’
Process and Procedures
Standard operating procedures are at the heart of best practices for any industry. If manufacturers, investors, and advocates want to expedite federal legalization, then the industry must prove that it is a serious contender with concrete standards. Uniformity in production, testing, risk, distribution, and other procedures are the backbone of a company and ensure its continued existence beyond the original entrepreneurs.
Third-Party Verification
Consumers must trust that cannabis companies are trustworthy. This trust can only come from third party verification. They must believe that the products they are purchasing have been independently tested and certified by a third-party lab. This gives products more legitimacy.
Use Familiar Label Techniques
CLS Holdings is using the FDA’s regulations on labeling for other products to develop standards in anticipation of federal legalization. The company is giving the cannabis consumer a detailed profile of the nutritional facts and contents of its products.
Marijuana Merchant Account (MMA) offers a variety of marijuana payment solutions like debit cards, credit cards, and more. We are a leading source of medical marijuana payment processing and recreational marijuana payment processing. Be prepared for full legalization with consumer trusted standards and consumer trusted payment solutions.
Contact us at to open Medical Marijuana Payment Processing today
