Marijuana Industry Regulation… More or Less

regulationchain-300x300Several recent compelling arguments have been made about the regulation of the cannabis industry. Reports in USAToday, The Denver Post, and The Oregonian, state that current methods for testing cannabis potency is yielding inconsistent results, which could potentially result in consumers not knowing the strength of what they are smoking or ingesting. The conclusion one may draw from these reports is that the industry needs more regulations to address these issues.

An Op-Ed piece in the Denver Post suggests that the industry is already over regulated. Tyler Henson, president of the Colorado Cannabis Chamber of Commerce, wrote: “Politicians in Denver continue to call for an over-regulated new cannabis market that only bolsters black-market activity… Already, every recreational edible product is sealed in a childproof container, has a warning label, and provides specific, tested dosage information. The cannabis industry has willingly supported and complied with each of these steps as we work together for continued public education and safety.”

At Sage Analytics, we try to see the issue from all sides. We believe in accurate testing that produces consistent, reliable results. We believe that with the implementation of new testing technologies, the cannabis industry will be able to meet the same stringent standards as the pharmaceutical industry, and provide consumers (and regulators) with products that are labeled with accurate potency values.

As one person recently said, “You wouldn’t accept it if you bottle of Tylenol was labeled, ‘100mg, plus or minus 30%,’ and you shouldn’t accept it on your cannabis, either.”

On the other hand, we believe that the best course of action is for the industry to “self-regulate” to the highest degree possible, and that by enacting tough-but-sensible rules for all to follow, the industry has the greatest chance of growing and flourishing.

What do you think? We’d love to hear from you. A continual dialog on this subject is beneficial to all parties in the cannabis eco-sphere.

Write to us at: SageAnalyticsComments (at) gmail.com. We will report back (and possibly include your comments) and keep the discussion alive in future blog posts.

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