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Christine Baily (Courtesy photo)
Cannabis businesses developing new products face a significant challenge: navigating evolving state regulatory compliance standards.
For a cannabis business, one potential risk of new product development is that state regulators will determine the new product does not comply with existing standards.
Even if a business develops a product that satisfies current standards, there is always a possibility the regulator will change those standards.
Marijuana businesses pursuing product development have the option to challenge regulatory requirements and enforcement actions that undermine innovation.
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Enforcing regulations
State regulators’ authority to set standards for licensees comes from their legislatures.
In emerging industries such as cannabis, where there’s
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