Software Allows States and Banks to Better Track Compliance for Marijuana Businesses

Adherence Information Management (AIM) today unveiled the Cannabis Regulatory Compliance (CRC) Portal solution, an innovative iPad and cloud-based application designed to help state and banking regulators in their efforts to supervise, monitor and manage marijuana businesses.

Built on the Apple Enterprise and AWS platforms, the AIM Cannabis Regulatory Compliance Portal provides regulatory authorities with visibility into the end-to-end marijuana compliance cycle. The solution utilizes a proprietary iPad App to securely capture and assess compliance points related to regulatory adherence and generally accepted accounting principles. Through the use of individualized reports and action plans, the licensee or marijuana business client can work to immediately improve compliance and financial performance.

“Regulators that must assess, track and manage compliance face a broad range of challenges, including process automation and standardization.” said Steve Owens, CEO of AIM. “The AIM Cannabis Regulatory Compliance Portal solution helps address those challenges by providing information and insight to support timely decisions and immediate actions. Moreover, our solution is very secure with encrypted data at rest and in-transit as we approach HIPAA-level compliance. Our CRC Portal supports predictive analytics and big data, and is deployable in a matter of weeks, not months. ”

AIM’s software-as-a-service solution is a flexible, modular platform that supports agency compliance cycles, including collection, scoring, ranking and reporting. The platform is designed for banking and state regulatory authorities that require a compliance supervisory program to monitor and report on marijuana businesses. It can be implemented quickly and cost-effectively through the use of Adherence’s rapid deployment model and supporting cloud-based technology.

About Adherence Information Management (AIM)
Adherence Information Management is the market leader in automated regulatory compliance solutions and revenue assurance services for the cannabis industry. AIM’s software is currently utilized in Colorado with more than 100 regulatory compliance audits delivered to date. AIM has operations in Colorado and Nevada and is currently expanding to Washington, Oregon and Arizona.