How California Can Inform Cannabis Businesses in New Markets: Building it better from the start

Presented By:

Tymofey Wowk, Vice President of Strategic Business Development/Co-Founder , Clean Technique, LLC

In California, cannabis companies suffered from a unique regulatory paradigm where 20% of products failed laboratory analysis tests. New markets, such as Massachusetts, enjoy the opportunity to instill quality at the outset. Companies need to build it better from the start, using three dimensions of quality that are commonplace in other vertical industries: Current Good Manufacturing Practices (CGMP), Quality Management Systems (QMS), and Cost of Quality (CoQ). The combination of these frameworks can be tailored to the needs of any cannabis manufacturer. CGMP requirements are flexible so each manufacturer can decide how to best implement necessary controls to achieve higher quality through continual improvement, directly aligning with the objectives of a QMS. Companies who both have a QMS and use a CoQ concept are more successful in reducing quality costs and improving quality for their customers. Quality always sets a brand apart, and this opportunity is ripe for the picking.