Adherence Colorado Launches Compliance and Inventory Tracking Company for Marijuana Industry

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Company's Software Provides Industry's First Enterprise Risk Management Platform

Adherence Colorado

By delivering compliance audit results in hours, compared to days or often weeks, we provide our clients with unprecedented value at an industry leading price. - Steve Owens, CEO

Adherence Colorado, a regulatory compliance and inventory management company for the marijuana industry, has announced its formal launch of operations and proprietary software that allows auditors to ensure that licensed marijuana businesses are in compliance with state and local laws. Adherence Colorado is now taking appointments for regulatory compliance audits, inventory reconciliations, business valuations, and other services.

"We're thrilled to be open in Colorado," said Steve Owens, founder and CEO of Adherence Colorado. "By delivering compliance audit results in hours, compared to days or often weeks, we provide our clients with unprecedented value at an industry leading price. If a license is not within compliance limits, the underlying business's value can be reduced significantly. For license owners, investors, and financial services and banking experts, it's imperative to know where the business stands in terms of risk and value. Our state-of-the-art process does this and more."

During regulatory compliance audits, Adherence Colorado uses its proprietary software to check the status of hundreds of regulations that medical and retail licensees must follow in order to remain in good standing with the Marijuana Enforcement Division of the Colorado Department of Revenue. Following an audit, licensees receive immediate access to their Adherence Compliance Score (ACS), which quantifies risk on the underlying licenses or assets, and a Detailed Compliance Report with line-item actions for licensees to complete in order to improve results on subsequent audits.

For its inventory reconciliation services, Adherence Colorado currently employs 11 licensed and badged auditors and consultants who work on-site with licensees to correct issues related to inventory control and tracking. Adherence Colorado also works with point-of-sales systems that provide transactional and package information directly to Marijuana Enforcement Tracking Reporting Compliance (METRC), the state's mandatory marijuana inventory tracking system. “When it comes to something as valuable as their business licenses, our clients find it really pays to work with us, and not try to do their compliance and inventory in-house,” said Owens.

Adherence Colorado currently conducts audits for dispensaries/stores, marijuana-infused product manufacturers (MIPs) and cultivation facilities, for both medical and retail licensees. Adherence Colorado also provides Valuation Analysis reports to determine the fair market value of licensed business operations, and Investor Request packages for licensees looking for additional funding or investment. To celebrate the launch, the company is offering a special rate for all audits conducted during the first quarter of 2015.

About Adherence Colorado
Compliance is science. Adherence Colorado provides regulatory adherence and revenue assurance services for the cannabis industry. Adherence Colorado conducts state-of-the-art, real-time compliance audits and inventory reconciliation for licensed medical and retail marijuana businesses, and the company's proprietary software also provides valuable information for banks, investors and insurers. For more information, visit: http://www.adherence-colorado.com or call: (720) 536-0667.

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Ali Randall
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