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Home 🌿 Cannabis Technology News 🌿 CannaScore Compliance Auditing for Cannabis-Related Businesses, Used By Banks and Financial Institutions 🌿

CannaScore Compliance Auditing for Cannabis-Related Businesses, Used By Banks and Financial Institutions

Submitted by Marijuana News on Tue, 11/15/2016 - 08:45

CS Compliance Systems (www.cscomply.com), developers of CannaScore (www.cannascore.net) - the world's first real-time regulatory compliance auditing application for the cannabis industry, announced its system is now in use by banks and financial institutions.

The CannaScore Agent program has been used by professional consultants since 2015, to help cannabis-related businesses (CRBs) avoid fines, suspensions, and even loss of a business license. By demonstrating compliance with regulations through the CannaScore Agent program, CRBs can gain access to capital and services from investors, banks, brokers, landlords, lawyers, and CPAs.

The tool also won the Technology of the Year Award in 2015.

CannaScore uses a regulatory compliance database, easy to use interface, a weighted scoring system (like a FICO score), and automated reports to assess a CRB's compliance with state and local regulations.

Several banks and financial institutions are now using CannaScore to conduct audits...

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