Maryland Cannabis Compliance Guide

Cash controls

Cash-intensive operations need dual custody at every transfer point, sequential documentation, a written count procedure, safe and vault logs, and independent review. Controls that exist only in practice and not on paper do not survive an examination.

• Dual-custody counts with signed count sheets at shift change
• Segregation of duties between custody, recording, and reconciliation
• Documented armored transport and deposit procedures
• Independent monthly review of cash variances and voids

Recordkeeping and retention

Retain point-of-sale detail, seed-to-sale exports, inventory counts, payroll records, invoices, bank statements, and tax filings. A general retention standard of seven years is prudent, and longer where a tax position remains open.

Audit readiness

Being audit-ready means a stranger can trace any reported number back to source in a reasonable amount of time. Test that claim internally before a regulator does.