For Greg Meguerian, chief executive of The Reefinery in Van Nuys, state compliance and regulatory requirements have been a necessary headache for entrepreneurs looking to run a cannabis business above the board.

Regulations specific to the industry – including mandatory monthly reconciliation forms for inventory, state-issued stickers placed on every lab-tested product and navigating Metrc, a state-approved online platform designed to be the “track and trace” system for the cannabis world – costs a lot in both time and money...

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