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Integrated Cannabis Risk Management (ICRM)

An integrated cannabis risk management program is a comprehensive approach to identifying, assessing, and mitigating risks associated with the cultivation, sale, and possession of cannabis. Following these best practices can help ensure the success of an Integrated Cannabis Risk Management (ICRM) program:

Define the scope of the ICRM program:

Determine which areas of the organization the program will cover, as well as the types of risks that will be addressed.

Identify the key stakeholders:

Identify all the individuals and groups within the organization who will be affected by the ICRM program, as well as those who will be responsible for implementing and maintaining the program.

Establish a risk management committee: 

Create a committee of key stakeholders to oversee the development and implementation of the ICRM program. This committee should be responsible for setting risk tolerance levels and establishing risk management policies and procedures.

Develop a risk assessment process: 

Establish a process for identifying, analyzing, and prioritizing risks based on their likelihood and impact on the organization.

Implement risk control measures:

Implement risk control measures: Based on the results of the risk assessment, implement controls to mitigate identified risks. These controls could include policies and procedures, training programs, or technology solutions.

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Monitor and review the ICRM program: Regularly review and update the ICRM program to ensure it is effective in managing risks and aligned with the organization's risk tolerance levels.

Communicate the ICRM program: 

Ensure that all stakeholders are aware of the ICRM program and their role in supporting it. This could include providing training or creating communication materials to promote a culture of risk awareness within the organization.

By following these steps, an ICRM program can be developed and implemented that effectively manages risks within a high risk tolerant cannabis culture.


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