15 March 2017

 

The marijuana industry is getting ready to take a step forward in its venture for validity and long-term stability.

The American Society for Testing and Materials (ASTM International) recently announced that it will put a committee of industry representatives and experts together to create a set of guidelines in six technical areas:

  • Indoor and outdoor horticulture and agriculture,
    Quality management systems,
    Laboratory standards,
    Processing and handling,
    Security and transportation,
    Personal training/ assessment and credentialing.

 

  • ASTM International’s announcement is welcome news to an industry that operates with no federal oversight. Uniform standards should provide additional assurance to insurance carriers, the medical community, and the federal government as the pathway to full legalization continues. There are definite benefits to the marijuana industry from the creation of published standards, which should assist manufacturers and distributors in establishing baselines for testing and quality control, provide practitioners and dispensaries a standard by which to prescribe and dispense, and allow insurers to better underwrite the risks being covered.
  • ASTM International’s announcement is welcome news to an industry that operates with no federal oversight. Uniform standards should provide additional assurance to insurance carriers, the medical community, and the federal government as the pathway to full legalization continues. There are definite benefits to the marijuana industry from the creation of published standards, which should assist manufacturers and distributors in establishing baselines for testing and quality control, provide practitioners and dispensaries a standard by which to prescribe and dispense, and allow insurers to better underwrite the risks being covered.
  • The advancement and stability of the marijuana market stands to improve when insurers are more confident in the ability to use objective risk management metrics through accepted practices and standards for analysis, manufacturing, and transportation of these products. This should encourage more carriers to write policies for the cannabis industry.
    Pesticides – Distributors, prescribers, users, and insurers want to be assured their product is free of toxic sprays and treatments.

Contaminates – Distributors, prescribers, users, and insurers need assurance that the products are free of contamination, such as mold, bacteria, yeast, and other microorganisms. There is growing demand from medical cannabis patients for higher-quality packaging that either displays an expiration date or provides greater protection from oxidation and degradation over time.

http://marijuanastocks.com/marijuana-industry-takes-a-step-forward-to-validity-and-long-term-stability/