Regulatory Compliance Flashcards

Under METRC regulations, what is the maximum time a licensee has to report a plant tag that has been lost or destroyed?

Answer: 24 hours

Licensees must report lost or destroyed plant tags to their state cannabis authority within 24 hours of discovery.

A dispensary receives a transfer manifest showing 100 units but physically counts only 97. What is the correct METRC action?

Answer: Record a manifest discrepancy and notify the regulatory authority

Any discrepancy between the manifest quantity and the physical count must be documented as a manifest discrepancy and reported to the regulator.

Which METRC package status indicates that a package has been accepted by the receiving licensee?

Answer: Accepted

The 'Accepted' status is assigned to a package once the receiving licensee confirms receipt in METRC.

When a cannabis business closes permanently, what must be done with all METRC tags in inventory?

Answer: Tags must be returned to METRC or the state authority

Upon license surrender or revocation, unused tags must be returned to METRC or the issuing state authority per decommissioning requirements.

In METRC, a 'UID' refers to which of the following?

Answer: Unique Identification number assigned to each tag

UID stands for Unique Identification number, which is the barcode identifier on every METRC plant and package tag.

A cannabis retailer sells a pre-roll package to a customer. Under METRC compliance, the package must be recorded as which type of transaction?

Answer: Sale

Retail transactions to end consumers are recorded as 'Sales' in METRC, reducing on-hand inventory accordingly.

Which entity is responsible for funding and administering the METRC system in a given state?

Answer: The state cannabis regulatory authority

The state cannabis regulatory authority contracts with Metrc LLC and administers the tracking system for all licensees within its jurisdiction.