1. Scope

Keywords

Rationale

The new standard for Cannabis or Hemp Asset Lifecycle Management is needed to ensure efficient and effective management of physical assets within these rapidly growing industries. As these sectors continue to expand, the standard becomes increasingly critical to ensure regulatory compliance and uphold the quality of operations. The standard will provide comprehensive guidelines for the acquisition, utilization, maintenance, and disposal of physical assets. It will be primarily used by cultivators, processors, manufacturers, and retailers in these industries, especially those responsible for asset management. The standard's focus is to ensure that the management of these assets aligns with quality management principles, thereby maintaining the high standards of operations and products in the cannabis and hemp industries.