This presentation will focus on the legal and regulatory risks facing the cannabis industry as a result of inconsistent, onerous, and confusing laboratory testing regulations. the broad divergence between different state regulatory regimes, which mandate the use of very different sampling protocols, chromatographic techniques, and even differing THC concentrations, creates additional uncertainty for responsible, law-abiding companies that wish to enter the market. Anyone interested in entering the cannabis market must be aware of these differences, and understand the risks that arise from differing federal, state, and local laws.