Avenu Addresses Oklahoma Government on Audit Implications of Medical Marijuana

Avenu’s Fran Mancia (right) and Jonathan Gerth, Esq. (second from right) briefed Oklahoma’s appropriations committee last week regarding what to expect now that the state legalized the retail sale, cultivation and distribution of medical marijuana. The state’s senators were interested in hearing about Avenu’s experience in conducting about 100 audits of medical marijuana businesses in California. These unique cash businesses encounter difficulty banking due to federal laws, they tend to have weak internal controls and point-of-sale software compatibility, and don’t usually have obvious audit trails.