Legal and Supicious Activities Reporting

The dispensary has to electronically file a Legal Activity Report (LAR) with the Unit Accountability System (UNITAS) to apply for qualified entity compliance approval status. UNITAS collects legally required regulatory information about the cannabis entity operations so it can verify they are complying with local, state and federal regulatory agencies. The LAR is submitted to the Financial Crimes Enforcement Network (FinCEN) to report the investors economic investment capital transactions as supporting evidence for the Suspicious Activity Report (SAR) filing certification and "Marijuana Limited" designation required by the Banking Secrecy Act.