The bill addresses the requirements set forth in Section 18 of Chapter 94G of the Massachusetts General Laws regarding the annual reporting obligations of the Cannabis Control Commission (Commission). It mandates that the Commission file a report with the Massachusetts House and Senate Clerks that includes the number of audits performed, a summary of the findings from those audits, and the cost associated with each audit.

Currently, the Commission has not conducted any audits due to a lack of necessary funding to hire a vendor with the appropriate expertise. The bill emphasizes the need for additional financial resources to ensure that audits can be performed in accordance with the generally accepted auditing standards established by the American Institute of Certified Public Accountants.