Contingency Plan

In the cannabis industry, a contingency plan is a documented strategy that outlines the specific actions a business will take to respond to unexpected, high-risk events. Unlike a general business “Plan B,” a cannabis contingency plan is often a mandatory regulatory requirement for licensing. As of 2026, these plans have become much more specialized, shifting from simple “fire and theft” protocols to complex strategies for managing federal rescheduling, debt crises, and sophisticated supply chain failures.