Compliance docs and licenses, organized in minutes — not weeks.
The data room purpose-built for cannabis businesses. Manage license applications, seed-to-sale records, and investor documents with enterprise-grade security across every jurisdiction.Set up in under 5 minutes.
No credit card required
Cannabis document management is broken
Between license applications, seed-to-sale records, and investor due diligence, cannabis operators juggle sensitive documents across too many insecure tools — while regulators demand complete audit trails.
License application chaos
State and local license applications require mountains of supporting documents — SOPs, security plans, financial statements — scattered across email threads and shared drives.
Compliance audit trails
Regulators require proof of who accessed compliance documents and when. Generic file-sharing tools lack the audit trail capabilities that cannabis regulators demand.
Banking and investor security
Federal legal status means banks and investors require extra document security. Sensitive financial records and operational data need protection beyond what standard tools offer.
Multi-state complexity
MSOs operating across states face different compliance requirements per jurisdiction. Managing separate document sets for each state is error-prone and time-consuming.
Built for how cannabis businesses actually operate
Peony gives you enterprise-grade security, AI-powered document intelligence, and complete audit trails — all at a fraction of legacy VDR pricing.
Organized folders, watermarked SOPs, and NDA-gated access
Structure your license applications by jurisdiction with dedicated folders for cultivation SOPs, dispensary operating procedures, security plans, and financial projections. Protect proprietary operations with watermarks and require NDAs before investors can review.
Per-jurisdiction folders
Organize state license applications, compliance checklists, and supporting documents into dedicated folders per jurisdiction. Never mix up California and Colorado filings again.
Watermarked SOPs
Every page of your cultivation SOPs and dispensary operating procedures is stamped with the viewer's identity. If a proprietary process leaks, you know exactly who shared it.
NDA-gated investor access
Require potential investors and partners to sign an NDA before viewing operational details, financial models, or expansion plans. Fully integrated e-signatures included.
Complete audit trails for every compliance document
Track every view and download of your Certificates of Analysis, track-and-trace records, and lab results with timestamped logs. Page-by-page analytics show exactly which sections regulators and compliance officers reviewed.
Page-by-page tracking
See which pages of your compliance checklists and lab results regulators spent the most time on. Understand what matters during inspections.
Regulator-ready logs
Exportable audit trails with timestamps, IP addresses, and device details. Prove exactly who accessed your seed-to-sale records and when — ready for any state inspection.
Auto-expiring access
Set access to automatically expire between audit cycles. Give inspectors temporary access to compliance documents without worrying about lingering permissions.
Search across SOPs, lab results, and regulatory filings
Stop digging through hundreds of compliance documents. Ask questions in plain English across your entire document library and get instant, sourced answers from your cultivation SOPs, Certificates of Analysis, and state-specific regulatory filings.
Chat with compliance files
Ask questions across cultivation SOPs, dispensary procedures, and regulatory filings. AI retrieves answers with exact source references from your documents.
State-specific requirements
Find specific compliance requirements by state in seconds. Search across all jurisdictions to compare requirements or locate the exact regulation you need.
Investor Q&A on autopilot
Let AI answer investor questions about your licenses, compliance status, and operational metrics 24/7. Track what they ask to refine your pitch.
"We'd been searching for a solution like Peony for ages, and it has completely transformed our workflows. What used to take hours every week is now effortless — Peony saves us so much time that we were finally able to move away from Dropbox Sign. It's been a total game changer!"
Akash Ghavalkar
Co-founder & COO, Third Space
Anthony Gale
Founder & CEO, PromoLens
"Not often I make recommendations, but I started using Peony to share presentations etc with external people. It works so well & makes us look really organized. We looked at DocSend etc. but the cost & clunkiness just put us off."
Frequently asked questions
What documents do cannabis operators need in a data room?
Cannabis operators typically store license applications, Certificates of Analysis (COAs), seed-to-sale tracking records, SOPs for cultivation and dispensary operations, financial statements, security plans, and investor pitch decks. Peony organizes these into per-jurisdiction folders with AI-powered search so you can locate any compliance document in seconds. Peony's auto-indexing automatically classifies uploaded files, applies OCR to scanned documents, and builds a full-text search index across your entire data room.
How does a data room help with cannabis license applications?
State regulators require extensive supporting documents for each license application, including SOPs, security plans, and financial projections. Peony lets you organize all application materials by jurisdiction, protect proprietary SOPs with dynamic watermarks, and share documents with regulators through NDA-gated links that track every page view.
Can state cannabis regulators access license compliance documents securely through a data room?
Yes. Peony provides temporary, permission-controlled access with full audit trails. You can set link expiry dates between audit cycles, track page-by-page regulator engagement, and export timestamped access logs for any state inspection. Peony secures all documents with AES-256 encryption at rest and TLS 1.3 in transit on SOC 2-ready infrastructure. Peony is GDPR, CCPA, and HIPAA compliant. Unlike legacy VDRs like Firmex, Peony sets up in under 5 minutes.
How do you prevent cannabis SOPs and trade secrets from leaking?
Peony stamps every page with dynamic watermarks tied to the viewer's identity, blocks screenshots of proprietary documents, and requires NDA signatures before anyone can view sensitive files. If a cultivation SOP or dispensary procedure leaks, you know exactly who shared it.
Is a cannabis data room compliant with state tracking requirements?
Peony provides exportable audit trails with timestamps, IP addresses, and device details for every document interaction. This satisfies state regulators who demand proof of who accessed seed-to-sale records and compliance documents. Peony also supports 2FA, granular permissions for multi-state operations, and controlled redaction to permanently black out sensitive financial figures or PII before sharing with counterparties.
How much does a data room cost for a multi-state cannabis operator managing license applications?
Peony offers a free plan ($0) with 2 GB of storage, Pro is $20 per admin per month with 200 GB, and Business is $40 per admin per month with unlimited storage. The Business plan ($40/admin/month) includes AI-powered Q&A, screenshot protection, and dynamic watermarks — a fraction of what Digify or Firmex charge. No per-viewer, per-page, or per-link limits on any plan, so costs stay predictable regardless of deal size.
Can investors review cannabis documents without downloading them?
Yes. Peony provides a secure browser-based viewer so investors can review financial models, license portfolios, and compliance documents without downloading anything. Page-level analytics show exactly which sections each investor spent time on, helping you refine your pitch.
How does Peony handle multi-state cannabis operations?
Peony supports separate data room folders for each jurisdiction, so MSOs can organize California, Colorado, and New York compliance documents independently. Granular permissions ensure each state team only accesses their relevant documents, and AI-powered search works across all jurisdictions simultaneously.
How do cannabis attorneys use a data room to share client documents securely?
For cannabis law firms and outside general counsel advising operators on DCC licensing, M&A transactions, or investor due diligence, Peony lets you run a separate branded data room per client engagement — each with its own folder structure organized by jurisdiction, NDA-gated access links that require signatures before any document is visible, and exportable audit trails proving who accessed which compliance filings and when. Peony's dynamic watermarks (Business, $40/admin/month) embed the viewer's identity on every page of proprietary cultivation SOPs and dispensary procedures — so if a trade secret leaks, counsel can trace it to the exact recipient. AI-powered Q&A on the Business plan lets attorneys search across an entire client document set in natural language, finding specific clauses in DCC filings or investment agreements in seconds instead of manually scanning hundreds of pages.
What data room features matter most for cannabis M&A due diligence?
For cannabis M&A advisors and attorneys managing buy-side or sell-side due diligence, Peony provides granular access controls so each party only sees their designated document set, NDA gating before any proprietary license portfolio or financial data is visible, and page-level analytics (Free) that show exactly which sections of the operating agreements or compliance filings each counterparty reviewed — critical for proving adequate disclosure in post-closing disputes. Peony's AI-generated due diligence checklists (Business, $40/admin/month) track uploaded vs missing documents with completeness scoring, so nothing slips through before signing. Exportable audit trails with timestamps and IP addresses create a defensible chain-of-custody record for every document interaction — replacing the manual access logs that cost firms $150-250/hour in paralegal time on legacy platforms like Firmex.
Can cannabis companies add their own branding to the data room?
For cannabis operators pitching institutional investors or banking partners who expect enterprise-grade professionalism, Peony lets you customize your data room with a branded cover image, company logo, and personalized link appearance — replacing generic Google Drive or Dropbox links with a secure, client-facing portal that reflects your brand. Cannabis law firms use the same branding features to present each client's data room under the firm's own identity, reinforcing credibility with regulators and counterparties. Full branding customization — including custom logo, custom welcome message, and removal of Peony branding — is available on the Business plan ($40/admin/month).