Introduction The cannabis industry remains fixated on compliance, but not in the right way. Heavy regulations and looming financial consequences have created a paradoxically cost-avoidant approach to compliance: invest capital to protect against more significant loss. It’s a zero-sum-game– read growth-regressive standard –reinforced across all industry verticals. It needs to change immediately. I’d wager compliance […]
METRC
Michigan medical marijuana stores halt sales due to computer glitch
Michigan medical marijuana dispensaries were unable to complete sales Tuesday, Feb. 18, due to a malfunction with the statewide tracking and monitoring computer system. The “patient lookup is down,” Marijuana Regulatory Agency spokesman Matthew Erickson confirmed Tuesday night. “We are working with Metrc to remedy the problem.” The problem doesn’t appear to have impacted recreational […]
California’s Mandated Track and Trace System: Is it Helpful or Harmful?
The California Cannabis Track-and-Trace (CCTT) system, which became operational for businesses with full annual licenses in January 2019, is a major milestone to further legitimize our industry. However, the newly mandated regulations have done more to hinder the legal marketplace than boost it. Convoluted daily logistics, lack of complete accountability, as well as the limited […]
Cannabis Track and Trace Is A Disaster Waiting to Happen—and Not for the Reasons You Might Think
By Griffen Thorne, Attorney at Harris Bricken Most states’ regulated cannabis regimes require licensed cannabis companies to use seed-to-sale track-and-trace software. In California, the state has contracted the entire track-and-trace program to the METRC program. The METRC program isn’t yet fully implemented because many operators don’t yet have annual licenses. Our California cannabis attorneys frequently […]
Mom & Pops are Making it Happen in Maryland: Charm City Medicus
Recently, CBE has focused its company stories on large licensee consolidators primarily due the public funding efforts of many of them. We recognize that the licensed marketplace is still, for the large part, composed of smaller start-ups that are serving patients in their respective markets and wanted to share the story of Charm City Medicus, […]
Metrc, A Cannabis Regulatory Track-and-Trace Solution, Secures $50 Million for Growth Funding
PRESS RELEASE Tiger Global, Casa Verde Capital back the leading cannabis track-and-trace system October 24, 2018 (Lakeland, FL) – Metrc announced today that it closed a $50 million funding round led by Tiger Global Management and Casa Verde Capital. Metrc develops supply chain driven track-and-trace systems, built as a turnkey solution for cannabis regulators. Designed […]
Beware of Bad Actors: Vet Your Consultants
When it comes to launching a cannabis business in 2018, there are a million things you need to factor in to even get a license, let alone launch a successful operation. Whether you’ve been in the industry for six months or six years, a consultant is a popular approach to navigating the newly implemented rules […]
California Seed-to-Sale Contract: Holy Cow!
A couple of weeks ago, CBE published Seed-to-Sale Scorecard: METRC’s Big Year. But at the time, we had yet to put our hands on the contract, that in our eyes, has put Franwell so far ahead of the pack in terms of revenue and working capital, that catching-up will be extremely difficult for the only other state […]
Colorado Awards Historic Marijuana Transporter Licenses to Green Parcel Service (GPS)
PRESS RELEASE GPS is the first company in Colorado to receive both medical and retail transporter licenses under state law; licenses allow GPS to provide logistics, handle distribution, and store marijuana and marijuana products Colorado transporter licenses are believed to be the first independent cannabis distribution licenses in the U.S. DENVER, CO – Green Parcel […]
Seed-to-Sale Competition Heated-up in 2015. Expect it to Intensify This Year
As we moved into the New Year, one thing was abundantly clear. The competition for the hearts and minds of Producer, Processor and Retail (PPRs) licensees seed-to-sale software and state trace-ability systems which was very competitive in 2015, was shaping up to become a no holds barred melee in 2016 between BioTrackTHC, Franwell METRC and […]
