Some companies lost hundreds of thousands in sales, forcing them to furlough some workers SEATTLE (AP) — At least a dozen marijuana samples typically show up every day at Trace Analytics, a lab in Spokane that tests products for Washington’s legal cannabis industry. On Tuesday, a single one arrived — a symptom of the most […]
MJ Freeway
MTech Acquisition Corp. and MJ Freeway LLC Announce Merger Agreement
PRESS RELEASE Transaction Supported by MJ Freeway Owners, Including Prominent Tech Investor Roger McNamee. Implementing MTech’s Strategy to Provide Investors with Access to Cannabis Technology Sector New York, NY – October 11, 2018 – MTech Acquisition Corp. (NASDAQ: MTEC) (“MTech”), the first US-listed Special Purpose Acquisition Companyfocused on acquiring a business ancillary to the cannabis industry, […]
Security Incident Played Role in Traceability System Rollout Disruption
PRESS RELEASE OLYMPIA, WA 02/07/2018 – The Washington State Liquor and Cannabis Board (WSLCB) today reported that the online marijuana traceability system was disrupted after a computer vulnerability was exploited on Saturday Feb. 3, 2018. The exploitation allowed an intruder unauthorized access to the system, which is maintained on servers managed by a vendor, MJ […]
Here we go again, Can the Washington State Liquor and Cannabis Board Get anything Right?
Five days into the implementation of the new Leaf Data System Seed to Sale system in Washington State, things are progressing slowly and causing major business disruption for licensees in the state. On the I502 Google user group, licensees and their techs have shared information and potential solutions to implement the new solution as they […]
Regulatory Oversight Debacle Blows Up In Washington State
Recently, The Washington State Liquor and Cannabis Board (WSLCB) announced that their new contract, seed-to-sale (SOS) system provider, MJ Freeway and its Leaf Data System, would not be able to meet the October 31st deadline to take over the service provided by the original contractor, BioTrackTHC. After announcing an arduous work around plan for licensees to […]
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 […]
Updated Seed-to-Sale Scorecard: METRC’s Big Year 9/19/17
Updated to include Nevada Medical and Adult-Use STS award effective November 1, 2017 With fall just around the corner, Scott Denholm and his team at Franwell/Metrc have to be feeling good about their recent wins that include the award of seed-to-sale (STS) tracking system contracts in Ohio and Michigan, and the two ton guerrilla, the […]
Pennsylvania medical marijuana program on fast track to become largest in the country
Pennsylvania’s Republican Senator Mike Folmer and Democratic Senator Daylin Leach, ranked 36 and 37 respectively in the CBE 2016 Political 100, are two happy guys. The mechanisms behind the medical marijuana bill they wrote, which became law on April 13, 2016, are now in full run mode with the prospect of 12 licensed grows and […]
Seed-to-Sale Scorecard: A Look at 2016 and Beyond
By Rob Meagher Back in late January 2016, CBE published its first Seed-to-Sale state and local government scorecard to take a look at what appeared to have become a three-horse race based on those up-to-date results. We projected that the competition for local and state government traceability systems (seed-to-sale) and point of sale (POS) software would heat up in […]
Major Marijuana Sales Tracking Company Hit Hard by Hackers
The Boston Globe reports that hackers early last week took down the servers of MJ Freeway, a system that tracks marijuana sales and inventory, and helps dispensaries prepare regulatory paperwork. The company says no customer or patient information was stolen during the attack, but large amounts of data was corrupted. The recovery process has been […]
The Purest Mission Statement in the Field: Franwell Metrc
CBE caught up with Scott Denholm, Executive Director at Metrc, Franwell Corporation’s Marijuana Business Unit that supplies Radio Frequency ID (RFID) tracking technology to its state clients, the Colorado Marijuana Enforcement Division (MED), and the Oregon Liquor Control Commission (OLCC) and its licensees. He was on a month-long tour providing small group training sessions for […]
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 […]
