California’s cannabis regulatory agency has extended the state’s contract with Florida-based marijuana track-and-trace software company Metrc.
The new contract took effect July 1, according to California’s Department of Cannabis Control, and will run for four years.
ADVERTISEMENT
The state has an option to extend the contract another two years.
The Department of Cannabis Control did not immediately respond to an MJBizDaily inquiry about the value of the contract.
Metrc said in a news release that it will focus on improving transparency and speeding up data-driven responses to support regulators and protect consumers.
According to Metrc, its traceability system is billed to track the life cycle of cannabis-based products, including:
Origin. Testing results. Handling. Chain-of-custody information.
The timing of the contract extension
Read full article on Marijuana Business Daily