Did leading cannabis track-and-trace software provider Metrc just take over the government compliance business nationwide?
That’s one analysis of the “strategic partnership” announced earlier this week between Metrc and its competitor BioTrack.
But with exact details still sparse, state marijuana regulators and licensed operators alike were left guessing on Wednesday. With the uncertainty around the deal pausing efforts to finally monitor New York’s $1.5 billion market with a working track-and-trace system, there are already consequences.
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For the past year, two Florida-based companies have dominated the seed-to-sale tracking space for the $32 billion U.S. marijuana industry.
Tagging cannabis plants and products with unique identifiers is meant to allow regulators to monitor the supply chain and – in theory – cut down on illegal inversion
Read full article on Marijuana Business Daily
