Track-and-trace software provider Metrc is threatening to shutter the accounts of what could be dozens of Michigan cannabis companies over missed monthly payments, creating turmoil in the roughly $2 billion market.
The state’s top marijuana regulator interceded Tuesday, convincing Metrc to agree to a 30-day moratorium on the suspension of accounts, MJBizDaily confirmed.
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A widespread shuttering of accounts would have jeopardized the operations of many plant-touching companies, which rely on Metrc software to comply with Michigan marijuana regulations.
The software is used to track the movement of marijuana products through the commercial supply chain, from cultivation to sale.
“We reached out to Metrc and asked for a 30-day extension for this, and it was granted,” said David Harns, spokesperson for Michigan’s Cannabis Regulatory Agency (CRA).
“Metrc is trying to enforce payment terms.”
It’s unknown how many Metrc customers in Michigan have unpaid bills, but the Florida-based
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