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May 2023, the Department of Financial & Professional Regulation (IDFPR) announced that Illinois was switching its cannabis seed-to-sale tracking system from BioTrack to Metrc and listed this transition as an Essential Projects in the FY2023 Annual Cannabis Report and again in the FY2024 report.
We juxtaposed state license counts against the 320 companies that connect to METRC and Leaf Data Services in WA. Applications may include ERP, seed-to-sale, compliance, and supply chain/logistics. coming in to compete with players like TaxNexus and offering a bundled Point of Sale solution with tax compliance. Introduction.
Last summer, Cannabiz Media published its first Cannabis Software Stack Report where we juxtaposed state license counts against all the companies that connect to METRC and Leaf Data Services in WA. By move we mean a company is certified by Leaf Data Systems or METRC in that state. . Introduction. Back Office. Transactional (39).
Governor Newsom signed AB-195 into law, which came with sweeping changes specific to the cannabis sector — including changes to cannabis tax & relief, compliance, and oversight. It’s been quite an active summer for California’s commercial cannabis industry. Equity operators are also eligible for rebates under the new law. .
We spend most of our time working in the commercial cannabis industry in California – complaints about the complexity of licensing, tax reporting and regulatory compliance are constant. The implementation of the METRCcompliance system in California became a running joke with single and double digit usage out of thousands of licensees. .
It features geo-targeted SMS marketing, too, which allows for precise, targeted advertisement. And each time there’s a sale, Meadow’s platform tracks the inventory, processes the cash payment and allows the driver to stay compliant with Metrc, the widely used cannabis regulatory system. Meadow was once called the Amazon of weed.
Following the rules requires navigating a complex and ever-changing labyrinth of cannabis regulations, a daunting task even for the most seasoned compliance officers. For those that are fretting about the compliance status of their cannabis dispensary, here are three often overlooked mistakes that you can fix right now.
One was using the data from Metrc and Leaf Data Systems to just compile how many states is each vendor permission to work in? And one point I think I should make here is that there may be vendors that are in these spaces, LIMS, POS, and all the others, that simply don’t connect to Metrc for whatever reason.
We recommend Sal Cucinella and Lilypad for Fishbowl as the “bridge” to METRC. . While important, for the moment, we are not going to dwell on the fine details associated with what we call the “local portion” of the “dual control” features contained in the California cannabis statute [14].
We manage the inputs, we manage the machine extraction runs, the outputs, all the inventory, the sales orders, the batch tracking, lot tracking, to comply with various recall protocols and federal regulations and guidance for GMP compliance and Food Aafety Act stuff. In most other Metrc states, we tag them when they go into the bench.
Another definition could be: “a compliance and litigation hazard, often favored by unscrupulous or ill-advised parties.”. Services agreements became important features of sale transactions back when the OLCC was miserably behind in processing change-in-ownership transactions. Compliance problems with cannabis services agreements.
limiting the number of patients in your facility at one time and/or using tape to mark six-foot intervals on the floor), the utilization of order-ahead features that may reduce the risk of exposure, and considering appointment-only operations. For the foreseeable future, we expect that MMMP compliance inspections will continue unabated.
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