Metrc Announces Government Contract with the State of Minnesota
Here’s the press release Partnership to Support the Regulation of the State’s Medical Cannabis Market with the Implementation of the Company’s Track-and-Trace System LAKELAND, Fla., March 17, 2022 /PRNewswire/ — Metrc, the most trusted and experienced provider of cannabis regulatory systems in the U.S., announced its new contract with the state of Minnesota to support the state’s regulation of medical cannabis, the Company’s 19th government contract to date nationwide. Metrc will implement its robust track-and-trace platform to help facilitate the Minnesota Medical Cannabis Program’s data collection and regulatory oversight. The Company’s system offers a unique RFID tag model, where each individual plant and product is traceable through a patented radio-frequency identification tag, allowing for seamless data tracking for each plant, optimizing inventory control and cultivation management. This inventory management system helps ensure regulatory compliance, assists with the accurate reporting of sales data, combats the illicit market, and provides much needed advances in consumer and product safety. “As the Minnesota Medical Cannabis Program continues to evolve, we are excited to bring our state-of-the-art track-and-trace platform, which will enable state regulators to conveniently and securely track, store and retrieve millions of data points from operators around the state,” said Jeff Wells, CEO of Metrc. “Metrc is eager to work side-by-side with the Department of Health and partner with existing operators within the state to create an effective and well-regulated medical marketplace that Minnesota’s regulators, patients and operators can truly trust.” Metrc now holds exclusive government contracts in every region of the U.S, including Alaska, California, and Washington, D.C. While these areas have diverse regulatory frameworks, each jurisdiction shares the common goal of ensuring safe legal cannabis markets. Metrc continues to be the favored partner of regulators and businesses in serving their unique needs and goals.
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