MJ Biz report
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 (DCC), and will run for four years.
The state has an option to extend the contract another two years.
The contract will not exceed $28.4 million annually, or $113.6 million for four years, the DCC confirmed to MJBizDaily on Friday afternoon.
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 has rankled cannabis operators throughout the state as regulators try to contain a growing pesticide scandal in the marketplace.
Despite the proclamations of accurately tracking cannabis products throughout the supply chain, numerous products have recently tested positive for banned pesticides, according to a Los Angeles Times and Weed Week report last month.
https://mjbizdaily.com/metrc-secures-cannabis-track-and-trace-contract-extension-in-california/
