What is METRC?
METRC stands for Marijuana Enforcement Tracking Reporting Compliance. It is a government software solution that enables agencies and regulators to track and monitor a given jurisdiction’s cannabis industry. So what is METRC and what do licensed cannabis businesses need to do with it?
Developed by technology company Franwell, METRC is described by the company as, “a turnkey solution which provides end to end tracking and tracing of marijuana plants and products. This solution was specifically designed for government agencies in charge of legalized marijuana enforcement.”
Most in the cannabis industry are familiar with the term seed-to-sale and if you’re not, it’s time you get familiar, and quickly. METRC allows businesses to report to the state on their cannabis supply chain from seed-to-sale, allowing state and local governments to oversee and monitor their respective cannabis market and its inventory. The system is utilized by various government agencies and requires licensed business owners to submit data in order to remain compliant. It’s important to note that the company does not offer a commercial software solution to your business, so you’ll be forced to rely on some combination of spreadsheets, 3rd party software’s, or whatever record keeping method you prefer, but it’s important to remember that these records can mean thousands of dollars in fines if they’re incorrect or unattainable for whatever reason.
Currently, the company holds government tracking contracts in Alaska, Colorado, Maryland, Michigan, Oregon, and California. They utilize RFID tags for their tracking method.
Depending on which state you operate in, different data points will be required by your respective jurisdiction. Inputting data into METRC can be a very significant undertaking for larger businesses, so it’s not to be underestimated. Some businesses in METRC states have 3-6 person departments dedicated to inputting data into METRC, which is a lot of salaries to consider for your business. Employee salaries aren’t even the least of your financial worries when it comes to RFID Tracking.
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