Metrc, a provider of cannabis regulatory systems in the U.S., announced its new contract with the State of Rhode Island to support its regulation of medical cannabis. Metrc said this is its 22nd government contract to date and fifth so far in 2022.
Metrc will replace the state's current partner and implement its track-and-trace platform to help facilitate the Rhode Island Medical Cannabis Program’s data collection and regulatory oversight. Rhode Island is the third state in which Metrc is replacing the incumbent vendor.
The company's unique RFID tag model combined with a configured software-as-a-service (SaaS) system will enable licensed operators to view and track all information and activities impacting the status of a plant or the creation of cannabis-based products, including origin, testing results, handling, and chain-of-custody information.
This data tracking helps operators optimize inventory control, accurately report sales data, and improve cultivation management. And this same tracking information is accessible to state regulators, providing the ultimate transparency to ensure regulatory compliance, help combat the illicit market, and safeguard the health and well-being of Rhode Island medical marijuana patients.
“As the Rhode Island Medical Cannabis Program continues to grow, we are excited to support and enhance the program through 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 Michael Johnson, CEO at Metrc. “Our team at Metrc is looking forward to working side-by-side with Rhode Island’s Office of Cannabis Regulation and both existing and new licensees within the state to establish a safe and well-regulated medical marketplace.”
Metrc now holds exclusive government contracts in every region of the U.S and has a strong presence in the northeast, having contracts with Maine, Massachusetts, New Jersey, Maryland, Washington, D.C., and now Rhode Island.