Metrc today announced a new contract with the State of Alabama to support the regulation of medical cannabis. This deal is the company's 23rd government contract to date and sixth so far in 2022.
Metrc’s track-and-trace platform will help facilitate the Alabama Medical Cannabis Commission’s data collection and regulatory oversight, enabling licensed operators to track all activities impacting the status of a plant or the creation of cannabis-based products, including origin, testing results, handling, and chain-of-custody information, through a unique RFID tag model and software-as-a-service (SaaS) system.
Data tracking helps operators optimize inventory control, accurately report sales data, and improve cultivation management. The information is accessible to state regulators, providing transparency to ensure regulatory compliance, help combat the illicit market and safeguard the health and well-being of Alabama medical cannabis patients.
Alabama became one of 37 states to legalize medical cannabis after the state legislature approved the measure and its governor signed it into law in 2021. The bill also created the Alabama Medical Cannabis Commission to regulate medical cannabis from the cultivation of the plants, to processing and testing the products, to final sales to patients in dispensaries.
The state plans to begin accepting licensing applications for businesses on September 1, 2022.
Metrc now holds exclusive government contracts in every region of the U.S, including Washington, D.C., and has a particularly strong presence in the South, where it holds contracts with Louisiana, Maryland, Mississippi, Oklahoma, West Virginia and Alabama.
While these areas have diverse regulatory frameworks, each jurisdiction shares the common goal of ensuring safe legal cannabis markets.