Metrc, a provider of regulatory track-and-trace systems for highly regulated industries, today announced the extension of its longstanding partnership with the Colorado Department of Revenue.
Since pioneering Colorado's track-and-trace framework in 2014, Metrc has continued to evolve its technology. The MED will have a wide-ranging set of reporting and data analytics tools through Metrc Insights, which provide both macro-level market reporting and more granular anomaly and risk detection. The new contract will include several updates to the system to support the MED’s focus on improved efficiency and sustainability.
Additionally, Colorado businesses will soon have access to Metrc Retail ID, which enables item-level identification through consumer-facing QR codes. By scanning a product, consumers can access information such as product origin, testing details, and other key data. Retail ID additionally supports operational efficiencies by reducing labeling complexity and streamlining inventory management.
