The New York Times explored the rapidly evolving cannabis compliance software industry, mentioning Proteus 420, BioTrackTHC, MJ Freeway, BudMate POS and Flowhub. Their products help growers and sellers of cannabis not only comply with state laws but also follow the rules for federal, state and local taxes. Terra Tech CEO Derek Peterson explains:
We’ve got all these states establishing laws, but we have to answer to federal authority on taxes. There’s no break or pass that any of us are getting.
Peterson’s Terra Tech relies upon MJ Freeway, while Native Roots, a popular Colorado chain, uses Flowhub.
Read Conrad de Annlle’s “Marijuana May Be Legal, but Good Luck Filing the Paperwork”: http://www.nytimes.com/2016/02/21/business/yourtaxes/marijuana-may-be-legal-but-good-luck-filing-the-paperwork.html