Cannabis Companies Rely upon Special Software to Navigate Regulatory Compliance Issues

Flowhub CEO Kyle Sherman and CFO Chase Wiseman
Flowhub CEO Kyle Sherman and CFO Chase Wiseman

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

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Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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