Franwell has been selected by Michigan to manage its medical cannabis program’s seed-to-sale tracking using its METRC software, according to Crain’s Detroit Business. The contract, not yet finalized, is valued at $447,625. METRC is used in Colorado, Oregon, Alaska and Maryland. Michigan chose Franwell over ten other companies, including BioTrackTHC, Kind Agrisoft and MJ Freeway.
METRC, a web-based solution with a browser interface and a mobile application, has a series of secure Web Services, Database and an API. The system, which is based on RFID technology, has value to both regulators, which can use it for enforcement and compliance monitoring, and the industry, which can benefit from the analytical data regarding trends and benchmarks.
Read Lindsay VanHulle’s “Michigan chooses Florida-based company to run statewide medical marijuana ‘seed-to-sale’ tracking system”: http://www.crainsdetroit.com/article/20170414/NEWS/170419879/michigan-chooses-florida-based-company-to-run-statewide-medical