METRC replaces MJ Freeway Leaf Data Systems in Nevada

MJ Freeway’s Leaf Data Systems will be replaced by Franwell’s METRC for seed-to-sale tracking in Nevada, effective November first, according to an email sent this evening:

The move comes just eighteen months after Leaf Data Systems was selected by Nevada for a 5-year term. Late last year, the state suffered a security issue , which was separate from the widely reported MJ Freeway hack. In this December event, more than 11,000 patient files were breached.

Leaf Data Systems was recently awarded a contract with Pennsylvania and with Washington, replacing BioTrackTHC. METRC had been awarded the Washington contract initially but never finalized terms. METRC, which initially served Colorado but has expanded significantly, was recently awarded the Michigan and Ohio contracts for seed-to-sale tracking.

Editor’s Note: We updated information about the Washington seed-to-sale contract shuffle
Breaking news by Alan Brochstein, CFA

ab-byline-ncvBased in Houston, Alan leverages his experience as founder of online communities 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV.

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