BioTrackTHC said Wednesday that it earned the highest score in a heated competition in Puerto Rico among cannabis tech companies trying to land the U.S. territory’s seed-to-sale medical marijuana tracking contract.
No other details were revealed in the company’s press release, and a contract has yet to be signed. But the Metro Puerto Rico newspaper reported that BioTrackTHC has won the contract.
The Florida-based firm will be paid $20,000 in advance, plus $16,000 a year and $250 for every hour of service, the paper reported. Work on the system could begin as early as September.
A Puerto Rico deal would be the seventh government cannabis contract for BioTrackTHC – assuming it ultimately wins. Previous wins include Hawaii, Illinois, New Mexico, New York, Washington State, and a California municipality.
“The Puerto Rico Department of Health faces the incredibly challenging task of launching a new regulated industry from scratch,” BioTrackTHC CEO Patrick Vo said in the news release. “We look forward to partnering with them and supporting the island’s efforts in building a healthy and transparent medical cannabis program.”