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.
Puerto Rico is expected to be the first nation in the Caribbean to put together a working MMJ system, and sales are expected to begin in early 2017.
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.”