New Jersey selected Florida-based Metrc to provide seed-to-sale tracking for the state’s licensed cannabis program.
The state’s five-member regulatory commission voted unanimously to approve a six-year, $390,000 contract with the software provider, NJ.com reported.
This is another win for Metrc, which has emerged as the clear front-runner for acquiring state traceability contracts across the country.
With New Jersey, Metrc now has contracts in 16 states with legal marijuana programs plus Washington DC.
Subscribe to the MJBiz Factbook
Exclusive industry data and analysis to help you make informed business decisions and avoid costly missteps. All the facts, none of the hype.
What you will get:
- Monthly and quarterly updates, with new data & insights
- Financial forecasts + capital investment trends
- State-by-state guide to regulations, taxes & market opportunities
- Annual survey of cannabis businesses
- Consumer insights
- And more!
“The system would allow regulators to ensure regulatory compliance, assist with accurate reporting of sales data, prevent sale to underage consumers and prevent adulteration of legal cannabis substances with harmful substances,” Jeff Brown, executive director of New Jersey’s Cannabis Regulatory Commission, told NJ.com.