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.
Business leaders need reliable industry data and in-depth analysis to make smart investments and informed decisions in these uncertain economic times.
Get your 2023 MJBiz Factbook now!
- 200+ pages and 50 charts with key data points
- State-by-state guide to regulations, taxes & opportunities
- Segmented research reports for the marijuana + hemp industries
- Accurate financial forecasts + investment trends
Stay ahead of the curve and avoid costly missteps in the rapidly evolving cannabis industry.
“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.