Chasing Cannabis: The Compliance Technology Behind the Markets
“Seed-to-sale” compliance technology is enabling state regulators and commercial marijuana retailers to keep a tight rein on cannabis products. But the rapidly evolving tech is far from perfect.
January 17, 2018 at 10:00 AM
7 minute read
Marijuana |
For all the talk about the law lagging behind innovation, there is one area where technology is racing to catch up with the law: regulated state cannabis markets.
The birth and growth of cannabis compliance technology is, for the most part, a result of the legal and regulatory foundations upon which modern legal cannabis markets were built. And it is an area defined by ever-growing innovation to meet the demands of state regulators and commercial cannabis clients.
Many trace the need for such compliance technology to the 2013 Obama-era “Cole Memo,” which declared that states with legalized recreational and medical marijuana markets would be essentially untouched by federal prosecutors, provided they had a robust regulatory and enforcement structure in place.
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