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.