Ukrainian Law Blog
Freedom means the supremacy of human rights everywhere
Monday, February 19, 2018
Blockchain and California Cannabis: From Seed to Sale
We have previously discussed blockchain technology and the effect it can have on the cannabis industry
here
and
here
. This post serves as a more detailed analysis of how blockchain can and may disrupt the tracking of cannabis from seed to sale, specifically within the new California adult use market.
Currently, cannabis businesses are spending significant amounts of money to implement track and trace systems compatible with
Franwell’s Metrc
. Metrc is a government-designed software that many states have elected to use, including California, that allows regulators to ensure that cannabis products are not being diverted to illegal markets.
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