By Garrett Rudolph
Every state-licensed marijuana business in Washington will have to use the BioTrackTHC seed-to-sale tracking system in order to stay compliant with the regulations of I-502.
BioTrack won the bid for Washington’s traceability system for product sales and movement.
However, the company also offers a number of services with its commercial system to assist business owners.
“Every producer, processor and retailer will have to input data into the system we created for the state of Washington… The state system is only about compliance and tax collection,” BioTrack Executive Vice President Randy Clark said. “It doesn’t help you run your business.”
Some of those business tools include point-of-sale systems, a wide range of business reporting functions and an online marketplace for the cannabis industry that is set to be launched sometime in July, Clark said.
The online marketplace allows retailers to find out which producers and processors have the product they are looking for, rather than having to get on the phone and track down supplies.
Because the online marketplace and the traceability system come from the same company, the interface between the two programs is seamless.
“It completes the supply chain, making sure the retailers have the product to supply to the recreational people there,” Clark said.
As far as the state-required seed-to-sale tracking system, Clark said BioTrack is second to none.
“If you want to run a legitimate business, you go on BioTrack,” he said. “If you want to divert product out the back door, you don’t go on BioTrack. There are too many checks and balances in place once product is entered into the system to divert marijuana out the back door.”
BioTrack has been in business for almost five years and is currently deployed in almost 500 locations, including eight U.S. states, Washington D.C. and Canada.