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oklahomma chooaes cannabis tracking sustem seed to sale

Metrc offers integration features with many seed-to-sale software systems used at an individual-level by licensees, and all commercial licensees in the state will be required to either integrate with or input their information into the state’s seed-to-sale system.

The funds are backed by Cortado’s debut $10 million capital round. Sway Medical is the fourth company to be funded by the firm since it was launched in May.

Cortado Ventures has funded Tulsa-based Sway Medical in a Series A investment, the firm announced Thursday.

The Oklahoma Medical Marijuana Authority has signed a contract with Metrc for the implementation of a statewide seed-to-sale tracking system. The contract creates a system to track marijuana plants and products from a plant’s growth stage through sale to patients.

“We know that businesses will have many questions in the coming weeks, and we will answer them as quickly as possible,” Williams said.

The main concern we’ve heard from Oklahoma dispensaries is about data.

If you’re worried that Metrc will have access to your data in real time, only two Metrc states currently require real-time reporting and they have much smaller markets than Oklahoma.

States often use data to help monitor licensees and also inform future decision-making, like new policy.

Expected challenges when onboarding Metrc

The day-to-day operations of your marijuana business will change when you’re onboarded to Metrc. Here’s what you’re going to need to change; you may as well start preparing now.

Note: It’s unknown if Oklahoma dispensaries will have to do real-time or end-of-day (within 24 hours) data pushes to Metrc. We suspect end-of-day but will update as soon as there is more information.

For more information on how to do any of these tasks, see the OMMAs Next Steps doc.

Here’s an overview of next steps and what we currently know: