CANNAINVESTOR Magazine November / December 2016 - Page 22

This seed-to-sale provider was also established in 2010 and is based in Ft. Lauderdale, FL with satellite offices in Denver, CO and Olympia, WA. BioTrack creates software for governments and licensed operators to track the cannabis plant from beginning to end of the product lifecycle. The phases of the lifecycle include cultivation, harvest, manufacturing, extraction, testing, packaging, transportation, destruction, and sale. The software allows all stakeholders in the plant to monitor adherence to regulations and compliance in real-time with full transparency.

BioTrack’s product line features a business seed-to-sale system and a government tracking-and-tracing system. The business seed-to-sale system allows licenses to manage cultivation, production and inventory, and point of sale with one all-encompassing and integrated platform. The government system aggregates data from businesses for compliance, taxation, and public safety oversight.

1,900 businesses rely on BioTrack software for their point-of-sale system management, including growers, manufacturers, and dispensaries. Since 2010, their software has tracked more than 6.5 million cannabis plants through their lifecycle and over $3 billion in transactions. In the government sector, BioTrack has secured 7 of the 11 state-issued contracts for cannabis tracking systems.