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The tides are starting to change with more credit unions and state-chartered banks opening their doors to the industry, along with new payment technologies for consumers to use instead of cash. Financial services, for instance, has been a historical industry hurdle, as most big banks and credit card companies deny access to their network, making it difficult for retailers across the board вЂ“ from bank account setup to limited customer and patient payment options to security issues when managing a cash-only retail business. Michael Johnson: Major compliance challenges that retailers face will vary from state to state, however, we do see common themes across state lines. We sat down with Michael Johnson, CEO of Metrc, to discuss retail challenges, regulations, cybersecurity, compliance and more.ДЄaron Green: What are the major compliance challenges retailers face?

States work with Metrc to provide their marketвЂ™s traceability software for the entire supply chain, which helps prevent diversion to the black market, offers security and safety, aids in recalls and regulatory compliance tools. With government contracts in nineteen states and counting, Metrc has become an omnipresent fixture in the United States cannabis market. The track-and-trace model quickly became adopted by dozens of states to regulate their cannabis markets over the years, becoming an important standard in the industry. Metrc combines a software platform with radio frequency identification technology to track plants and cannabis products from seed to sale.

#COOKIE JOHNSON SOFTWARE#

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