SOURCE: LeafTrack

LeafTrack

August 01, 2011 10:00 ET

Colorado-Based LeafTrack Makes Compliance With New Medical Marijuana Regulations Simple

Seed-to-Sale Tracking Provides Required Transparency for Dispensaries, Growers

DENVER, CO--(Marketwire - Aug 1, 2011) - Since the Colorado Department of Revenue's new medical marijuana industry regulations went into effect July 1, medical marijuana centers (MMCs) and growers have scrambled to maintain compliance and stay in business. Colorado-based LeafTrack (http://www.LeafTrack.com) aims to make compliance and day-to-day operations simple and affordable with its marijuana data collection and tracking system. LeafTrack uses radio frequency identification (RFID), barcode and GPS technology to track plants from seed to sale, giving necessary transparency while promoting proper growing, handling and distribution to patients.

"The new state regulations strive to make the medical marijuana industry safer, but they can be difficult and cumbersome to navigate and adhere to," said LeafTrack founder Reid Hanson. "We offer a simple system that eliminates compliance worries. LeafTrack provides a wealth of seed-to-sale data that exceeds state requirements, making it easy to stay up-to-date and compliant."

Based in Denver, LeafTrack serves MMCs, growers and marijuana-infused products manufacturers (MIPs) nationwide. Using handheld devices and pharmaceutical-grade barcode tags with RFID and GPS technology, LeafTrack collects data throughout the entire plant lifecycle. Each plant is assigned a specific RFID barcode that remains intact until the final sale to the patient. By scanning the barcode, users collect data through the handheld device, capturing grow practices, inventory, patient metrics and sales. Users can access real-time crop, inventory and patient data through a secure Web-based interface.

Benefits for Dispensaries and Growers
LeafTrack provides a simple checks and balances system for growers, dispensaries and MIPs, helping them adhere to state regulations and maintain compliance even as the industry grows and changes. Using the data captured through LeafTrack, growers can identify and remedy crop issues, dispensaries receive a broad-scale view of their inventory and sales, and both can identify operational inefficiencies that are costing them money.

"With regulations like the '70-30 rule' and the new seed-to-sale tracking requirement, MMCs and growers are struggling to keep up, but they don't have to," said Hanson. "We give their business transparency, and as a result, longevity in an industry that is constantly changing."

LeafTrack feeds specific data to FindMary.com (http://www.FindMary.com), a site that gives registered medical marijuana patients detailed information about how their plants are grown, handled, and distributed. With the ability to track their plants week-by-week from seed to sale, patients have detailed data and peace of mind about the medicine they're putting into their bodies.

LeafTrack is now available to MMCs, growers and MIPs nationwide. The company provides start-up training and ongoing support for clients. For more information, visit www.LeafTrack.com.

About LeafTrack
LeafTrack provides essential data collection and tracking for the medical marijuana and organics industries. Based in Colorado, LeafTrack uses radio frequency identification (RFID), barcode and GPS data collection to meticulously track plants from seed to sale. With benefits to growers, dispensaries, regulators, and patients, the company provides a simple standard of operation for proper regulation, safety, and peace of mind. LeafTrack also feeds specific data to FindMary.com, a site that gives registered patients detailed information about how their plants are grown, handled, and distributed. For more information, visit www.LeafTrack.com.

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