Traceability and Transparency as competitive advantage

Who I am

• Cannabis advocate and connisseuer
• Tech entreprenuer, MBA Seattle U
• Believe in the 'triple bottom line' and agile software development
• Help companies with process automation
• David Busby, founder of WeedTraQR excels with automating processes, compliance and traceability

WHo's here and why does it matter?

• Cannabis growers - medical / 'rec'
• Dispensary owners
• M91 applicants
• Both?
• Ancillary products and services.
• Other?

What is traceability?

• Tracks cannabis from seed to sale
• Chain of custody - where is it and who is handling it?
• Essential for all cannabis businesses moving forward

Why is it necessary?

• Prevents 'diversion' - i.e. 'where the weed at?'
• Taxation, testing, adult use
• Provides data individually and in the aggregate

Cole Memorandum - advisement to US attorneys

• sales to minors
• revenue to cartels
• diversion to other states
• cannabis ops for drug distribution
• violence and firearms
• drugged driving
• public lands grows
• possession on federal property

What is transparency?

• Being 'open source' with operating data
• Secure operations, robust financial controls, integrated traceability
• The 'clear globe' analogy - everything is visble, but protected and contained

Why be a transparent business?

• Banking, other professional services
• Respect / stature in business and in the community
• Favorable consideration for MMJ when moving in to a more regulatory environment (qualifying for I502 or M91 license)

'Big C' compliance

• 'Up front compliance' - getting licensed and approved
• Robust operational structure, etc
• Building, security, financial controls, HR, legal, money and tax issues / handling
• Secure, but open systems, open source - 'open book'

'Small c' compliance

• Traceability - seed to sale
• On-going operational compliance includes: inventory, financial operations, employees etc.
• Make traceability part of everyday activities

Traceability technology options

• Barcodes - 2D scan code
• RFID - radio frequency tags
• NFC - near field communications
• QR - Quick Response codes
• ERP or SaaS?

Technology Considerations

• Mobile?
• Modern?
• Modular? - easy to integrate?
• Purpose-built?
• Cost of deployment and operation

the future

• Traceability is critical and shortest route between A-B
• Traceability - the fulcrum for integration with other services
• Laws / regulation harmonizing, requiring robust traceability
• MMJ or 'recreational' traceability and transparency are essential!

Questions / discussion

• Eric Ogden
• 206.499.3340
• eric@weedtraqr.com