MJ Freeway is fast becoming the legal marijuana industry's leading provider of seed-to-sale tracking software and solutions. Following the company's April completion of a $3 million Series B financing round from Tao Capital Partners and more, the company has been taking over the seed-to-sale space.
While the company competes with similar software from companies like Flowhub and Helix TCS (OTC:HLIX), they have failed to gain the same level of traction as MJ Freeway.
Earlier today, MJ Freeway announced that the company has been chosen as the "Apparent Successful Vendor," a.k.a. the 'ASV', from The Washington State Liquor and Cannabis Board to implement Leaf Data Systems.
What is Leaf Data Systems?
Leaf Data Systems is a secure, web-based regulatory platform developed by MJ Freeway to enable state and federal governments to effectively and efficiently monitor compliance by licensed marijuana businesses.
Back in 2010 MJ Freeway pioneered the concept of seed-to-sale tracking of marijuana – the model on which the comapny's Leaf Data Systems is based. MJ Freeway now provides seed-to-sale tracking solutions to legal marijuana businesses in every regulated market in the United States, Canada, Europe, South America, and Australia.
The Leaf Data Systems platform has already been selected by the State of Nevada. In addition to the State of Nevada, the Commonwealth of Pennsylvania recently released temporary medical marijuana regulations, choosing MJ Freeway as their go-to marijuana "track-and-trace" systems.
It's not just states and countries partnering with MJ Freeway! Back in December of 2016, MassRoots, Inc. (OTC:MSRT) announced that they would be partnering with MJ Freeway to provide live menu pricing for their app.
"We look forward to implementing and sustaining a sophisticated technology solution for the growing Washington market. We are confident that Leaf Data Systems will meet the needs of regulators and operators alike to effectively track cannabis, prevent diversion, and ensure consumer, public, and product safety," said Amy Poinsett, MJ Freeway's Co-founder and CEO.
Poinsett went on to say, "it's an honor to serve Washington's progressive cannabis industry at the regulatory level and we are proud to continue to support business owners in the successful management of their operations."
When Does the Washington Deal Begin?
According to MJ Freeway's release this morning, "system implementation will begin in June 2017 and is expected to be fully implemented by November 2017. The system will include in-depth training workshops to prepare cannabis operators for a successful transition to MJ Freeway's service."
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