LITTLE ROCK, Ark. (October 13, 2017) -- The Arkansas Cannabis Industry Association anticipates the adoption of BioTrackTHC’s seed-to-sale tracking software for Arkansas’ legal cannabis industry to be announced within 11 days.
To accurately track medical cannabis through the production, movement and sale stages, three software components must be integrated: a patient registry database, seed-to-sale platform, and point of sale software.
The patient registry database has been developed by the Arkansas Department of Health IT department to keep a record of all medical cannabis patients, as well as the amount of medical cannabis products they have purchased.
The seed-to-sale component, as its name suggests, tracks all cannabis products from their inception as a seed to sale from a licensed dispensary to a registered patient. A point of sale system is integrated with the seed-to-sale system and used to complete the tracking process.
Point of sale functions like a modern day “cash register” at the dispensary level. It adds up a total of products purchased, calculates taxes, and records how much product has been purchased by the registered patient. This data is then sent to the state’s patient registry database through the seed-to-sale platform.
On Monday, The Arkansas Department of Health posted to their website an anticipatory award of the seed-to-sale tracking software bid to BioTrackTHC. There is a 14-day window from the posting date for contesting companies to submit a bid.
The awarding of the seed-to-sale platform bid will mark a milestone for the cannabis industry in Arkansas. If BioTrackTHC is selected, it will also offer a standard point of sale system at every dispensary as well as a suite of integrated software solutions.
A uniform system for the Arkansas industry means cultivation facility and dispensary applicants can begin to prepare for a specific system in the future.