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Home 🌿 Cannabis Technology News 🌿 The Purest Mission Statement in the Field: Franwell Metrc 🌿The Purest Mission Statement in the Field: Franwell Metrc
CBE caught up with Scott Denholm, Executive Director at Metrc, Franwell Corporation’s Marijuana Business Unit that supplies Radio Frequency ID (RFID) tracking technology to its two state clients, the Colorado Marijuana Enforcement division (MED), and soon to the Oregon Liquor Control Commission (OLCC) and its licensees.
He was on a month-long tour providing small group training sessions for Oregon Liquor Control Commission licensees throughout February 2016 when we tracked him down.
Since winning the Colorado MED five (5) year, $1.2 million contract that was deployed in December 2013, Metrc has not only generated an annual cash flow of $240,000 annually, but also to date, the system has registered over 11,000 users and tracked well over 3 million plants and 2 million packages.
At $.45 cents a tag for plant and $.25 cents per tag for packages, Metrc has generated roughly $1.85 million in revenues from the RFID tags alone in the first two years...
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