SQrBlock Offers Supply Chain Management for the Cannabis Industry.

• Author: Rogak, Lawrence N.
• Position: [IN THE NEWS]

SQrBlock Solutions consultancy focused on enterprise blockchain deployment, has expanded its offerings to provide a range of business services to the cannabis industry and state regulators. SQrBlock offers w1ique supply chain management and digital certification capabilities for cannabis products at a time when the industry is rapidly expanding.

Much of the U.S. cannabis sector and state regulators have struggled to find a foolproof and sustainable methodology to track products from seed to sale and ensure that federal compliance concerns are adequately addressed. These issues persist as adult recreational sales are increasing 159% year over year in California, 100% in Washington, and 46% in Colorado. While many states have enacted laws permitting use of cannabis for recreational and medical use, supply chain management and digital certification of fully compliant, legally grown and sold products continues to be a challenge.

SQrBlock Solutions and its exclusive technology partner B-square Lab, a leading Korean...