High Spirits: The Cannabis Business Podcast

#059 - Demystifying Metrc and the Multi-Sided Platform Business w/ CEO, Michael Johnson


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๐ŸŒฟ๐ŸŽ™๏ธ Join Ben & AnnaRae this week as we explore the intricate world of cannabis compliance with Michael Johnson, CEO of Metrc. Now synonymous with seed-to-sale tracking, Metrc stands at the forefront of regulatory compliance in the cannabis industry. In this episode, we'll uncover the human element behind the platform, the challenges of balancing diverse stakeholder needs, and the future of cannabis compliance.

๐Ÿš€ ๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—ง๐—ต๐—ถ๐˜€ ๐—˜๐—ฝ๐—ถ๐˜€๐—ผ๐—ฑ๐—ฒ: To operators in the cannabis industry, Metrc is the backbone of daily operations and compliance. We'll peel back the layers of this often mistakenly maligned "necessary evil" to understand not just how it works, but who makes it work and why it is the way it is. Michael will share insights into the multi-sided nature of Metrc's business model, its interactions with state regulators, third-party software providers, and the licensed operators who rely on it every day.

๐Ÿ’ก ๐—ช๐—ต๐—ฎ๐˜ ๐—ฌ๐—ผ๐˜‚'๐—น๐—น ๐—Ÿ๐—ฒ๐—ฎ๐—ฟ๐—ป:

๐Ÿ”Ž ๐˜๐˜ฏ๐˜ด๐˜ช๐˜ฅ๐˜ฆ ๐˜”๐˜ฆ๐˜ต๐˜ณ๐˜ค: Get a closer look at the team and technologies driving this crucial compliance system.

โš–๏ธ ๐˜‰๐˜ข๐˜ญ๐˜ข๐˜ฏ๐˜ค๐˜ช๐˜ฏ๐˜จ ๐˜ˆ๐˜ค๐˜ต: Discover how Metrc manages the complex demands of regulators, tech partners, and cannabis businesses.

๐ŸŒฑ ๐˜๐˜ฏ๐˜ฅ๐˜ถ๐˜ด๐˜ต๐˜ณ๐˜บ ๐˜Œ๐˜ท๐˜ฐ๐˜ญ๐˜ถ๐˜ต๐˜ช๐˜ฐ๐˜ฏ: Review how compliance has transformed with the cannabis industry over time and where itโ€™s heading.

๐Ÿ”ฎ ๐˜๐˜ถ๐˜ต๐˜ถ๐˜ณ๐˜ฆ ๐˜—๐˜ณ๐˜ฆ๐˜ฅ๐˜ช๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ด: Speculate on future trends in cannabis compliance and technology with insights from the helm of the industryโ€™s leading tracker.

๐ŸŒŸ ๐— ๐—ฒ๐—ฒ๐˜ ๐— ๐—ถ๐—ฐ๐—ต๐—ฎ๐—ฒ๐—น ๐—๐—ผ๐—ต๐—ป๐˜€๐—ผ๐—ป: Appointed as CEO in 2022, Michael Johnson has rapidly steered Metrc toward innovative horizons. With a rich background as CFO at various technology and health firms, Michael brings a unique perspective to the cannabis compliance sector. His approach is not just about monitoring and regulation but fostering an ecosystem that supports safe, sustainable growth in the industry.

๐Ÿ“… ๐—ช๐—ต๐˜† ๐—ง๐˜‚๐—ป๐—ฒ ๐—œ๐—ป? This episode is crucial for anyone involved in the cannabis industry, from regulators to entrepreneurs, and even tech enthusiasts curious about the intersection of technology and regulatory compliance. Whether you're grappling with Metrcโ€™s systems or just keen to understand more about the regulatory landscape, this conversation promises to enlighten, inform, and inspire.

Tune in to High Spirits this Thursday on LinkedIn Live for an episode filled with deep insights, behind-the-scenes storie

--
High Spirits is brought to you by Vertosa and Wolf Meyer.

Your hosts are Ben Larson and AnnaRae Grabstein.

Follow High Spirits on LinkedIn.

We'd love to hear your thoughts. Who would you like to see on the show? What topics would you like to have us cover?

Visit our website www.highspirits.media and listen to all of our past shows.

THANK YOU to our audience. Your engagement encourages us to keep bringing you these thought-provoking conversations.

Remember to always stay curious, stay informed, and most importantly, keep your spirits high.



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High Spirits: The Cannabis Business PodcastBy AnnaRae Grabstein and Ben Larson

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