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Founded Year

2013

Stage

Loan | Alive

Total Raised

$50.68M

Last Raised

$680K | 4 yrs ago

About Metrc

Metrc is a company that focuses on cannabis regulatory systems in the United States. The company offers a track-and-trace technology that consolidates data points into one platform, providing advanced software, radio-frequency identification (RFID) technology, and a secure database to track and trace cannabis from seed to sale. Metrc primarily serves the legal cannabis market, including growers, testing facilities, dispensaries, state regulators, and law enforcement officials. It was founded in 2013 and is based in Lakeland, Florida.

Headquarters Location

2830 Parkway Street

Lakeland, Florida, 33811,

United States

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Expert Collections containing Metrc

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Metrc is included in 1 Expert Collection, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

3,838 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

Metrc Patents

Metrc has filed 14 patents.

The 3 most popular patent topics include:

  • radio-frequency identification
  • ubiquitous computing
  • broadcast engineering
patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/7/2022

2/13/2024

Radio frequency antenna types, Radio-frequency identification, Broadcast engineering, Ubiquitous computing, Radio electronics

Grant

Application Date

2/7/2022

Grant Date

2/13/2024

Title

Related Topics

Radio frequency antenna types, Radio-frequency identification, Broadcast engineering, Ubiquitous computing, Radio electronics

Status

Grant

Latest Metrc News

Edibles maker sues Colorado over costly tracking rules, overreach

Feb 12, 2024

Dr. Sunil Aggarwal and the clinic he co-founded, Advanced Integrative Medical Science Institute, or AIMS is suing the Drug Enforcement Administration (DEA) for refusing him to treat terminally ill patients with psilocybin. Dr. Aggarwal wanted to treat patients at the end of their lives under Washington state’s “Right-to-Try” law to use unapproved, investigational drugs for […] In other news The firm argues that the state's rules about tracking cannabis products are confusing and inconsistent. A Colorado-based edible cannabis company filed a lawsuit against the state’s Marijuana Enforcement Division, alleging confusing and costly regulatory practices over the tracking of cannabis products. Lifestyle Foods Inc., which operates as Ripple , contends that despite recent regulatory changes, the state continues to enforce the use of specific radio frequency identification (RFID) tags for tracking due to an existing a contract with a Florida vendor, Metrc . The lawsuit, filed Wednesday, challenges the division’s adherence to RFID tags despite a rule change last month that removed explicit references to such technology, Law360 reported . Ripple argued that the tags, which cost the company more than $1,400 monthly, are an unnecessary financial burden, rarely used in state audits, and not essential for tracking purposes. Ripple accused the Colorado Department of Revenue and its Marijuana Enforcement Division of maintaining the RFID requirement based on a contract with Metrc that does not expire until 2026, despite the possibility of annual renewals. “METRC is so entwined with MED that in 2023, a Colorado District Court … granted METRC state-actor qualified immunity from Colorado antitrust claims,” Ripple wrote in filings. That has led to confusion among cannabis businesses, with the state even issuing a news release clarifying the continued necessity of RFID tags after local media reported the apparent phase-out. “Nevertheless, the result is a confusing outcome: RFID has been removed from the rules, but remains a mandate — but only by oral declaration of the MED leadership at the final hearing,” Ripple said. The company’s suit raised questions about the transparency and fairness of state regulatory practices, alleging violations of the state’s Administrative Procedure Act due to unclear rulemaking and improper notice. Ripple also contends that the requirement for RFID tags and the associated fees paid to Metrc may violate state laws dictating that such fees should be collected by the Department of Revenue.

Metrc Frequently Asked Questions (FAQ)

  • When was Metrc founded?

    Metrc was founded in 2013.

  • Where is Metrc's headquarters?

    Metrc's headquarters is located at 2830 Parkway Street, Lakeland.

  • What is Metrc's latest funding round?

    Metrc's latest funding round is Loan.

  • How much did Metrc raise?

    Metrc raised a total of $50.68M.

  • Who are the investors of Metrc?

    Investors of Metrc include Paycheck Protection Program, Tiger Global Management and Casa Verde Capital.

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