Forian BioTrack Launches New Mexico Traceability Software for Adult Use Cannabis
Newtown, PA, April 05, 2022 (GLOBE NEWSWIRE) -- via Forian Inc. (Nasdaq: FORA), a provider of technology, analytics and data science driven solutions for the healthcare and cannabis industries, announced that its subsidiary, Bio-Tech Medical Software, Inc. (d/b/a BioTrack), successfully completed the planned April 1, 2022 launch of its New Mexico state traceability system for adult use cannabis sales. This latest state partnership demonstrates the continued expansion of Forian’s BioTrack™ state traceability system.
BioTrack has been the traceability system for New Mexico medical cannabis sales since 2015, and in 2021 expanded to also be the state’s partner for adult use compliance monitoring. The successful seamless transition of the traceability system from medical to dual-use enabled businesses to begin commercializing adult-use cannabis sales at 12:00 a.m. on April 1, 2022 with no disruption to retailers or consumers.
BioTrack’s software will track both medicinal and adult-use cannabis in New Mexico from when it is first planted as a seed to the point-of-sale to the consumer. BioTrack’s traceability system helps to ensure there is no product diversion and in the case of a recall, simplifies and streamlines those events.
"BioTrack's software worked seamlessly for New Mexico, helping the state to see a record-setting $5.2 million in combined cannabis sales during the state's first weekend of adult-use sales," said Kristen Thomson, Director of the New Mexico Cannabis Control Division. "We look forward to continuing to work with BioTrack to ensure that all consumers and patients have access to the products they need--and to ensure that the Cannabis Control Division can track product for quality assurance and consumer safety.”
“We are happy to be able to continue our relationship with the government of New Mexico and the cannabis community in the state,” said Dr. Moe Afaneh, Vice President of BioTrack at Forian. “As the state’s chosen track-and-trace vendor we have been working around the clock to ensure a smooth transition of the system from solely medicinal use to dual, medicinal and adult use. We look forward to continuing to ensure that New Mexicans have safe and efficient access to legal cannabis products.”
"With nearly forty locations statewide, reliability is critical to our vertically integrated operations. BioTrack has continued to outperform and exceed our expectations. The successful integration of the nonmedical sales traceability and tracking system with our existing medical program was flawless. We look forward to continued enhancements. Kudos to Forian and their team," said Duke Rodriguez, CEO and President of Ultra Health.
Forian BioTrack has been New Mexico’s traceability partner since 2015. Forian’s BioTrack™ point-of-sale software is used by customers in 38 states and 10 countries, while 11 state governments, including New Mexico, currently use Forian’s BioTrack™ patient portal, traceability system, or Cannalytics® software.
About Forian
Forian Inc. provides a unique suite of SaaS solutions, data management capabilities and proprietary data and analytics to optimize and measure operational, clinical and financial performance for customers within the traditional and emerging life sciences, healthcare payer and provider segments, as well as cannabis dispensaries, manufacturers, cultivators and regulators. For more information, please visit the Company's website at .
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