CannLabs subsidiary StrainData to provide certification and quality assurance to wholesale cannabis exchange
By Steve Elliott
Could these guys become the Carfax of cannabis? Two American companies in the cannabis industry this week announced a partnership that they say will result in the nation's "first fully electronic cannabis marketplace."
CannLabs, Inc. on Tuesday announced an agreement through its subsidiary StrainData to provide CannLabs’ certified testing data to the Amercanex Cannabis Exchange. Amercanex is the first fully electronic cannabis marketplace in which cultivators, wholesale distributors and retail vendors can buy, sell, or exchange their inventories in a fully transparent intrastate market.
A recent Huffington Post article called the legal cannabis industry “the fastest growing industry in the United States.”
Amercanex will extend its marketplace services to include, through StrainData, CannLabs’ cannabis potency and contaminant testing data. The StrainData search engine features “CannLabs certified” cannabinoid profiles for an exclusive network of premium cannabis providers.
By empowering growers and dispensaries to share their testing data in real-time, StrainData says it offers exchange members the ability to make informed decisions when purchasing cannabis.