steve janjic

U.S.: CannLabs, Amercanex Partner On 'First Fully Electronic Cannabis Marketplace'

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CannLabs subsidiary StrainData to provide certification and quality assurance to wholesale cannabis exchange

By Steve Elliott
Hemp News

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.

U.S.: Exchange Company For Cannabis Industry Called First of Its Kind

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Steve Janjic, CEO of Amercanex, says his company is the first fully electronic marketplace in which licensed wholesale and retail distributors of cannabis can sell, buy or exchange their inventories on a fully disclosed market.

The core function of the marketplace is to ensure fair and orderly transactions, as well as efficient dissemination of price information for any product bought, sold or exchanged on the electronic cannabis marketplace (ECM), according to Janjic.

Thirty-seven states and the District of Columbia have either legalized or decriminalized some form of marijuana use or possession, or are in the process of doing so, according to Janjic.

“The patchwork nature of marijuana legalization on the local, state and federal levels creates problems for buyers, sellers and users,” says Janjic.

“Amercanex has already created solutions to regulate the buying and selling of marijuana in Colorado, which has major implications for the entire country, from capturing lost tax revenues to influencing voters in states where marijuana use is on or coming to ballots.”

Janjic, the former global director of eFX Sales and Distribution for Tullett Prebon, one of the world’s largest institutional brokerage firms, says Amercanex will ensure a completely neutral, non-manipulated marketplace while strictly adhering to and centralizing regulatory and reporting requirements to local and regional regulatory authorities.

U.S.: Cannabis Expert Urges Voters To Look At 3 Points of Proposed Marijuana Laws

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3 Points for Voters to Consider When Reviewing Proposed Marijuana Laws

Cannabis Industry Expert Looks at Pros & Cons

Voters in seven states, one U.S. territory, and at least 17 cities and counties across the nation will face a marijuana initiative when they go to the polls in November. For some, the question is easy: They’re either for some level of legalizing marijuana or against it.

But for others, the issue is not so cut and dried. Decriminalizing marijuana can be good for the country – and it can be potentially dangerous, says Wall Street commodities expert Steve Janjic, CEO of Amercanex (www.amercanex.com), an electronic marketplace exchange for the cannabis industry.

“I’m a part of the industry, but that doesn’t mean I’m in favor of every measure to legalize pot,” Janjic says. “We need to proceed with care and thoughtful consideration of possible consequences, intended and unintended, of the decisions we make.

“We have the opportunity to fix some problems through decriminalization, but we don’t want to end up with even bigger problems down the road,” Janjic said.

The November initiatives range from legalizing recreational marijuana sales and use for adults in Oregon and Alaska to permitting it for medical purposes in Florida and Guam, to decriminalizing possession of small amounts in cities and counties in Maine, Michigan and New Mexico. Californians will decide whether to downgrade possession to a misdemeanor.

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