steve owens

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Colorado: Adherence Colorado Enters Strategic Alliance With BioTrackTHC

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Adherence Colorado, a provider of compliance audits and inventory reconciliation for the cannabis industry, on Tuesday announced a strategic alliance with BioTrackTHC, a provider of seed-to-sale software solutions for medical and retail marijuana businesses.

The agreement allows BioTrackTHC to leverage Adherence Colorado's regulatory compliance and inventory management services to help solve issues for BioTrackTHC's rapidly growing number of clients in Colorado.

“We're very excited to be working with BioTrackTHC, and to be providing our auditing and inventory optimization services to help even more marijuana industry businesses in Colorado,” said Steve Owens, founder and CEO of Adherence Colorado. “Our agreement creates a one-stop shop for best-of-breed software, regulatory compliance audits, inventory process improvement and more.”

Adherence Colorado said it currently has more than 15 licensed and badged auditors and consultants who work on-site with licensees to correct issues related to compliance, inventory control and tracking. As part of the agreement, Adherence Colorado will provide BioTrackTHC's clients with reduced price compliance audits for $500 per license through March 31.

"We continue to create alliances with fellow industry leaders like Adherence Colorado to benefit our customers' operations," said Steven Siegel, CEO, BioTrackTHC.

Colorado: New Company Offers Compliance and Inventory Tracking For Marijuana Industry

Adherence-Colorado(logo)

Adherence Colorado, a regulatory compliance and inventory management company for the marijuana industry, has announced its formal launch of operations and proprietary software that allows auditors to ensure that licensed marijuana businesses are in compliance with state and local laws.

"We're thrilled to be open in Colorado," said Steve Owens, founder and CEO of Adherence Colorado. "By delivering compliance audit results in hours, compared to days or often weeks, we provide our clients with unprecedented value at an industry leading price.

"If a license is not within compliance limits, the underlying business's value can be reduced significantly," Owens said. "For license owners, investors, and financial services and banking experts, it's imperative to know where the business stands in terms of risk and value. Our state-of-the-art process does this and more."

According to Adherence Colorado, this is the first enterprise risk management (ERM) platform designed specifically for licensed medical and retail (recreational) marijuana businesses, providing license owners, banks and investors with valuable information about where the business is most at risk. Adherence Colorado says its software is scalable and can be customized to any state's regulatory compliance and inventory tracking system.

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