The New York State cannabis market is evolving rapidly, and with it comes a set of regulations and requirements that can be challenging to navigate. One of the critical aspects for operators in this market is understanding the intricacies of license applications and compliance with state mandates.
A crucial element in complying with New York’s regulations is the integration with Biotrack State Traceability. It's essential to distinguish between Biotrack State Traceability and Biotrack Commercial two separate products under the same brand. Operators are mandated to integrate with Biotrack State Traceability, but they do not have to use Biotrack Commercial.
To learn more about the difference between Biotrack Commercial and Biotrack State Traceability System, visit this linked FAQs document from New York’s OCM.
This distinction between the two options is where the confusion often lies. The State of New York is the customer of BioTrack State Traceability. Operators are not mandated to use BioTrack Commercial. Operators may choose any third-party seed to sale system, including:
Several of these operators, including Canix, have API integrations with BioTrack State Traceability. This eliminates the need for operators to submit to BioTrack State Traceability. Instead, they can submit through their third-party provider, and the third-party provider will submit on their behalf.
Beyond the requirement to integrate with Biotrack State Traceability, operators have the freedom to choose any seed-to-sale tracking system that suits their needs. This flexibility allows operators to select a system that aligns with their operational processes and business goals.
As part of the application process, while operators are not required to sign a contract with a seed-to-sale system, they must have at least a Letter of Intent (LOI) with a software provider. This requirement ensures that operators are prepared for compliance from the onset of their operations.
Canix has provided LOIs to dozens of New York applicants, and can continue to serve more.
In this complex landscape, Canix emerges as a comprehensive solution. Canix not only integrates with Biotrack State Traceability but also offers a range of features and services that surpass the capabilities of Biotrack Commercial. Our platform is designed to streamline operations, ensure compliance, and enhance the efficiency of your cannabis business. Canix also offers accounting and cost tracking features for COGs and NCI tracking.
It’s important to note that the deadline for applications is fast approaching - December 18th. As this date nears, it's crucial for operators to have all their compliance and application requirements in order.
Navigating the New York cannabis market’s regulatory environment can be daunting, but with the right information and tools, it becomes manageable. Canix stands as a viable and efficient alternative to Biotrack Commercial, offering not just compliance with state mandates but also a suite of features designed to optimize your cannabis business operations. As the deadline looms, ensure you're equipped with the best tools to thrive in this burgeoning market.