The company becomes one of the first to introduce the new METRC system
Of the 52 annual licenses issued by California regulators to the cannabis industry, Halo Labs has now been awarded one. The company is also one of the first operators in the state to fully implement the new California Cannabis Track-and-Trace (CCTT) system.
California currently has around 10,000 temporary cannabis licenses active that are expected to expire this year. Of these, 6,200 will expire by next month. Halo has been awarded non-temporary state and local licenses that will allow it to operate for a year without interruption before the license comes up for renewal.
CCTT is designed on METRC (marijuana enforcement tracking reporting compliance), the system that was introduced in Colorado in 2013. It tracks and traces marijuana plants and products and has become an integral part of Colorado’s marijuana industry. The same is expected of CCTT in California.
According to Halo’s CEO, Kiran Sidhu, “Our teams’ expertise of operating in highly regulated states the past three years has enabled us to stay ahead of the curve in California and be both one of few fully permitted operators in the state and one of the first companies to implement METRC.”
Halo is headquartered in Oregon, and has operations in that state, as well as in Nevada and California. It controls 20% of the cannabis concentrates wholesale market in Oregon and has an 8,000-square-foot facility in Las Vegas that was opened last October. The company specializes in cannabis oils and concentrates and has produced over three million grams of products since it was founded.