Tech

New QR codes for cannabis verifies legal products

According to California authorities, there is a new technology to identify if a cannabis store is licensed. Marijuana shops in California will now have QR codes on their windows. This is so customers have an opportunity to know whether the establishment has permits required by law. The QR codes give access to the office's online licensing system. There are other similar technologies available.

Cannabis technology offers are expanding. Through the increasingly popular system of QR codes for cannabis shops, consumers can quickly verify licensing details.

In California, marijuana shops will now have QR codes for cannabis products displayed visibly in their windows to avoid any unexpected situations. Those who are looking for their products can know in advance if the establishment has the required permits by law.

In order to find more on this subject, one potentially useful marijuana news tool is the Hemp.im app. You can find more information about cannabis markets and other important news in the cannabis sector in the Hemp.im app.

Hemp.im is a mobile application that is exclusively dedicated to hemp and marijuana news as well as the very latest news about the general hemp and cannabis industry.

Alternatives to QR codes for cannabis

The QR codes for cannabis that are displayed can be scanned by users through their cell phone cameras, which connect the reader to the office’s online licensing system.

The initiative, promoted by the Office of Cannabis Control, seeks to inform consumers if the store where they are going to buy has traced, tested and legal cannabis products.

Cannabis QR codes can be scanned by a smart device or entered manually online to verify legal products. (Source)

According to California authorities, those looking for an alternative to the QR codes for cannabis retailers, can access the Office of Cannabis Control’s website and use the license search tool to verify the legal information of the dispensary.

This new modality arises due to the growth of the illicit cannabis market. This is because although cannabis products are legal in California, some consumers and producers prefer to avoid paying taxes.

Investing in QR codes for cannabis

This tax-avoidance issue would greatly affect investors, who with the legalization of marijuana for recreational use in 2016 projected profits of more than $6.5 billion by 2020.

Currently, of the estimated $12 billion in sales, $8.7 billion goes to the illicit market. This market consists of traders who do not adhere to strict health regulations or pay taxes.

The illegal cannabis market is not only a problem for the state’s finances, but it could also become a problem for the public health sector. Their concerns can be seen in the illnesses and deaths associated with illegal vaporizers.

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(Featured image by Proxyclick Visitor Management System via Unsplash)

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This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Nacion Cannabis, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Hemp.im assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Hemp.im is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Anthony Donaghue

Anthony Donaghue writes about science and technology. Keeping abreast of the latest tech developments in various sectors, he has a keen interest on startups, especially inside and outside of Silicon Valley. From time to time, he also covers agritech and biotech, as well as consumer electronics, IT, AI, and fintech, among others. He has also written about IPOs, cannabis, and investing.

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