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Green Bits To Help Over 20% Of Maryland Medical Cannabis Retailers Manage Transactions And Comply With Complex State Rules

SAN JOSE, Calif., Dec. 6, 2017 /PRNewswire/ -- Green Bits, the industry-leading retail and auto-compliance management platform for legal cannabis, announced today that the company will go live in Maryland in more than 20 percent of the retail stores selling medical cannabis when the market opens before the end of the year. Of the 102 retail dispensaries awarded licenses for selling medical cannabis to patients, Green Bits will power more than 20 stores, a significant initial market entry for the three-year-old company.

"We are excited to begin doing business in Maryland. When medical cannabis retailers begin serving their patients, we'll help retailers manage their sales and comply with their reporting obligations," Green Bits Founder and CEO Ben Curren said. "With Green Bits, retailers can focus on growing their businesses and rest easy in knowing their record keeping and reporting are automated."

The legalized cannabis sector is highly regulated from state to state. To comply with a state's regulations, including in Maryland, a retailer must carefully track purchases to ensure the state knows, among other things, the products and amounts that have been sold.

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Vela

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