EXCLUSIVE: TruTrace Technology CEO Robert Galarza | Transparency and Trust in Legal Cannabis:
With CannTrust still struggling to find their footing after last week’s debacle involving product produced in five unlicensed grow rooms being released to market, the situation continues to go from bad to worse. Approximately 5,200 kg of cannabis has since been placed on hold by Health Canada, over 14 class-action lawsuits have been filed by law firms representing claimants in both Canada and the United States, and fears of medical grade cannabis shortages plague patients relying on CannTrust produced product. All of this has culminated in an increasing distrust by both investors and the general public toward the truth and transparency being put forth by cannabis producers.
Where do we go from here?
Robert Galarza, CEO of TruTrace Technologies, believes that the Vancouver-based company which developed the first integrated blockchain platform to register and track intellectual property in the cannabis industry, can offer a step in the right direction.
“What this CannTrust issue brought to light was that there was a tremendous amount of product which made it into the supply chain that was illegal,” says Galarza when asked to comment on recent events.
“We can paint it however we want, but it was still black. it’s still classified as black marketcannabis.”
His sentiments on the subject reflect the general discourse surrounding the core concerns facing the cannabis industry right now. These concerns create questions: How could this have been prevented? How do we fix this?…
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