CannaMéxico World Summit 2019, Elevates Safe and Legal Latin American Cannabis Market

The second annual CannaMéxico World Summit hosted by former President of Mexico Vicente Fox, will take place April 25thand 26th, at Centro Fox in Leon, Mexico.

The international summit is focused on showing the tremendous potential of Mexico’s budding cannabis industry. Furthermore, high-profile industry experts will seek to connect relevant stakeholders and provide information on legalization, worldwide market opportunities, medical advances, innovation and overall wellbeing.

Topics include legislation and regulation, eco-growth, medicine and science, security and industrial opportunities. Exhibitors will be on hand providing a wealth of information for those interested in staking a claim in the international cannabis industry.

CannaMéxico supports a responsible and safe global cannabis environment. Notable speakers include cannabis advocate and television host Montel Williams, scientist and biotechnology consultant Inbar Maymon Pomeranchik, vice president of NORML Canada Deepak Anand, and Centro Fox founder Vicente Fox.  Event sponsors include Khiron Life Sciences Corp. and Cosmos CBD.

To purchase tickets or to become an exhibitor, visit cannamexico.com.mx.

“CannaMéxico was created to be an epicenter for cannabis advancement in Latin America. This is a space to share ideas, where people can network and develop policies to elevate the industry,” stated Fox.

The CannaMéxico World Summit is expected to draw more than 2,000 attendees with dozens of exhibitors in the fields of science, research, finance, medicine, government, technology, agro-industry, and manufacturing. Attendees will have the opportunity to network with entrepreneurs, investors, policy makers, as well as health and regulatory officials.

There are nearly 11.7 million potential medical cannabis patients in Mexico out of a population of approximately 123.5 million people. As a whole, the Latin American cannabis sector could reach a valuation of $12.7 billion by 2028, according to data and market intelligence source Prohibition Partners.

Latin America has the potential to be the primary international supplier of cannabis due to its ability to grow and export at a significantly lower cost when compared to the U.S. and Canada.

For information, visit cannamexico.com.mx.

R Street Welcomes Committee Efforts On Marijuana Banking

The R Street Institute welcomes today’s hearing by the U.S. House Committee on Financial Services exploring access to banking services for legitimate cannabis-related businesses.

Despite laws providing for the legal distribution of medicinal marijuana in 32 states and for decriminalization of recreational marijuana in 10 states plus the District of Columbia, the federal Controlled Substances Act and myriad banking statutes and regulations continue to make it difficult for banks and credit unions to provide financial services to those businesses that operate in accordance with state cannabis laws.

Though there has been progress in lenders’ willingness to serve the legal cannabis industry, the potential for criminal and civil liability, including money-laundering, remains a stumbling block to bringing more deposits into the traditional banking sector, according to R.J. Lehmann, R Street’s director of finance, insurance and trade policy. According to the most recent data from the U.S. Treasury Department’s Financial Crime Enforcement Network, there were 375 banks and 111 credit unions serving cannabis-related business accounts as of the fourth quarter of 2018.

“Even where lenders are providing financial services to the legal marijuana industry, the compliance processes that currently would be appropriate to service this sector effectively are daunting and beyond what many smaller lenders could manage,” Lehmann said. “We need federal law to provide guidance, clarity and a permanent safe harbor for depositories who work with state-sanctioned cannabis businesses.”

The Secure And Fair Enforcement (SAFE) Banking Act of 2019, introduced by Rep. Ed Perlmutter, D-Colo., would provide exactly that. The bill would ensure that federal banking and credit union regulators could not sanction regulated lenders or limit their access to deposit insurance on grounds that they provided service to legitimate cannabis businesses. Reps. Steve Stivers and Warren Davidson, both R-Ohio, recently joined Perlmutter and Rep. Denny Heck, D-Wash., as sponsors of the legislation.

“We extend our thanks to Chairwoman Waters for convening this hearing and moving this topic to the top of the committee’s agenda. In an era of often fractious partisan divides, Rep. Perlmutter’s legislation offers an opportunity for bipartisan consensus and real solutions,” Lehmann said.

KlickTrack Launches Cannabis Retail Platform At CannaCon In Seattle

KlickTrack Launches Cannabis Retail Platform at CannaCon in Seattle

System unites compliance, flexibility, and intelligence for cannabis businesses

January 31, 2019 – Seattle, WA – Following a successful beta launch in September 2018, KlickTrack announced today that it is launching its fully integrated retail ecosystem that represents the next generation of cannabis software technology. KlickTrack software unites a product and sales platform, compliance translator, and point of sale system. Cannabis retailers can now run their businesses on the KlickTrack platform, which represents a major advancement over other software systems available on the market today. KlickTrack is an app based system for use across all iOS and is currently available in the App store. Retailers can now run a store from just about anywhere.

KlickTrack offers real-time reporting and mind-blowing automated features thanks to its global product registry which captures products and stores them universally for any retailer to access. This database is complete with product photos and descriptions, eliminating the patchwork of menu, loyalty and other services. As a result, when product enters a shop, the normal 30-minute (or more) intake process is reduced to a couple of minutes.

 

KlickTrack co-founder Steve Kessler said, “We created this system from inside a working retail shop from the ground up. We teamed with world-class developers, using a proprietary translator to solve industry-wide problems. KlickTrack removes the compliance worries from retailers and allows them to focus on running their business and having access to real-time actionable data.”

 

Built by cannabis retailers for cannabis retailers, the KlickTrack system addresses common issues and pain points the founders themselves experienced when they tried myriad software solutions as owners and operators of Paper and Leaf, a retail cannabis boutique, located on Bainbridge Island in Washington state. After years of frustration with non-integrated systems, they developed KlickTrack as a synchronized ecosystem, saving retailers time and money. Key features and benefits include:

  • Product Registry: Gives retailers the ability to easily view and manage inventory and offer their products organized by brand. The forward-facing menu empowers consumers to shop in a way that feels most familiar.
  • Proprietary Data Architecture: Reduces inventory redundancies, speeding up workflow, enabling retailers to uphold customer service on high traffic days.
  • Data Segmentation Tools and Intelligent Workflows:  Provides real-time insights into all sales metrics, allowing retailers the ability to analyze historical customer and product data.
  • Guaranteed Compliance: Driven by real-time API, KlickTrack’s compliance translator ties directly into state regulatory systems, virtually eliminating the risk of fines and violations.
  • KlickTrack Fulfillment Mode: Enables retailers to create orders at the register and on the sales floor that can be seamlessly fulfilled in the back office. Also enables pre-order and delivery services where available.

Cannabis retailers interested in a demo or in signing up for KlickTrack can learn more at www.klicktrack.io or stop by Booth #821 during CannaCon (January 31-February 2). Steve Kessler will also lead a Business/Legal seminar titled “KlickTrack: Creating a global POS platform from inside the store” on January 31 from 1-1:50 pm in Seminar Room 2.


About KlickTrack

Proudly built in Washington State, KlickTrack is a fully integrated retail ecosystem, which unites a product and sales platform, compliance translator, and point of sale system for the recreational and medical cannabis market. Developed out of first-hand cannabis retail experience, KlickTrack offers a synchronized ecosystem for cannabis management across the entire cannabis retail chain and integrations with LEAF, Biotrack THC, and Metrc (end of Q1 2019) states. KlickTrack was built by Steven Kessler and Brendan Hill, co-founders of Bainbridge Island-based retail store, Paper and Leaf, which has been recognized in Forbes, Time, CNN/Money, Interior Design, Variety and Architectural Digest. KlickTrack is currently available to download in the App Store.