“Bringing Confidentiality, Integrity, and Availability of Records to the Cannabis Industry with Scalable Blockchain Technology.”
SmartLedger, the world’s leading blockchain distribution channel and Sativa Testing Laboratories, LLC, Virginia’s first accredited laboratory for Cannabis, has announced today a strategic partnership to implement CannaTrack™, a blockchain solution platform designed to record forensic and cannabis laboratory data in a trustless manner. The platform will help facilitate legal, commercial, and safety claims, as well as provide transparency and accountability, ensuring consumer and public safety, enabling confidence in product content claims, and setting industry standards.
As of July 2022, 38 states within the U.S. have legalized medical cannabis use and 19 states have legalized recreational use, to varying degrees. Public health and safety requirements demand a near real-time, cost-effective, and reliable system for cannabis producers and laboratories to record safety analysis data in a transparent and auditable manner.
Since its inception, the United States cannabis market has been plagued with a multitude of obstacles, ranging from lack of quality control, product consistency, and transparency of testing results, all in addition to lack of state and federal standardization. The issues include; reporting artificially high THC readings for cannabis sold to patients, conspiracies with growers to defraud patients by selling marijuana with less THC than indicated by test results, and significant inconsistencies between cannabinoid concentrations that are listed on labels versus what the product contains.
The partnership between the companies seeks to improve current auditability of laboratory analysis methods, data collection, and the reliable dissemination of results by utilizing the BSV blockchain to record and validate Certificates of Analysis, as well as other relevant data, providing regulators and consumers an auditable chain of custody and reliable source of truth. Laboratories will be able to register, log in, and record lab results and testing methodologies, which include not only final CoAs but also details of the testing methods, quality controls, analysts, raw data, calculations performed, and more.
“Our mission is to bring decades of environmental testing experience to the emerging cannabis industry and provide high quality and fully accredited testing methods to a largely unregulated and non-standardized industry. It was a natural fit to bring blockchain technology to this industry to further attest to best practices.”Brandon Thorpe, Laboratory Director at Sativa Testing Laboratories
“As many states begin to legalize medical and commercial use of cannabis in the United States, it is imperative that we implement the highest standards of safety analysis for the protection of consumers. Combining these standards with scalable blockchain technology, we enable laboratories, producers, regulators, and consumers, a transparent and trustless source of lab safety analysis. With expertise and their integral standard of analysis, Sativa Labs is the right partner for CannaTrack to work with.” said Gregory Ward, creator of CannaTrack™ and Chief Development Officer at SmartLedger.Gregory Ward