On November 20, 2019, Helix TCS announced the launch of the country’s first integrated hemp tracking system. Helix TCS, Inc, is the top supplier of critical infrastructure in the marijuana industry. The BiotrackTHC Government Traceability system will be used to track hemp and CBD products imported into the state of Delaware to ensure transparency and safety of the consumers. The tracking system requires the implementation of a series of controls and testing of hemp before it is used to manufacture CBD and products infused with THC and CBD.
Helix TCS and the state of Delaware developed the tracking system to remain significant technologically and retain their transparency in the emerging hemp industry. The CEO of the BiotrackTHC THC business line, Dr. Moe Afaneh, said that the development of the hemp tracking system is a notable innovation in the hemp industry. It is also a gold standard for managing the emerging market. He further said that the company would continue to develop industry-leading solutions as the regulatory framework in the industry changes.
The CEO and Executive Chairman, Zachary L. Venegas, said that it is the responsibility of the company to provide a solution to the problems facing the marijuana industry. In addition, the hemp tracking system is an excellent example of how the company focuses on the need of the booming sector through innovation.
Marijuana businesses in Delaware are currently using the system to keep a record of all the products in their supply chain while ensuring that the product being sold are tested for potency and purity.
Apart from being the leading provider of cannabis infrastructure, Helix TCS helps marijuana business owners to maintain a competitive edge in the industry while legally mitigating risks. Helix TCS technology package and security services provide companies with a comprehensive supply chain management system, compliance tools, and assets security for any license in the regulated marijuana market.
Although marijuana and hemp industries, it does not directly deal with plants or derived product. Over 2000 customers are using Helix TCS products in 38 states, and over $18 billion in marijuana sales has been processed in 6 countries.