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Metrc threatens to close accounts of Michigan cannabis firms over late payments

Track-and-trace software provider Metrc is threatening to shutter the accounts of more than 100 Michigan cannabis companies over missed monthly payments, creating turmoil in the roughly $2 billion market.

By Chris Casacchia

March 1, 2023 - Updated March 2, 2023

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The state’s top marijuana regulator interceded Tuesday, convincing Metrc to agree to a 30-day moratorium on the suspension of accounts, MJBizDaily confirmed.

A widespread shuttering of accounts would have jeopardized the operations of many plant-touching companies, which rely on Metrc software to comply with Michigan marijuana regulations.

The software is used to track the movement of marijuana products through the commercial supply chain, from cultivation to sale.