METRC definition

METRC or “METRC system” means the inventory tracking system developed by Metrc, or any successor organization, to enable the Commission to track all legally grown marijuana from seed to sale, and also includes any successor inventory tracking system that the Commission permits or requires Licensees to utilize.

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METRC or “METRC system” means the marihuana inventory tracking system developed by Franwell to enable the State to track all legally grown marihuana from seed to sale, and also includes any successor inventory tracking system that the State permits or requires Licensees to utilize.

METRC means Franwell’s METRC software, which Michigan selected as the state’s third-party solution for integrated marijuana industry verification.

Examples of METRC in a sentence

• The Provider further agrees to operate in good faith and with fair dealing at all times when providing a System or Services that interface with the METRC system.

• Provider must successfully complete METRC training and competency testing and Provider’s authorization is limited to the specific functionality of METRC for which Provider has successfully completed training and competency testing.

• Nothing contained in this Agreement shall be construed as a sale of the METRC System or any portion thereof to Provider.

• Licensee information in METRC is confidential and is exempt from disclosure under the Freedom of Information Act, 1976 PA 442, pursuant to Section 4 of the MTA.

• The Provider acknowledges that the State or a Licensee shall have the right to block Providers’ access to Licensee’s METRC data by deactivating such Licensee’s User API Key and generating, or having Franwell generate, a new User API Key through METRC.

• The State has agreed to permit Licensees to communicate information electronically to and from METRC through Provider’s System or Services via an API, but this permission is valid only if the Provider of the System enters an agreement to protect the confidentiality of the information/data contained in METRC and the integrity of METRC’s design and processes, and to comply with the security requirements and standards set forth below.

• The State hereby authorizes Franwell to provide a Vendor API Key to Provider, which, when used in combination with a Licensee’s User API Key which the Licensee may furnish to Provider, permits Provider’s System to access the API for the purposes of communicating information to the METRC system, and retrieving such information from the METRC system, for use by Licensee(s) in operating the business of such Licensee(s).

• Provider expressly agree that the METRC System is, and shall remain, the sole and exclusive property of Franwell with all title and rights of ownership therein.

• Licensor and Licensee will agree upon the use of the METRC seed to sale tracking system, and a POS System integrated with METRC in the State of Michigan and a POS for use at all other retail locations in other States within the Territory and for all deliveries under this Agreement and may choose to the use of an alternative POS system, at a later date, from the approved list of POS systems in each State as applicable and as provided in paragraph 2.3(g) above.

• Pursuant to the MMFLA and MTA, Licensees are required to interface with the inventory tracking system developed by the State, currently known as METRC, as the primary inventory tracking system of record.

More Definitions of METRC

METRC means METRC LLC’s Marijuana Enforcement Tracking Reporting and Compliance system as adopted and used pursuant to the Laws of the State of Ohio.

METRC means Marijuana Enforcement Tracking Reporting Compliance, the California T&T system.

METRC means Nevada Marijuana Enforcement Tracking Reporting and Compliance.

METRC means Franwell Inc.’s marijuana enforcement tracking report compliance solution. “MMCP” means the Ohio Medical Marijuana Control Program.

METRC means Franwell Inc.’s METRC solution.