Cannabis regulatory and operational compliance software platform Simplifya announced on Wednesday that it has launched a searchable database of cannabis regulations across the U.S., known as RegFinder.
Why It Matters
RegFinder makes it easy for operators, lawyers and others who reference regulations to access differing cannabis regulations for each state in a single, easily searchable database.
Users can also compare regulations from state to state, which is beneficial for multi-state operators or those looking to enter a new state.
Simplifya Verified’s Expansion
The Denver-based company simultaneously announced it has expanded license tracking capabilities within its Simplifya Verified platform, adding coverage of 25,000 active hemp licenses.
The service streamlines the process of locating cannabis and hemp licenses and organizes disparate information into a single, user-friendly app with unlimited search flexibility.
Following the update, Simplifya Verified now tracks over 90,000 licenses nationwide, monitors licensing rounds and reviews data from over 100 state agencies.
The database is updated daily, saving time when compared to the standard process of combing through state agency websites, many of which are difficult to navigate and display information in different formats from state to state.
Marion Mariathasan, founder and CEO of Simplifya, recognized the struggles cannabis businesses face.
“The cannabis industry is rife with issues when it comes to finding information scattered across different state agencies, all of whom utilize different processes,” Mariathasan said. “The expanded Simplifya Verified and our new product RegFinder are our solutions to save the cannabis industry from wasting this time unnecessarily.”
The launch of the new services comes alongside an infusion of expansion capital of $500,000 from existing shareholders.
Now read: Exclusive: Simplifya And Shield Compliance Bring Critical Cannabis RegTech Market Data To Financial Institutions
Photo: Benzinga edit of images by Matthew Brodeur and Andras Vas on Unsplash
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