Washington regulators are confident that no personal information from the state’s legal weed industry was breached in the hack and said that they will continue to work with MJ Freeway to ensure supply chain security. Still, they urged distributors, cultivators, and retailers to review their travel manifests and make any additional safety precautions that may be necessary.
In Oregon, officials proposed fixes for the state’s tracking system by increasing regulatory oversight, including hiring and training new OLCC inspectors and implementing more concrete standards for cannabis industry investigations.
Looking at both instances of cannabis tracking woe as similar symptoms of a still-burgeoning industry, it becomes clear that legal weed will need more than a few years to iron out a flawless mass market. Rome wasn’t built in a day, and with regulations and restrictions unlike any other legal industry, growing pains should be expected to come in all shapes and sizes.
Based on an open ledger system that records every single type of transaction in real-time, blockchain proponents argue that the tech behind Bitcoin could inject a much needed dose of transparency to the industry, eliminating the ability to transfer bud from the legal market to the black market.
But while blockchain could prevent cultivators from passing only part of their weed to distributors and stop dispensaries from selling customers more bud than their state allows, it would also create an open database of cannabis industry operators and consumers – a significant security concern for an industry still openly breaking federal law.
For now, Oregon regulators will try their hardest to plug the state’s tracking system holes with increased manpower, while Washington State officials continue to put their trust in their current system, no matter the flaws.