The problem in the cannabis industry

Cannabis legalisation is moving around the world at a rapid rate. But there is a major problem with most current seed-to-sale tracking systems.

Not only do current systems regularly encounter problems that can shut down the entire cannabis supply chain and stop patients from accessing medicine but they provide little value to cannabis businesses while costing them time and money to maintain in order to demonstrate compliance.

Parsl is simple to use smart-packaging technology that will fix everything that is broken in the cannabis industry.

A Parsl tag starts right at the beginning

The Parsl journey starts when the cannabis seeds are first planted.

The tag will track exposure to heat, UV rays and other environmental elements and all information is stored on the tag up to and including harvest.

Our tag then goes to the lab

That tag will then follow the cannabis to the lab where all the results and testing methods will be securely recorded and verified on the blockchain. 

This method of recording lends legitimacy to the lab testing results, rewards laboratories using high-quality testing methods and helps deliver results directly to the end user.

And tracks how the cannabis is made into any type of product

When the cannabis is harvested and processed Parsl tags track everything that is done to turn it into the product a customer buys. 

Whether that is CBD oil, edibles, or even just dried flower, every step will be recorded onto the tag, giving consumers greater visibility about the products they are buying.

We track products as they move from place to place

Keeping a complete record of cannabis from seed-to-sale complicated process. Parsl’s tags and smart-packaging allow for inventory management that is powered by a secure handover of the physical product itself.

It just takes a tap of a device and Parsl can accurately keep a record of the movement of all cannabis products in the supply-chain, making compliance streamlined and straight-forward.

And onto shelves wherever it is sold

After Parsl tags trace a product’s journey from where it was grown, to where it was tested, to where it was processed it will track it to the dispensary, ready for sale.

With all the info about each product stored in the Parsl tag,inventory and compliance problems are a thing of the past. A simple tap will make sure any transaction complies with KYCC or Anti-Money Laundering regulations of any legal jurisdiction.

And finally it reaches the customer

Whether you’re buying for medicinal or recreational purposes Parsl tags make it easier for you to find, access and research the cannabis products that best suits your needs.

The Parsl tag takes all the information from growers to consumers and allows it to be accessed up and down the supply-chain bringing benefits to everyone along the way.

All of the above is collected and recorded using blockchain technology

This allows for the whole system to be run in a way that the information is not in the control of any one organisation, combating a single-point of failure problem

It also means that no information written to the blockchain can ever be changed meaning no actors in the supply-chain can cover-up any bad behaviour

And finally it allows all the information to be transparent to keep everyone accountable for how they act within the supply-chain

One little tag can have a big impact

With all that information at its disposal this little tag can be a powerful influence in the cannabis industry.

It can automate the compliance process, pay cannabis related taxes in real time, educate consumers on the products they are buying, give businesses data to make smarter business decisions and much much more.

Parsl is a cannabis seed-to-sale system that is focusing on bringing value to the industry