Page 7 - Cannabis News May 2019

Medical

Marijuana

Insurance for

Physicians and

Dispensaries

It’s a common misconception that Back Cover Story: BioTrackTHC Provides Transparent, Customizable
legal marijuana dispensary insurance
is very expensive and unattainable, but
it is actually very reasonably priced. Software Solutions for Business, Government Clients
We can provide you with many types
of comprehensive insurance coverage
which will help your business stay on Continued from Back Page Government Solutions
its feet should some type of calamity or software is designed to follow customized workflows. “In some Dr. Afaneh first came up with the concept of the monitoring
unfortunate event arise.
states, they follow a pharmacy workflow, for example, so that software after working in the pharmaceutical industry. There,
software needs to track disease states and physicians’ recom- he partnered to launch the company’s original venture,
• General Liability BioScriptRX , working on the development of a product to
• Property Protection mended amounts,” said Dr. Afaneh. “That’s why we created a
• Medicine Coverage very robust system—it can accommodate everyone from small track prescription drugs and methamphetamine precursors.
• Business Income mom-and-pop operations with three stores to massive multibil- While demonstrating the software to lawmakers, the concept of
• Extra Expense Insurance lion dollar companies with 100 different locations.” tracking cannabis was raised, and in 2010, BioTrackTHC was
• Product Liability While state-level tracking wasn’t such a big deal five years born.
ago, Dr. Afaneh says that today’s growers understand the need The software provides a secure, online traceability portal that
Danna-Gracey is the leading indepen- for technology that can help streamline their workload. “Some provides detailed analytics for regulatory agencies and law
dent medical malpractice insurance markets, like New Mexico, Illinois or New York, absolutely enforcement, who can track cannabis transportation and inven-
agency in Florida, and the top agency require commercial-level software—the amount of manpower tory in real-time. Lawmakers also receive detailed financial
for several of the lead- reports, ensuring compliance and adherence to industry stan-
ing insurers in Florida. that is needed to do the manual work simply isn’t cost-effective,” dards and state laws.
For more information he said. “The product’s functionality saves time and money, and
contact Jessica Hoehn reduces repetitive tasks and activities. It also integrates and scales “We work in a consultative role with state clients, addressing
of Danna-Gracey at with different systems, including state monitoring systems.” potential issues in advance and guiding them with best prac-
888.496.0059. An added advantage is that the software is built around a set tices,” said Dr. Afaneh.
of controls that protect licensees from making mistakes. “It is As for the future, since merging with Helix TCS this year,
geared to drive a licensee down a specific workflow in order to BioTrackTHC is in the process of building the next generation
keep the data clean,” said Dr. Afaneh, adding that security con- of software, which will include a security grade camera system,
trols also prevent the addition of dummy data or others breach- access control system, and an analytics dashboard.
ing the system.
To learn more about BioTrackTHC, visit www.biotrackthc.com.
888.496.0059 • Jessica@dannagracey.com
www.dannagracey.com

50 May 2019 cannabisnewsflorida.com Cannabis News Florida