The Department of Finance and Administration signed a new temporary contract with Florida-based software company Biotrack after having been unable so far to reach an agreement on a long-term deal for software to track sales of medical marijuana in Arkansas.
The state's six-year, $2.8 million contract with Biotrack expired on Dec. 14, which could have left the state without software to track medical marijuana sales. While the Department of Finance and Administration was considering four vendors for a long-term deal, it was unable to finalize an agreement with one by the time the state's contract with Biotrack expired in December.
So the state signed a "bridge contract" with Biotrack, Scott Hardin, spokesman for the Department of Finance and Administration, said in an email. It will allow state regulators to still use the software to monitor marijuana inventory at dispensaries, cultivators and processors, but can be canceled by the state when it signs a long-term deal, Hardin said.
The bridge contract the state signed with Biotrack is for $80,000 and will expire on Dec. 13, 2025, according to the agreement.
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