Simplifya, a Denver, CO-based developer of regulatory compliance software for the cannabis industry has now raised $3 Million in the funding round of Series C. The round was led by the Merida Capital Partners. The company as of now has a plans to use the funds for continued expansion and growth, both in the national and international market.
The startup which is led by the Marion Mariathasan. Simplifya offers a regulatory compliance tool for the cannabis industry that empowers small and large businesses to proactively manage compliance tasks across all the license and facilities types.
It is a web-based, self-auditing system distills complex states and local regulations into a series of yes or no questions to facilitate the self-audits, identify areas of non-compliance, hold employees accountable for remediation, and to generate management and audit reports.
The company SOP features help to automate the tracking, assigning and versioning of standard operating process, while its smart cabinet features houses all of a business most vital compliance documents under the same roof.
Simplifya has revealed its web-based compliance tool in Colorado in the year 2016 and it is expanded its services this year including Michigan, Nevada, Ohio, Oregon, Maryland, California, and Massachusetts. It is as of now being utilized by the cannabis retailers, product manufacturers, cultivators in dozens of localities across all the eight states.
“Across the U.S. and around the globe, some of the cannabis prohibition laws are crumbling and giving way to tightly regulated systems of cultivation, sales, and product manufacturing,” said Simplifya CEO Marion Mariathasan in an interview. “Nowadays regulatory compliance is critical to the success of every business that enters these new and some of the dominating markets. It can be difficult in such a nascent industry, where rules are quickly evolving and the whole system is constantly under the seen of a microscope. Simplifya makes it as simple as possible for cannabis companies to maintain compliance, so they can focus more attention on some of the growing businesses and gaining their footing in this new industry.”
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