A framework for streamlined cannabis regulations
There are many societal benefits that come from a legalized cannabis industry.
But changing the law is just the beginning of a government role in regulating cannabis. Parsl makes monitoring the legal cannabis industry more transparent for regulators and less weighed down by red tape.
Parsl automates taxation allowing regulators to calculate and collect tax dollars in real time as opposed to the current outdated methods. It provides an ecosystem where customers can’t make purchases that they aren’t authorised to make.
Any potentially fraudulent activity is automatically flagged and while this doesn’t mean the wrong thing will never happen, is does mean breaches will be recorded and verified making them much easier and faster for regulators to pin-point and act on.