First MC Processing+MCFM Group+BioTrackTHC
Growers + Financial and Marketing Management + State-of-the-Art Tracking Software
First MC Processing, LLC: A collective or cooperative structure is required for the operation of a medical cannabis business in California. This requirement is a consequence of some unique aspects of California law relating to medical cannabis. California law currently requires a medical cannabis business to be conducted as a not-for-profit activity in a cooperative or collective organization. First MC Processing, LLC has been organized as a collective. First MC Processing, LLC will be the first wholly transparent grower-owned medical cannabis collective in California.
First MC Processing LLC will purchase product from its grower members. First MC Processing LLC will test, process, package, market and distribute medical cannabis product.
MCFM Group: has been formed to finance and manage marketing and distribution of Medical Cannabis on behalf of MC Processing, LLC.
BioTrackTHC: In June of 2014 MCFM Group established a strategic business alliance with BioTrackTHC. BioTrackTHC is the leader in cannabis tracking software for the medical cannabis industry. As a consequence of the establishment of this partnership, MCFM Group has the ability to track all of the medical cannabis product that passes through the collective from grower to patient. MCFM Group is working with BioTrackTHC to add accounting and tax reporting features that will allow every dollar passing through the collective to be specifically associated with tracked medical cannabis product.