California cannabis company launches industry’s first commodity trading desk
https://www.siliconvalley.com/2019/04/01/cannabis-industrys-first-commodity-trading-desk-introduced-in-salinas/
SALINAS – One of the largest cannabis companies in California has launched the industry’s first commodity trading desk to connect buyers and sellers in the budding cannabis industry.
Grupo Flor, a multi-national vertical cannabis company headquartered in Salinas, is using a proprietary version of commodity trading software the company developed itself enabling its desk to connect buyers and sellers for the purchase and sale of raw cannabis materials. In its first week of operation, the new desk executed several million dollars worth of trades, according to a press release from the company.