Some interesting DD from CSAX's competitor BLPG 10k released a few days ago. They seem to have some trouble making money and it really seems mismanaged which should allow CSAX to steal their customers and win more business in other states.
But...Pretty Pretty interesting blurb though about a software they are working on. It was also in their 2015 10k...so seems like they are having some trouble finishing it.
Intellectual Property
We are developing a proprietary streamlined government-certified software capable of tracking all movements of cannabis products through to cash to taxes paid to deposits with the Federal Reserve Bank. The technology behind our software is being engineered and developed by subcontractors, and we consider it proprietary and confidential, and protected under trade secret laws. We have not sought to patent our aspect of this technology; however, we have not yet determined if we will seek to patent any aspect of the software in the future.
I know a read an article about California looking for this very software. It was going to be announced in May who won the contract.
Pretty interesting...CSAX needs to get moving!
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