Companies announce plans for cannabis industry’s first waste diversion program

SinglePoint Inc., a holding company based in Phoenix, announces its engagement with Circonomy Solutions, Phoenix, to create the cannabis industry’s first waste diversion program, with an emphasis on moving toward zero waste.

Circonomy Solutions and SinglePoint are currently working to research, identify and address the complexities, costs and potential savings associated with cannabis industry waste. Through a combination of recycling and reuse, waste that has been turned into new product can be tracked through its full life cycle with the help of blockchain technology. This will provide a transparent ledger and give insight to state authorities and other entities who require cannabis industry waste to be disposed of properly, SinglePoint says.

“We have been discussing this topic for a while internally,” Wil Ralston, president of SinglePoint, says. “With every state implementing different rules on cannabis waste disposal, few, if any, provide useful resources. With the assistance of Circonomy, we feel very confident in the development of a simple, state-by-state scalable solution that we can take one step beyond the normal seed-to-sale and move to cradle-to-grave while tracking the entire process.”

“We are very excited to create the first program of this kind for cannabis waste disposal and, ultimately, a complete circular economy solution,” John Trujillo, co-founder of Circonomy Solutions, says.

SinglePoint believes cannabis waste diversion is a multibillion-dollar industry that has yet to be tapped by other players in the waste industry. Circonomy is currently working with Arizona cultivators to determine what necessary precautions should be taken when disposing of the waste, as well as other challenges the industry sees tied to disposal and diversion.

SinglePoint plans to deliver program details and firsthand research at the 30^th Annual ROTH Conference in Dana Point, California, on March 13.