The IT subsidiary of one of St. Louis’ largest private companies is plugging itself into a new market: medical cannabis.
IT services provider Applied Technologies, a subsidiary of French Gerleman, is targeting the medical marijuana industry for growth. The company is expanding to offer its products and services to medical cannabis facilities and businesses.
The company’s expansion comes as state regulators in recent weeks have approved medical marijuana business licenses for the Missouri's nascent cannabis industry.
Eric Frietsch, Applied Technologies’ vice president and general manager, said the IT firm first started researching the cannabis market about a year ago. Over the past six months, the company ramped up its consideration, digging into the Missouri’s compliance measures to better understand how the firm’s products could be used by marijuana cultivation, manufacturing and dispensary facilities.
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