CANNABIS SEED TO SALE MANAGEMENT SOFTWARE
Cannabis is experiencing tremendous growth as an industry as public opinion gradually moves toward legalization. It is already valued at billions and is expected to reach a total of $27 billion by 2021. However, shifting attitudes and fractured state regulatory standards already in place create a complex compliance landscape for Cannabis businesses. A modern Cannabis seed to sale software solution will alleviate this and other pain points in the Cannabis industry by providing true end-to-end visibility and scalability. Leveraging Cannabis seed to sale management software will allow you to extract the true value of your business, no matter which stage (or stages) of the value chain you occupy.
Cannabis Seed to Sale regulations affect every region, which require that every batch have a tracking method from point of origin to point of sale (POS). Regulatory agencies mandate this to monitor compliance in each product. This obliges growers and vendors to maintain accurate, consistent records of their inventory and demonstrate traceability in each batch. Cannabis inventory and POS software allow you to track and trace inventory by lot or serial number at every location up to the point of sale.
Businesses operating within the Cannabis industry must meet compliance at multiple levels for different agencies in each country, US state, or even in each municipality for certain locations. Legal guidelines also vary by product, with specific regulations governing factors such as THC dosage available in Cannabis edibles. Tax laws such as Section 280E of the Internal Revenue Code of the IRS also add another financial layer to Cannabis regulation. Maintaining compliance in this sector can be ensured by deploying a flexible software solution that can properly sync with the many requirements of local, state and federal regulatory bodies. Cannabis accounting software leveraging cloud computing ensures compliance by keeping internal databases up-to-date on government regulations. Modern Cannabis business software solutions are updated in real-time with access to a network connection, and built-in flexibility allows this software to deployed and modified according to your situation.
As a relatively young industry, Cannabis does not have the same wealth of historical data to establish comprehensive analytical models as sectors that have existed for decades do. Leveraging data is becoming increasingly important in determining and delivering value, as well as ensuring that your business can keep up with customer demand. Modern Cannabis business software solutions have extensive data extraction and reporting capabilities that allow you to accurately analyze and compare metrics using out-of-box analytics tools. This enables you to generate more targeted opportunities to maximize profitability.
Regardless of if you are a Cannabis distributor, grower or vendor, a modern Cannabis management software solution ensures that you have the tools in hand to grow your business, enhance workflow, and improve margins. It enables you to streamline time and monetary costs with robust financial and human capital management functionality, as well as respond more quickly to emerging situations in a rapidly shifting industry. A modern Cannabis seed to sale software solution captures the entire value chain and ensures that agricultural systems are optimized for peak product quality, complete visibility of distribution, and retail capabilities that will provide a seamless experience to the end user.