If you think you might be outgrowing your existing cannabis accounting software, you’ve come to the right place. Read on for 5 things to look for in a new cannabis accounting software.
Aside from the restrictive rules that govern the production and distribution of cannabis products, the transition from individual to fully public is the greatest challenge faced by most cannabis businesses. Luckily, technology is materializing to fill the void. Recently, Microsoft paired with KIND, a “seed to sale” platform to aid government organizations manage and potentially impose cannabis experience.
The cannabis industry in the United States gets stronger with every state that legalizes. However, this political dance of legalization state-by-state is slowing us down in the global marketplace.
At this point, your cannabis business is operating successfully. You’re selling products, earning revenue, and things appear to be going well.But, you may ask yourself, “Can we do better?”
Although you’ve successfully overcome the startup phase of your cannabis business, growth and maturity is going to require that your business processes and workflows are optimized.
Cannabis is vastly different than any other industry. It requires advanced marijuana software solutions and cannabis consulting to not only help guarantee your business compliance but to ensure you are efficiently running a successful operation in a highly competitive market.
Your cannabis business must rely on a sophisticated seed to sale technology platform to effectively manage compliance and day-to-day operations. You should only be engaging with expert consulting teams.
When thinking about the future of your cannabis operation, you may be contemplating developing your own seed to sale business management software. The "build vs buy" decision is an important one when planning your software needs.
Oh, software! It’s one of the most exciting parts of modern society. It has the potential to make our lives and businesses run smoother. The key is implementing the right software that provides the solution you need. This is especially true for cannabis software.
One of the most important decisions you will make in your cannabis business is what POS or Point of Sale system to use. You see, your point of sale system is the backbone of your business. It enables you to conduct your daily sales, and houses customer data and inventory. So you'll want to invest some time in making sure you choose the right one for your business.
In October 2015, the Medical Marijuana Regulation and Safety Act (MMRSA) became law in California. As California moves ahead with implementing this historic legislation, “Seed-to-Sale” and “Track and Trace” are two terms being heard frequently in conversations with stakeholders around the state.