It’s possible, for instance, that you might have already obtained all the required licenses and permits for your marijuana business to operate legally in your jurisdiction. That’s great! But it’s only just the beginning of what it takes to be successful. Once you’re up and running, you may find yourself with questions or concerns about compliance, cultivation, quality assurance, operational optimization, marketing, branding, or even just financial and business planning in general. That’s where having an experienced cannabis consultant by your side can be truly beneficial, leveraging their expertise and industry-specific knowledge to help steer your company around any obstacle it might come across and into the path of long-term success in the highly competitive cannabis industry. 

In this article, to assist you in the process of choosing the right consultants to work with, we’ll be looking at the 11 best U.S. marijuana consulting firms of 2023:

List of Top 11 Marijuana Business Consulting Firms:

Indivia Advisors

If you’re in need of an accounting firm solely dedicated to the cannabis industry, Indivia Advisors can help guide you through the industry’s complex tax, financial and regulatory changes to make sure your business stays compliant and efficient. Their services include strategic business planning, CFO-specific advising, and even forensic accounting.

indivaadvisors.com

Bridge West

Bridge West has been in practice since 2009, servicing more than 600 cannabis clients nationwide during that time. Specializing in tax issues, the large team at Bridge West can help you minimize the effects of IRS 280E or prepare audited financial statements, among many other services.

“[Bridge West] has helped us with our monthly accounting, our quarterly and annual filings, and to coordinate reporting with our other external auditors. They are very responsive, and they continue to explain things and provide options, which is always nice to hear.”

Rianna Meyer Vice President of Operations, Veritas

bridgewestcpas.com

3C Comprehensive Cannabis Consulting

3C Comprehensive Cannabis Consulting is focused on helping clients design, build, start, and optimize their cannabis business. They aim to be stewards for both their clients and the planet, aligning their core values around social, environmental, and economic principles to help their clients–and the communities they serve–prosper in a sustainable way.

“Although this is my first cannabis venture, I don’t anticipate it being my last. I know that I will be teaming with 3C when I go through this process again … our group extends 3C our highest recommendation and our utmost confidence.”

-Joe Courtright, Chairman, Natural State

3ccannabis.com

Higher Yields Consulting

When it comes to cannabis business consulting, there aren’t many firms that specialize in garden management systems. But that’s exactly the expertise of Higher Yields Consulting. HYC has been working in the space since 2008, and they bring loads of professional and business experience to their consulting services, and they are particularly adept at helping those companies who need help with garden management.

higheryieldsconsulting.com

Point7 Group

Founded around the triple bottom line of people, planet, and profits, Point7’s team of experts is well-regarded for its speed and client service when it comes to helping clients win licenses and expand their operations.

“Our successful working relationship with the Point7 team is a true testament to their ability to listen, understand, and collaborate. They took the time to fully understand our strengths and what makes us unique and guided us to stay on track and submit the best application possible well before the deadline. The outcome, 7 for 7 approved licenses, is a credit to not only being great at what they do, but more importantly, being great people.”

– Brad Goette, CEO, Nirvana Investments, LLC

pointsevengroup.com

American Cannabis Company

American Cannabis Company is a vertically-integrated, multi-state operator (MSO) that offers end-to-end and a la carte consulting services for cannabis and hemp companies. Among the services offered include: brand licensing, acquisitions and equity partnerships, and operational management services.

americancannabisconsulting.com

Canna Advisors

Canna Advisors offer a full-service and comprehensive suite of consulting services. From licensing applications to exit strategy, Canna Advisors has experience at any stage your cannabis business might find itself, making them great partners to help navigate the complexity of the industry over the long term.   

thinkcanna.com

Emerald Elite Consulting

A team of master gardeners experienced in California’s innovative Emerald Triangle make up the consulting team at Emerald Elite. In a market full of cannabis consultants, EEC stands out as one of the premier growing consultants, utilizing its extensive network to ensure you’re producing high-quality, high-yielding cannabis.

“As the level of quality required to compete in a market becomes more and more competitive by the day, third party consultation becomes an important tool to maintain a competitive edge. EEC will undoubtedly be able to assist you in adopting the cultivation practices which will lead to the level of boutique flowers required by the market to remain relevant.”

-Geoff Hoopes
UpNorth Humboldt

emeraldeliteconsulting.com

Next Big Crop

Next Big Crop provides a la carte and turn-key solutions to businesses in the cannabis industry. They specialize in working with local architects to create state-of-the-art cultivation and manufacturing facilities, sourcing equipment and material such as cultivation lighting and hydroponic equipment, as well as cannabis genetics from well-regarded breeders, and they also do a multitude of systems engineering.

nextbigcrop.com

Green Worx Consults

Standardized operating procedures, quality management, and continuous improvement are important to a business’s ability to remain nimble in a rapidly changing marketplace. Green Worx’s methods of project management and continuous improvement methods are the same used by companies such as Toyota, GE, Verizon, and Amazon to decrease cycle time and eliminate defects, waste, and rework. This allows Green Worx’s clients to build quality into every process successfully.

greenworxconsults.com

Quantum 9 Inc

The consultants at the Chicago-based Quantum 9 cannabis consulting firm specialize in helping entrepreneurs win licenses and start their cannabusiness. In the past decade, they have helped their clients reach their dream of starting a cannabis business in over 27 states, and their cannabis consultants have made appearances in over 150 news publications, including High Times, Forbes, and Yahoo Finance.

Quantum9.net

How to Choose the Right Consulting Firm for Your Business

When you are choosing a cannabis consultant firm for your business, no matter what stage your company is currently at, it’s important to consider five key factors before making your decision:

• Proven track record of past success
• Lengthy and diverse experience of team members
• Cost structure of consulting fees
• Added value brought to your company
• Consistent and effective communication skills

Reach Your Cannabusiness Goals

There are hundreds of cannabis consulting firms in the US, each of them with different benefits, strengths, and knowledge bases. It’s important to understand the needs of your business and then identify a consultancy based on the considerations that are most critical to you. No matter what your goals are, there’s a cannabis consulting company out there that’s the perfect fit for you!A great cannabis consultant will arm your cannabis business with best practices, improved processes, and industry-leading technology. Request a demo with 365 Cannabis today to see how ERP can improve your cannabis business.

The post 11 Best Cannabis Consulting Firms of 2023 appeared first on 365 Cannabis.

Cannabis manufacturing software provides seed-to-sale functionality for hemp and cannabis companies. This platform records and reports required information to state systems while simultaneously collecting valuable insights for your business. Whether it’s managing inventory and production, recording necessary data for compliance, or monitoring entire seed-to-sale supply chain activities, cannabis processor software saves time and increases transparency for any licensed cannabis operation. Choosing one, however, is an important decision, and can jeopardize money, time, and resources if not considered correctly.

How to Choose a Marijuana Processor Software

Adopting and implementing new cannabis software requires time and resources, but fortunately, these seed-to-sale solutions can stick around for a long time once a company is trained with the proper software. Since features may greatly vary between the many software providers available, the decision must be driven by operational needs and objectives. Some important factors to consider when choosing the correct cannabis processor software include:

• Ensuring your system has real-time data, and tracks the entirety of your operation
• Easy to establish standard operating procedures (SOPs), so unexpected company or personnel changes don’t result in any downtime
• Compliant with operation objectives, and backed by support (software training or support services if issues arise)
• Uniquely suited to how you do your business, with the ability to integrate with the other parts of the seed-to-sale process (inventory management, report creation, data leveraging)

Other Types of Cannabis Processor Softwares (ERPs)

Enterprise resource planning is ideal for expanding hemp and cannabis companies to provide the proper collection of information. Hemp processor ERPs and cannabis processor ERPs are software platforms that bring together finance, CRM, distribution, cultivation, processing, retail, and compliance under one system,enhancing a company’s efficiency, productivity, and scalability. While generally found in bigger and well-established organizations, cannabis ERP solutions are designed for the industry, manage large quantities of data, and are extremely effective in managing and monitoring mid to large scale operations.

ERP Seed-to-Sale Solutions With 365 Cannabis

365 Cannabis delivers a complete ERP cannabis solution for any hemp or cannabis operation with unparalleled service and support. Our cannabis manufacturing software is the industry’s best solution for boosting businesses while adhering to and integrating with the many complex compliance and reporting regulations. We offer C-Suite solutions such as supply chain visibility, data-driven analytics, multi-location management, and extensive real-time reporting.

Our extensive inventory and warehousing solutions include:

• Automated inventory – set criteria for reorder points to accurately track costs and prevent product shortages

• Centralized location management – optimize your locations and reduce overhead costs of shipping, labor, and spoilage

• Vendor management – effectively manage your vendors to control costs and track inventory

• Item recall traceability – identify defective products and trace them back to their original source

Functionality is key when choosing the correct cannabis manufacturing software, and at 365 Cannabis, our goal is to deliver the most robust ERP for all of your operations. For more information about our software solutions, or for any general questions, contact us today.

The post What Is Cannabis Manufacturing Software and Why Is It Important to Choose the Right Platform? appeared first on 365 Cannabis.

A dispensary POS system is the core of your retail operation, so choosing a platform that takes care of your compliance needs and improves your customer and employee experience is essential to standing out in a crowded marketplace.

5 Dispensary Software Features for a Better Retail Experience

Regulatory System Integration

The most important feature of any dispensary software is its ability to integrate into your state regulatory systems. Common regulatory systems include Metrc, BioTrackTHC, Health Canada, and BioMauris.

Without these integrations in place, businesses are forced to double enter their data into the state system and their system. This is a huge risk to take because the opportunity for data-entry errors is increased exponentially. This could eventually lead to businesses losing their licenses for failing to maintain compliance.  

Real-Time Inventory Tracking

Real-time inventory management allows you to record your sales and purchases of inventory instantaneously. This allows you to stay updated with the most accurate key performance indicators (KPIs) in your business. Additionally, it enables your dispensary to react to changes in the supply chain quickly. 

Loyalty Programs

Customers sit at the core of every good cannabis business model. In such a saturated market, dispensaries marketing can give you an edge. Stand out by providing loyalty programs to active customers to increase brand loyalty. Equipping your store with dispensary software that can seamlessly handle targeted campaigns and customer segmentation can set you apart from your competition.

Cloud-Based

Most businesses have started to make the change from on-premises to cloud hosting, and for good reasons. Cloud hosting is flexible, agile, and cost-effective. While in-house hosting allows you to control the location of your data, the ongoing support, and maintenance costs quickly pile up. Having a dispensary software in place that hosts your data in the cloud can be a huge advantage.  

Reporting

Instead of spending an enormous amount of time compiling your data into spreadsheets to analyze, there are dispensary management systems that can quickly transform your data into consumable reports and dashboards that give your management team a high-level overview of your most important statistics. This will allow you to make informed decisions quickly while using your time to focus on what really matters, growing your business.

Demo Essential Dispensary Software Features

If you’re in the market for a dispensary management system that comes equipped with all the features mentioned above and more, 365 Cannabis is a platform that is seriously worth considering.

The platform has advanced functionality and contains the tools needed to scale your business into a neighborhood favorite. No matter how your business evolves, 365 Cannabis is a platform that can scale with you.

Equip your dispensary with a cannabis ERP system that is a cut above the rest. Request a demo with 365 Cannabis today.

The post 5 Features Every Dispensary Software Should Have appeared first on 365 Cannabis.

Expanding distributions, increasing product offerings, and ever-changing compliance regulations will make the limitations of manual inventory tracking near impossible.

Regardless of your operation type, cannabis inventory management should be one of the highest priorities. Whether you are applying for a cannabis license or currently operating, every cannabusiness can benefit from streamlining their inventory system.

Having the right system in place reduces costs, creates labor efficiencies, automates processes, and most importantly, boosts profits.

We have compiled a checklist of the top five factors to look for in a cannabis inventory management system.

Take Control Over Your Cannabis Inventory Management

Factor 1: Dedicated Cannabis Software

Having a dedicated cannabis software is critical to efficient inventory management. From cultivators to distributors, processors to retailers, dealing with large volume sales requires your system to not only be reliable but track inventory data in real-time across departments.

Cannabis ERP software offers extensive functionality when dealing with inventory management. Easily track and manage inventory levels, sync real-time sales, and use historical data to plan ahead.

The right software can boost profitability, decrease manual errors, and streamline your entire operation. After all, the end goal is to work on your business, not in it.

Factor 2: Automatic Inventory Audits

Implementing a dedicated inventory management system allows you to conduct regular inventory audits. Regular audits ensure there are no discrepancies between the inventory you have listed and what is on the shelves. 

Creating a regular schedule makes the process more efficient and less chaotic. This process should not be overlooked.

In fact, this is a compliance requirement for many legal operating states. Oklahoma requires a monthly inventory reconciliation report on the 15th of every month. California requires it every 30 days. And, our friends up north in Ontario are required to properly track, report, and submit a report on inventory by the 5th of each month.

365 Cannabis automatically generates these types of reports for your local reporting system.

Factor 3: Inventory Reporting

Keeping track of inventory is important. Even more, streamlining the production and sale of your products is critical for longevity and profit maximization.

With the right cannabis inventory management software in place, important KPI’s are easily reported on to make business-critical decisions.

Inventory turnover, days of supply, age of inventory, product performance, and gross margin are just a few that can provide valuable insights into what your future roadmap should include.

Factor 4: Recall Management

Businesses don’t produce and sell products with the intention of them being recalled, but it happens. And when it does, it is critical to be prepared and know the exact inventory batches, amounts, and locations to pull from the shelves.

This can be difficult without a cannabis-specific inventory software. If your system only tracks by product name, you could be forced to recall all your product rather than just the affected batch.

The most efficient (and compliant) cannabis inventory management systems will store all products by lot number, batch number, SKU, and barcode number. This makes it extremely easy to find and remove all the recalled inventory.

Factor 5: Automated Inventory Replenishment

Poor inventory management results in two scenarios that stunt growth: not enough stock, and too much stock. Both are problematic in that they decrease sales. 

In the cannabis industry, goods are perishable. Excess products are deeply discounted, taking up valuable shelf space, or thrown out, severely cutting profits.

On the flip side, constantly running out of top-selling products will lower your sales and can affect customer loyalty. 

With automated inventory replenishment, you no longer have to worry about over or under-producing. Remove bottlenecks and bloat with a cannabis inventory management that ensures your cannabusiness is operating at peak efficiency.

Final thoughts on cannabis inventory management

Your inventory is the most important part of your operation. Automated audits, managing supply, and reporting on product performance is crucial to the health and growth of your business. Cannabis-specific ERP software houses a robust management system that pulls real-time data from all areas of your operation, ensuring your inventory is up-to-date at all times.

Schedule a demo to see 365 Cannabis’ inventory management system in action. 

The post Checklist for Efficient Cannabis Inventory Management appeared first on 365 Cannabis.