California cannabis operators are facing a major compliance update with the launch of Metrc’s direct to consumer recall tool. This new feature was announced on Wednesday, August 20^th and changes how cannabis product recalls are managed in California. The tool shifts responsibility from dispensaries to a system driven notification that alerts consumers directly. For operators, the Metrc California recall system represents both an opportunity to build trust and a challenge to manage increased compliance pressure. 

What is the Metrc California Recall Tool? 

Metrc is the state system for California’s cannabis industry. In California, Metrc is used to monitor cannabis from cultivation through retail sale. Historically, product recalls were communicated through dispensaries and regulators, with operators relying on store staff or email chains to notify customers. Metrc is utilizing their partnership with Retail ID to communicate product information. This creates a direct channel straight to consumers from Metrc themselves. By streamlining middle steps, California regulators can deliver faster and more reliable alerts when a product is identified as unsafe or mislabeled.  

Why the Recall Update Matters for Cannabis Businesses 

An interesting side effect of this movement will be the direct visibility users have when interacting with brands and products. Dispensaries have reached varying levels of effectiveness when relaying product updates to customers. Some can be very effective or proactive with recalls while others may slap a sign up on the show floor and call it a day. This initiative thankfully reduces the workload from dispensaries and refocuses the recall discussion to the products and brands. Here are some high-level benefits we anticipate from this pivot:  

• Faster notifications ensure that unsafe products are identified and removed quickly 

• More visibility for regulators strengthens consumer protection and industry transparency 

• Higher compliance standards place more pressure on businesses to maintain clean and accurate product records 

• Reduced labor for retailers as they can advise guests to scan product for recall information, rather than actively communicating to customers 

The Risks Operators Should Consider 

On the flip side of this initiative, brands can anticipate an increased level of visibility with any potential recalls. Brands that have recurring recalls will be repeatedly brought to the forefront of the conversation which may (and should) impact their brand affinity and even market share. The Metrc California recall tool makes transparency unavoidable, meaning operators must be prepared to respond quickly and clearly to prevent brand damage.  

How California Cannabis Operators Can Prepare 

Operators with increased concerns about Metrc California’s recall tool need to zoom out and bring compliance to the forefront. There are a few options but optimizing compliance tools is essential. Many Seed-to-Sale software options focus on solely connecting to Metrc as a safeguard. A full suite ERP, however, goes past the Seed-to-Sale compliance and delivers compliance safeguard across every element of the business. A software tracker that brings in all departments into one source of truth can be leveraged for accurate inventory, batch tracking, and stopping issues before they arise.  

Being proactive is the best defense against the potential disruption of a recall. 

How 365 Cannabis Supports Recall Management 

365 Cannabis helps operators manage recalls seamlessly by combining compliance, finance, and operations in one ERP system. With centralized inventory and batch tracking, compliance integrated reporting, and financial impact visibility, 365 Cannabis equips operators to handle recalls quickly and effectively. Instead of scrambling during a recall event, operators using 365 Cannabis can act with confidence, minimize losses, and protect their brand. 

Where Do We Go From Here?

The new Metrc California recall system raises the stakes for cannabis operators across the state. Businesses that rely on spreadsheets or disconnected software will struggle to keep up with the speed and transparency regulators now demand. With 365 Cannabis, operators gain a trusted ERP partner that ensures recalls are managed with accuracy, efficiency, and accountability. 

Learn how 365 Cannabis supports California operators here.

The post How the New Metrc California Recall Process Impacts Cannabis Businesses appeared first on 365 Cannabis.

Because cannabis is a regulated product with strict expiration dates, operators must not only produce efficiently but also turn product quickly. The reality is that many overproduce which forces them to slash prices just to get product onto shelves. This cycle of oversupply and discounting has accelerated falling wholesale prices across the U.S. According to Cannabis Benchmarks, the weighted average price for a pound of cannabis dropped from $1,328 in August 2019 to just $1,093 in August 2025—a 17.7% decrease—while inflation rose by 26.36% in the same period.  

With rising costs of living and operating facing off with a race to the bottom, cannabis operators need smarter strategies to protect margins and stay competitive. 

Spoilers: we got your back on this but keep reading. 

How Can Cannabis Operators Control Their Sales Inventory?  

A major factor in the race to the bottom is discounting product pricing. Common reasons for discounting products are upcoming expiration dates and having too much product on hand and needing to make space. A solution that we have seen success with is Available to Purchase (ATP) in cannabis software.  

What is ATP in Cannabis?  

ATP is a live tool in cannabis inventory management software that delivers data to operators on how much cannabis can be legally and operationally committed to a sale. Basic inventory counts will only show how much finished product is ready to sell at that moment- just what’s on hand. An APT program is a comprehensive look at what you have on hand, what you have allocated to customer orders, what’s quarantined, what’s in the production cycle, and what’s pending testing. Where basic inventory reports give a surface-level snapshot, ATP provides a comprehensive, real-time picture of what’s actually sellable. 

How does ATP Help Cannabis Operators? 

ATP capabilities for cannabis management extend past sales availability; it can also be a compliance safeguard. The accurate numbers inclusive of products in testing or to be finished soon deliver accurate inventory across the board. This ensures alignment with the state compliance system and avoids unnecessary compliance penalties. Many ATP solutions also offer FIFO capabilities to ensure, true to form, product is sold on a first in, first out basis.  

ATP also prevents accidental oversell situations that may be costly and labor inducive to fix. Aside from oversells, there may be fees or penalties within state compliance systems for inaccurate product numbers. The ATP tool becomes a single source of truth for cannabis sales commitments and streamlines operations for your sales team.  

When paired with a cannabis ERP system that includes sales projection reporting, ATP gives operators the insights they need to forecast demand, control output, and maintain profitability.  

How Can Cannabis Operators Implement ATP Today? 

The fastest way to bring ATP into your cannabis operation is by using a cannabis ERP system designed for compliance and inventory management. With 365 Cannabis, ATP is powered by SellStack and can be built directly into cultivation, manufacturing, distribution, and retail workflows. That means operators can see, in real time, exactly what inventory is legally and operationally available to sell, without worrying about overselling, compliance discrepancies, or wasted product. 

By combining ATP with 365 Cannabis’ sales forecasting, costing, and compliance integrations, operators can finally take control of their inventory, protect profit margins, and stay competitive, even in an oversupplied market. 

To see the solution in action, schedule a demo with 365 Cannabis and discover how ATP can give your business the confidence to promise only what you can deliver. 

The post Why Available to Promise (ATP) Matters to Cannabis Operators appeared first on 365 Cannabis.

What is an ERP?  

ERP stands for Enterprise Resource Planning, and is a platform that streamlines a company’s operations, efficiency, data, and finance. The ERP becomes the internal hub for all moves made within the buisness. Major companies utilize ERP to ensure that every aspect of their organization across all locations are connected, tracked, and accounted for. Massive corporations like Ford, Under Armour and Coca-Cola all utilize ERP systems, and specifically use Microsoft-based ERP systems. The biggest draw for companies to implement an ERP is scalability- ERP systems are built for long term growth.  

What is a Cannabis ERP? 

A cannabis ERP has all the same functionionality that large scale organizations utlize, but also includes features for compliance. The ERP connects cultivation, production, manufacturing, distribution, and retail along with the most important aspect of cannabis- compliance. Any self-respecting cannabis ERP removes the need for QuickBooks or other standalone finance platforms because ERP inherently includes financal support. Metrc and BioTrack intergrations are also embedded within cannabis ERPs to ensure compliance at every step of the plant life’s process from planting the seed to hitting the customer’s exit bag.  

What is Seed-to-Sale? 

Seed-to-Sale is a term that gets used a lot in the cannabis space and may appear interchangable with POS, or even ERP, at times. Seed-to-Sale is typically used as a compliance system and POS to organize and hold all the operator’s information. This is helpful however, Seed-to-Sale does not integrate finance platforms forcing users to utilize QuickBooks or other finance platforms. While some Seed-to-Sale software programs may be more robust than others, overall they are limited by: 

• No finance management  

• No or extremely limited support for manufacturing or processsing  

• No cross-departmental integration 

• Reporting that only pertains to specific transactions or tasks, not representative of the entire buisness suite of functionality  

A Seed-to-Sale software focuses on regulatory compliance, but doesn’t offer the resources for scalability. 

What are the Major Differences Between ERP and Seed-to-Sale? 

Seed-to-Sale is a regulatory platform for compliance and limited reporting. It works for dispensaries as far as inventory and retail sales tying into state regulatory platforms. ERP is a data powerhouse that connects every aspect of an operation, vertically integrated or not, across all locations and becomes the central source of truth for business decisions. A Seed-to-Sale delivers a summary of what happened, while an ERP delivers context of why things happen and what to plan for in the future. 

Who Should Use a Seed-to-Sale vs. an ERP?  

Seed-to-Sale is a great option for single location retailers. A standalone dispensary needs a compliance tool to ensure they’re in line with Metrc, BioTrack, or whatever regulations in their area are needed.  

ERP is a great option for vertically integrated companies, multi-location and multi-state groups, and companies primed to scale their operation. Cultivators, manufacturors, producers, and retailers are able to make use of an ERP to align their entire organization, including financials.  

ERP users are able to replace multiple disconnected business tools like separate Seed-to-Sale, inventory platforms, manufacturing softrware, accounting software, and loose spreadsheets and pulls all data into one unified platform. ERP reduces human error by eliminating double entry across serveral touchpoints.  

Not every operator needs an ERP to survive; many are viable candidates for a simple Seed-to-Sale software. The operators looking for growth, streamlined operations, and a single software partner to track every COG, every BOM, every invoice, every penny moved through the organization need to be looking at an ERP.  

Ready to look into ERP software options for your cannabis business? We have a comprehensive guide for selecting the right cannabis ERP for your operation.

The post Cannabis ERP vs. Seed-to-Sale: Key Differences & Benefits Cannabis Operators Need to Know appeared first on 365 Cannabis.

The first step to making the most of your dispensary analytics is determining the sorts of data you should be diving into on a regular basis. This includes things like inventory tracking, product sales, promotional outcomes, and customer purchasing behavior and demographics, all of which play a crucial role in helping you figure out the next steps. 

Fortunately, cannabis data companies like ours make it easy, with cannabis reporting software that takes the guesswork out of data tracking. Below, we’re taking a quick look at the analytics that make the biggest impact for dispensaries – plus the benefits of putting this information into action. 

4 Cannabis Analytics You Should Be Tracking

Every type of organization relies on data for growth. The secret to making it work for you? Knowing exactly what you should be tracking and reporting on, as well as how this data can be used for the betterment of your business. 

Here are four analytics you can’t ignore if you want to succeed in the cannabis retail space. 

1. Inventory Data

Inventory reporting is a must, providing you with key insights into what’s selling, what’s not, and profitable opportunities you might be missing. Use data to hone in on your best and worst sellers, and make sure you’re optimizing your purchasing strategy by considering additional factors like product shelf life. 

2. Product Sales Trends

Whether you’re running one operation or multiple, you need to be tracking trends in product sales across retail establishments and your business as a whole. In doing so, you’ll have a leg up on planning inventory and promotions. You’ll also be able to plan ahead when it comes to cultivating certain high-value strains. 

3. Promotional Activity

A well-managed cannabis POS lets you closely track the outcomes of deals, discounts, and loyalty rewards. Use this data to identify what types of promotions your customers prefer, what keeps people coming back, and what gives you the biggest return on your spending. 

4. Customer Analytics

You can’t underestimate the importance of customer analytics when analyzing your data. This includes things like the demographics of your core audience and their buying behaviors, both of which are essential for streamlining your marketing and sales best practices. 

Benefits of Putting Cannabis Big Data to Work

You have a lot to gain from the data at your disposal. If you’re wondering whether it’s worth investing in analytics software – or if you’re trying to get more out of an existing tool – these are the sorts of achievements you should keep in mind. 

• Compliance monitoring – Statewide compliance reporting is a necessary task for pretty much all cannabis retail businesses. That means you’ll need easy access to sales reports, seed-to-plant production cycles, and more – and the ability to quickly compile that data into a cohesive report. 
• Boosted sales – The more you track sales, the more you’re able to optimize them. Use cannabis analytics to identify profitable product spending vs. wasted product spending and to get the clearest picture possible of your business’s highest-performing products. 
• Asset protection – Catching losses at their earliest stages helps protect your business from the worst of theft or fraud. By tracking inventory data, you’ll know right away if something is off rather than waiting for the problem to become too big to miss. 
• Staff efficiency – Analytics clue you in on what sorts of staffing trends make the most sense for your operations. They also let you track individual employee performance and see who’s doing their part (and who’s not). 

Empower Your Business with Cannabis Industry Intelligence  

We’re here to help you put data to work for enterprise-wide improvements. Learn more about 365 Cannabis and our cannabis software products, including innovative compliance and regulatory software, cannabis reporting and analytics tools, and more.

The post Unlock the Power of Cannabis Data Analytics to Grow Your Business appeared first on 365 Cannabis.

While this means there are plenty of opportunities to improve and grow, it also means that there is a lot to keep track of, which is why you need a Customer Relationship Management system.

More importantly, it is crucial to invest in a seed-to-sale CRM software system that includes functionality for the cannabis industry.

Best Seed-to-Sale CRM Software for Your Business

365 Cannabis

365 Cannabis’ built-in seed-to-sale CRM software is ideal for B2B, B2C, eCommerce, or brick-and-mortar cultivators, processors, dispensaries. Easily record your prospect, vendor, customer, and patient information in one system for complete visibility and traceability. Perform all of these functions while you handle your sales cycle, collecting valuable insight and maximizing revenue.

Functionality is crucial when looking for a seed-to-sale CRM software. Make sure that you have everything you need in one place, such as; campaign and segment tracking, ability to create customer pricing and discount groups, comprehensive incident management, and extensive reporting and analytics.

365cannabis.com 

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SYSPRO

If you are serious about your growing cannabis business, sales management is critical to your operation. Ignite your competitive advantage with the robust seed-to-sale CRM software for SYSPRO.

CRM for SYSPRO is tailor-made to help cannabis manufacturers and distributors maximize revenue and make remarkable gains in productivity. Work when and where you want with a CRM that moves with you—while finding complete success by integrating the front office and the back office.

Take your cannabis manufacturing or distribution organization to the next level of growth with a strong, integrated technology foundation, from a vendor trusted by thousands of companies in complex industries like yours.

us.syspro.com

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MJ Platform

MJ Platform, powered by Akerna, delivers enterprise seed-to-sale CRM software for the modern marijuana business. The CRM provides valuable customer insights, offers rewards and loyalty programs, and tracks coupon and promotion performance.

CRM software from MJ Platform has been used by dispensaries, cultivators, and manufacturers to drive cannabis seed production and increase sales.

mjplatform.com

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Distru

Distru helps drive your business forward with an intuitive seed-to-sale CRM software that organizes all your sales opportunities and existing customers. In the pipeline view, deals are categorized by customizable sales stages so that you can: track opportunities across their sales cycle; check your sales momentum at a single glance; and prioritize and refocus efforts as needed.

From managing your leads to ensuring customer success, Distru’s software is designed to maximize the effectiveness of your sales efforts according to your workflows.

distru.com

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Nextec

NexTec’s food and agriculture experts have partnered with leading cannabis industry experts to develop software that runs your cannabis business efficiently. Nextec’s solution not only handles tracking of seed-to-sale activities but encompasses your entire cannabis operations, with all the compliance needs handled along the way.

One of the biggest components is client management. Nextec includes an Integrated seed-to-sale CRM software system to manage recreational clients and B2B/B2C eCommerce.

nextecgroup.com

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Choose a CRM Software for Your Business

There is plenty of seed-to-sale CRM software available on the market, each of them with different benefits, strengths, and weaknesses.

Identifying one that will work best for your team depends on the features you need, and the budget you are working with.

Companies looking to integrate the seed-to-sale CRM with back-office accounting and inventory control may want to consider a fully integrated cannabis ERP software, such as 365 Cannabis.

Grow beyond seed-to-sale with a dedicated cannabis ERP. Request a demo with 365 Cannabis today.

The post Top 5 Seed-to-Sale CRM Software appeared first on 365 Cannabis.

Below is an overview of some of the industry’s leading companies so that you can find the best seed-to-sale tracking software for your business. 

365 Cannabis

365 Cannabis goes above and beyond basic seed-to-sale tracking software. Offering a complete ERP solution, 365 Cannabis integrates data and processes across multiple departments and locations, allowing cannabusinesses to produce, move, and track their products quicker than ever.

365 Cannabis easily tailors its software to accommodate every operation’s size and type, from cultivators to retailers and small startups to multi-million-dollar enterprises. The company makes sure that regardless of unique operational specifics, every cannabis business is equipped with the right long-term tools.

365cannabis.com

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BioTrack THC

BioTrackTHC is an all-in-one, cannabis-tracking software solution. It helps cultivators, distributors, and retailers monitor every step of the production process from seed to sale.

BioTrackTHC helps your business stay compliant by tracking necessary data and offering reporting tools customized to your jurisdiction’s regulations. At its core, BioTrackTHC will help your business with reports, marketing, data entry, and compliance.

biotrack.com

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MJ Platform

MJ Platform, powered by Akerna, is a comprehensive tracking software developed by experienced professionals who understand what tools and insights cannabis and hemp companies need. The platform provides business management technology to ensure you meet all industry compliance regulations. Cannabis seed-to-sale tracking software from MJ Platform has been used by dispensaries, cultivators, and manufacturers to drive cannabis seed production and increase sales.

mjplatform.com

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Ample Organics

Ample Organics cannabis sales software is dedicated to the Canadian market. License holders use this technology to track and report every stage of cultivation, processing, packaging, and sales.

With Ample Organics, you have access to a complete suite of products to boost the efficiency and competitiveness of your business.

ampleorganics.com

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Leaf Logix

Leaf Logix is a cannabis seed-to-sale solution designed to manage your operation and help you maintain continual compliance. Leaf Logix can be used by dispensaries, cultivators, distributors, and processors to provide full coverage from seed to sale. It is designed to help the entire value chain, whether your focus is on retail transactions at a dispensary or on manufacturing.

leaflogix.com

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Conclusion

Although cannabis track-and-trace software is an excellent choice for plant management and compliance, there are several gaps. These gaps become clear when it comes to finance and multi-department integration, but also when businesses want to consider customization and scalability. Companies looking to integrate the seed-to-sale process with back-office accounting and inventory control may want to consider a fully integrated ERP software, such as 365 Cannabis.

Grow beyond seed to sale with a dedicated cannabis ERP. Request a demo with 365 Cannabis today.

The post The Top 5 Seed-to-Sale Tracking Software Companies You Need to Know appeared first on 365 Cannabis.

Quickbooks

Owned by Intuit, Quickbooks has been around for a long time, with multiple versions available such as QuickBooks Online Plus, and QuickBooks Enterprise Solutions Platinum, Gold, and Silver. As you move to a more elite version, you get increased functionality in instances such as advanced reporting, payroll, inventory, and pricing.

Some strengths of Quickbooks include:

• Longevity and Market Presence – It would be difficult to find an experienced accountant that has never relied on QuickBooks. Since the support, community, and public knowledge is very strong, you can greatly reduce training costs if implementing this software to your cannabusiness.
• Full Range of Deployment Options – With Quickbooks, you can run solutions in a “single-tenant” configuration, giving you the option to move the app from hosting in a private cloud to a public cloud, if necessary. Quickbooks is also extremely easy to buy and set up without help.
• Easily Integrated Payroll and Payment Processing – Perhaps the best feature within Quickbooks is its reliable and convenient payroll and merchant service add-ons. These add-ons are well integrated into the QuickBooks platforms, and provide cannabusinesses with plenty of leverage regarding payment.

Overall, Quickbooks is mostly ideal for small companies and tends to lack the full range of functionality required by many vertically integrated or multi-state operators looking to scale. These weaknesses include:

• Weak User Roles and Security Options – With Quickbooks, it’s often too easy for mistakes to be made and for users to have improper access to crucial data.
• Not So Great Audit Trails – With no record of logins/logoffs, or changes to master records, Quickbooks fails to deliver well with audits.
• Limited and/or Inconvenient Reporting Options — Those using Quickbooks may have some general difficulty analyzing customer insights and reporting analytical capabilities.
• Requires Siloed Systems – If your cannabis business is looking to scale in any way, you will quickly outgrow Quickbooks. Having to combine a separate financial software with a seed-to-sale software along with several other piecemeal systems will quickly create inefficiencies and block growth.

Microsoft Dynamics 365 Business Central

One of the most glaring differences between Quickbooks vs Dynamics 365 Business Central is that the latter is a much more robust software that is part of a true ERP solution, making it significantly more comprehensive and suitable for growing cannabusinesses. Microsoft Dynamics 365 Business Central provides numerous benefits, which include aspects such as:

• One Solution for your Cannabusiness – Microsoft Dynamics 365 Business Central is a complete ERP software solution with financials and accounting as the cornerstone of the system. Combining financials, supply chain, manufacturing, operations, and reporting in one place provides real-time data, eliminates double entry, and significantly reduces costly errors.
• Overall Value – Microsoft claims that its softwares have nearly 800 features that QuickBooks does not have. When comparing Dynamics 365 pricing to QuickBooks, the former rings in at $70 USD/user/month, whereas the latter can cost up to $184 USD/user/month for the Platinum edition.
• Good Audit Trail and Reporting – Microsoft Dynamics 365 has a much more clear cut audit trail, better protecting cannabusinesses against errors and employee theft. Its reporting capabilities give users the chance to use a web-based reporting portal, easily connect data to a full reporting solution, see open purchase orders and purchase comparisons in accounts payable, and give different data access permissions to different users.
• Integration With Microsoft Office – For those who also use Microsoft Office, Outlook, Excel, or any other Microsoft products, Microsoft Dynamics 365 Business Central allows for full integration with these programs. This allows for businesses to process quotes and invoices right inside Outlook, which is hugely convenient for many.

Some weaknesses that Microsoft Dynamics 365 faces include:

• Larger investment, but a more comprehensive and secure solution
• Harder to implement, incorporate, and use without prior knowledge

What Cannabis businesses Should Look for in Software

Some major aspects a cannabusiness should explore for their cannabis financial software include:

• Granular tracking and audit trails
• Customizable and scalable software
• Multilingual and multi-currency capabilities (great with Microsoft 365)
• Full integration in line with operations

365 Cannabis

The battle between Microsoft Dynamic 365 Business Central vs Quickbooks is really comparing apples to baseballs. If your cannabusiness is looking to expand, either in size or across state or country lines, the choice is simple. Quickbooks can be a suitable option for small startups, but Microsoft Dynamics is superior for cannabis operators looking to scale.

At 365 Cannabis, our professional team and cannabis ERP software is committed to helping you grow your cannabusiness. We offer a comprehensive, vertically integrated ERP software that scales as you do. 365 Cannabis is built on Microsoft Dynamics 365 Business Central and customized to meet the needs of the cannabis industry. 

Learn more about how we can bring an optimized solution to your business, or contact us directly for any questions regarding our products or services.

The post Microsoft Dynamic 365 Business Central vs Quickbooks For Cannabis Financial Software appeared first on 365 Cannabis.

Cannabis grow software is necessary to meet these demands. However, choosing the right program to fit your business needs will require some research, as each provider offers different features that don’t necessarily fit every brand’s needs. To help you out, we discuss some important comparison tips to help you manage costs, make the right choice, and get an edge on the competition.

Cannabis Grow Software Can Improve Production, Sales, & Safety

When reviewing programs, seed to sale software cost is essential, but don’t let it be the deciding factor. The less expensive option isn’t always the best. Cannabis software management covers every area of your business and is a vital part of improving production, quality, and safety. These aspects are crucial to boosting customer satisfaction and sales. 

Another aspect to consider with the seed to sale software cost is the size of your operation. Many programs are tied to larger businesses, and these can be expensive and offer features smaller companies don’t need and can’t afford. Look for cannabis management software that scales services by size. Another consideration is to find programs that handle everything, including financial data. Options that can help you reduce reliance on other software, such as QuickBooks, can reduce how much time you spend on accounting. The more time you have to handle different tasks, the more time and devotion you can put into growing your business.

Seed to Sale Software Comparison: How to Find the Right Program

When reviewing programs, software cost is an integral part of the process—and depending on the size of your company, not all are cost-effective. A small brand with a few cannabis strains doesn’t need the level of support that a multi-state cultivator requires. 

There are a few ways to find what fits your business. As the cannabis industry grows, trade shows and events are popping up everywhere. Many are available online, allowing smaller-scale companies to gain the same knowledge previously afforded to large operations. 

These can offer valuable information about what cannabis grow software other brands are using. It also provides the chance to talk to different providers and businesses about their experiences to make an informed decision about cannabis management software.

Another option is to read reviews online— just make sure to look for reviews from third parties that have the most transparency and may offer a better level of trust. Read several customer transparencies, including negative responses to learn as much as possible before making a decision.

Cannabis Management Software Features

What features should you look for with a seed to sale software? It depends on your business’s needs. There are many aspects the right program can help you improve, such as:

• Compliance with state regulations
• Analytics to improve customer satisfaction and sales
• Inventory management to prevent low and out-of-stock items

Don’t rely solely on seed to sale software costs when making your decision. Look for the program that fits your needs and budget.

365 Cannabis Management Software

Find everything you need to grow premium recreational and medical cannabis and hemp plants in one place with 365 Cannabis management software. Our cannabis grow software allows businesses to effectively forecast the cultivation details of each genus and cultivar, optimize performance for any size operation, and stay compliant with state regulations. Handle everything from space and labor planning to yield forecasting with a few clicks on your mobile device.

The post Seed to Sale Software Comparison Tips for 2021 appeared first on 365 Cannabis.

The cannabis industry has done a lot of growing up in the last few years, even more so in the last few months. Using strategic partnerships and licensing opportunities, large cannabis enterprises are crossing state lines and building business plans with global growth in mind.

With the largest cannabis conglomerates creating a presence in key markets like Canada, Germany, South Africa, and Colombia, it’s become evident that the time is now to prepare for trade across international borders before it’s too late.

Canada: The Global Cannabis Market’s Early Leader

Canada’s status as the first G7 country to fully legalize adult-use cannabis has given a handful of cannabis companies the opportunity to create global relationships and begin wholesale transactions internationally.

Because of its first-to-legalize advantage, there is a great deal of speculation around Canada’s potential to be a production giant for international cannabis trade. While there’s still time, cannabis is becoming more widely accepted and legalized, forcing Canada to move quickly.

It will likely be another few years before US companies are given the opportunity to export internationally, let alone state-to-state. But many are starting to prepare for the inevitable long before it arrives. A few large enterprises already have the funding, the global infrastructure, and the momentum they need to start crossing borders as soon as cannabis is legal at the federal level.

Once opportunity is open to the masses, the biggest differentiator will come down to strategy and execution.

Bullet-Proof Strategy and Execution

While it may seem like Canada has plenty of time to become the global export powerhouse, it’s crucial to move quickly and take advantage before other markets legalize.

Similarly, if US cannabis operators wait for federal legality before getting their infrastructure in place, they’re already years behind. Proper execution is business-critical from an infrastructure and process approach to have the capability to “flip the switch”.

How quickly can you obtain the proper export and import permits for both the producer and/or retail distributors?

Do you have cost-efficient and sustainable logistics in place to produce and transport product?

Where do you establish facilities internationally that will yield the most ROI?

Regardless of where your market expansion takes you, the costs of doing business will quickly come to light. To ensure you’re ahead of the competition and maximizing ROI, make sure you have a bullet-proof strategy with data-driven execution to enter your preferred market(s).

Global Cannabis Market Competition and Cost

Currently, US operators are at the mercy of their local cannabis laws and producers. Federally legal cannabis in the US will shift the entire domestic market, with retailers given the opportunity to shop across state lines and naturally looking for the most cost-effective provider.

More so, global imports will increase competition while driving costs down even further. This will be great for retailers and consumers but can put a major strain on cannabis cultivators and processors.

For example, a dispensary in Denver will be able to get product that is comparable in quality from somewhere like South Africa or Colombia for a lower cost than it could get if it was produced around the block.

Inevitably, the competition for cannabis production is going to increase significantly with cost being one of the biggest driving factors.

Conclusion

Keeping your corner of the legal market is important, but if you’ve set your sights on the global cannabis market it’s time to start planning. To ensure you are setting your business up for success, it’s important to do your research, build a comprehensive strategy, and be ready to execute quickly.

Do you have the right tools in place to start expanding on a global scale? See how a cannabis ERP software with localization capabilities built-in can help your business scale.

The post Preparing for the Global Cannabis Market appeared first on 365 Cannabis.

Replacing disparate systems every year or two can become a burden on your staff and wallet. Investing in a cannabis software that is an all-in-one solution will ultimately save you mass amounts of time and money.

To get started, here are 3 things to look for in a cannabis accounting software.

1. Audit Trails & Granular Tracking

A cannabis accounting software should go far beyond basic transactions – it should provide granular financial tracking at every level.

One of the most important features to look for is the ability to track and assign costs. This would include rent, utilities, supplies, labor, and job hours, with the ability to apply these costs based on an individual plant, batch of plants, or an entire room.

With the right cannabis accounting software, these calculations should be completely automated and extremely flexible.

Transparent and detailed audit trails allow you to justify every expense.

2. Multil-Language and Multi-Currency Capabilities

Whether you’re a single-state operator with no intention of growth or already have a 10-year plan with multi-country on the docket, either way, you should always be prepared. With an enterprise-level cannabis accounting software solution, you’ll be future-proofed no matter the trajectory of your cannabis operation. Sinking costs into a solution that can’t cross borders greatly hinders your scalability and budget.

Although many systems will claim to have multilingual and multi-currency capabilities, it is crucial to determine how realistic and cost effective the solution will be.

Proprietary systems (ones built from the ground up) will likely have to custom build all the translations and currency capabilities out from scratch. This can be extremely expensive, not to mention can take years to complete. A cannabis ERP system built on a platform deployed around the world, like Microsoft Dynamics 365 Business Central, has language and currency option out of the box.

When shopping around for a new software vendor, be sure to ask what platform they’re built on. Better yet, see if they’re a true cannabis ERP.

3. Fully Integrated Cannabis Software

Any time you’re transferring data from one system to another there is room for error. Using a disparate cannabis accounting software can be detrimental to your bottom line.

A fully integrated ERP solution brings all your processes and activities into one place. As you set up a new job in the system – assigning labor, materials, space, etc – the costs involved are already connected to your finance system.

Furthermore, a single solution immediately automates dozens of processes, reducing errors, saving time, and increasing productivity.

There are many benefits to using an ERP with a fully integrated cannabis accounting solution for your operation, even if you aren’t quite there today. If you’re currently using seed-to-sale software and a few other disparate systems, it’s time to future-proof your cannabis business with an ERP solution that will grow with you.

Ready to for an all-inclusive ERP with a built-in cannabis accounting software? Contact us today to see how – your wallet will thank you!

The post 3 Things You NEED in a Cannabis Accounting Software appeared first on 365 Cannabis.