More Than Compliance:
Why Your Cannabis Business Needs Traceability Solutions
Staying on top of the constantly changing cannabis laws can be overwhelming, even for seasoned cannabis business owners. As more states roll out legalization, local governments are searching for solutions to regulate and track cannabis effectively. The most successful cannabis entrepreneurs are adapting and staying ahead of the ever-changing laws and regulations by utilizing integrated cannabis traceability systems.
Why is cannabis traceability essential?
Every state has different regulations, but in general, all state governments require the cannabis producers and processors in the supply chain to keep real-time information on five main metrics, called the Seed-To-Sale record. These data points include:
● Plant counts and stages
● Current inventory
● All actions and conversions performed on the current inventory
● Any transportation from one license to another
● Records of any and all sales
The Seed-To-Sale record is the chain of custody record that’s used by regulators to ensure that state tax revenue is collected and nothing is diverted into the black market. Effective cannabis traceability systems also make recall easier in the event there’s any contamination in the supply chain. Bottom line: Maintaining full regulatory compliance protects your cannabis business against costly fines and potential shut down.
Legality is a compelling reason to make traceability a priority for your cannabis business. But in the era of Cannabis 2.0, there’s so much more to traceability than compliance alone. With the right data, you can truly take your business to a higher level.
Get the full picture with comprehensive cannabis traceability systems
Most states require cannabis businesses to use a software service like METRC, BioTrack or LEAF Data to record and report the five metrics in the Seed-to-Sale record. While mandatory, these data points won’t give you a complete picture of the safety, quality, and efficiency of your cannabis business. That’s why many cannabis entrepreneurs are turning to Third-Party Integrators (TPI). The Third-Party Integrator allows producers and processors to capture, record, and analyze real-time data at every stage in the workflow, all while collecting the records necessary for compliance. These TPI’s are very often using proven Enterprise Resource Planning programs, or ERP’s, as basis for their services.
How can an interconnected, comprehensive traceability system benefit your growing business?
Streamline scheduling and employee workload
Modern cannabis gardens and labs are more complex than ever. As your operation grows, creating, managing and communicating the production schedule with your team will be crucial. With a TPI/ERP like 365 Cannabis, you can forecast, plan, and track your cultivation process and costs while overseeing your employees’ workload, all in one convenient system.
Optimize inventory management
Proper inventory management can be time-consuming and difficult, not to mention, the risk of human error is high. Utilizing TPI/ERP to organize inventory management tasks enables you to plan ahead and predict when you need to reorder supplies, improving accuracy, efficiency, and, ultimately, profitability.
In the fiercely competitive cannabis industry, data matters. The right software will make it easier to manage time-intensive compliance and inventory tasks. The primary goal for all these tools is to allow you and your team to focus on the core competencies that result in greater sales volumes. Being able to collect data and gain actionable insight during every step of your operation will help your team stay on track and eliminate inefficiencies, and that adds up to time and money saved.
Put trust in your cannabis business
Today’s cannabis consumers have options. They want to know the products they consume meet high levels of safety, quality and consistency. With a growing demand for industry-wide transparency, traceability solutions can be the most valuable asset to your cannabis business. The ability to print key information like ingredients, potency results and expiration dates directly on your labels will go a long way in winning the trust and confidence of your customers.
At Delta9 Systems, we understand that cannabis traceability is now more than compliance, and more important than ever — not just to maintain compliance standards, but to ensure the ongoing success of your business.
We provide cannabis traceability solutions you need to unify your entire operations, ensuring safety and quality while also collecting the data that matters most. From cannabis barcode scanners and thermal printers to RFID readers, NTEP scales and partnerships with cannabis traceability software like 365 Cannabis, we have the tools and technology you’ve been looking for, all in once place. Best of all, we back everything we offer with first-class service and support that’s unparalleled in the industry.
Wondering what cannabis traceability solutions can do for your business? We got you! Contact our experts to learn more about our cannabis traceability solutions today.