Benefits of cannabis seed to sale software
In the cannabis industry, seed-to-sale tracking involves using special systems to track cannabis plants and packages as they’re delivered to license holders across the supply chain – from the cultivator’s seeds all the way through processing, manufacturing, testing, delivery, and final sales to patients or consumers by a dispensary.
The purpose of seed-to-sale tracking is to reduce illegal cannabis production and sales as well as to provide a digitized system for reporting and inspections in order to ensure license holders are complying with all relevant laws.
There are many seed-to-sale tracking system providers in the cannabis industry, and not every state that has approved medical and/or recreational marijuana requires seed-to-sale tracking. Among those that do require it, 21 states had awarded exclusive seed-to-sale tracking contracts to four specific providers as of a September 2018 report from Marijuana Business Daily:
These numbers have changed a bit since that report was published. In 2019, METRC was selected as the seed-to-sale tracking system for Missouri while BioTrackTHC won the contract in Maine and MJ Freeway was awarded a contract in Utah. However, METRC is still the market share leader, and METRC and BioTrackTHC still hold the vast majority of exclusive state contracts.
Want to learn more? Download Leafy Green Agency’s free resource: Cannabis Industry Seed-to-Sale Tracking Systems.
Benefits of Seed-to-Sale Tracking in the Cannabis Industry
Seed-to-sale tracking systems are typically thought of as benefiting state governments the most because they make compliance monitoring easier by enabling state officials to quickly see where cannabis and cannabis products have been and where they’re going.
However, seed-to-sale tracking industries also help cannabis businesses by streamlining compliance processes, optimizing operations, and reducing costs thanks to a variety of additional features built into the software that help businesses operating across the supply chain.
Benefits for Cultivators
Cultivators can leverage the real-time data in a seed-to-sale tracking system to monitor harvest data and record and track plant genetics and cross-breeding. As a result, they can optimize processes to grow larger yields, monitor clone potency, and more.
They can also create custom workflows within the seed-to-sale tracking system and collect data at multiple points during cultivation, which helps with everything from applying nutrients to grading product quality.
Benefits for Processors and Manufacturers
Processors and manufacturers use seed-to-sale tracking systems for compliance as well as to track and analyze data and make process improvements based on the insights they gather. For example, all product details, including inventory, labeling, potency results, expiration dates, and more can be tracked in the system, which saves time and money by enabling the system to automatically complete related processes in the future such as instantly “locking” a product when it expires.
A seed-to-sale system can also be used to track and report transactions and transportation manifests so regulatory reviews are easy to prepare for and opportunities for improvements are easy to spot and act on.
Benefits for Dispensaries and Retailers
Seed-to-sale tracking systems allow medical cannabis dispensaries and adult-use retailers to analyze consumer trends, optimize inventory, minimize human data-entry, reduce human error, and maximize profits.
For example, the system can track consumer purchase limits, track inventory, automatically update menu displays, and facilitate online ordering, among other things. Dispensaries and retailers can also use their seed-to-sale systems to set up automatic discounts and loyalty programs as well as to create customer profiles to track purchase histories, preferences, rewards, and more.
Using this data, dispensaries and retailers can send targeted, personalized email communications to boost repeat purchases and customer satisfaction through the email marketing and customer relationship management (CRM) tools built into most seed-to-sale tracking systems.
How to Learn More About Cannabis Seed-to-Sale Tracking Systems
Understanding seed-to-sale tracking systems takes some time and research. To make it easier for you, Leafy Green Agency put together a simple resource that you can download for free right now: Download Cannabis Industry Seed-to-Sale Tracking Systems.
This free resource introduces you to the market’s dominant seed-to-sale tracking systems so you can begin your research into each one.
To learn even more about these systems, register for one of Leafy Green Agency’s upcoming seminars. Leafy Green Agency offers in-person cannabis industry certification seminars across the country for entrepreneurs, businesses, job seekers, budtenders, brand ambassadors, dispensaries, cultivators, investors, and more.
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Leafy Green Agency was founded by Dr. Vanessa Niles, M.D. Dr. Niles is recognized as one of the leading authorities on the delivery of quality medical care in her specialty and is an enthusiastic, dedicated, passionate, and compassionate cannabis advocate.
Cannabis Compliance Software: Benefits of Seed to Sale Tracking
There’s a lot to know about cannabis compliance software and seed to sale tracking. That’s why we’ve put together this article to get you up to speed!
The sheer number of states that have implemented medical cannabis programs is simply astounding. California led the way with Proposition 215 back in 1996, largely due to activism by HIV/AIDS and cancer patients. In October 2019, a nationwide Gallup Poll found that 66 percent of Americans favor legalizing cannabis. Diving deeper, 74 percent of African-Americans and 57 percent of Hispanics now favor legalized cannabis and 11 states permit adult-use sales.
These trends clearly show that attitudes are changing and there are excellent opportunities for growth in the cannabis business. States are adapting to the new cannabis environment, but with acceptance comes responsibility. Many states implemented strict (some would say overly burdensome) regulatory requirements. Most require seed to sale tracking platforms and it’s good business to know about the benefits of seed to sale tracking for your state’s regulated program. While specific requirements differ from state to state, compliance itself is a mandated requirement.
Do Most States Require a Seed to Sale Tracking Program?
The answer is yes, most cannabis-regulated states require a cannabis compliance software system for tracking cannabis cultivation and production, packaging, shipments/transport, testing, inventory management, waste disposal, and retail sales. Early medical marijuana adopter states like California, Colorado, and Oregon require cannabis businesses to use Metrc®. It’s a specific tracking and cannabis compliance software platform that is gaining in popularity across the nation with eleven states, recently including Maryland and Massachusetts. The state of Oklahoma appears to be bucking the complicated compliance trend as it currently only requires basic monthly reporting via its template.
For the majority of states that require extensive reporting, data entry and other compliance mistakes can be costly. The solution is cloud-based, seed to sale tracking solutions by cultivators for cultivators. Our cannabis compliance software simplifies compliance by seamlessly integrating with state-mandated platforms like Metrc and others. This may be the greatest benefit of using the BLAZE platform. Even if state governments change their reporting requirements at some point in the future, you can be confident that data collected and managed by BLAZE will adapt to any future reporting and compliance requirements. We’ve got your back and will do the heavy lifting so you can concentrate on growing your business.
What Are the Benefits of Seed to Sale Tracking?
Our strategy is to turn a burden into an opportunity; sort of like turning lemons into lemonade only with cannabis. Here are a few benefits to consider:
Simplify Data Reporting & Compliance
This is perhaps the holy grail of cannabis reporting requirements. If your staff relies on entering compliance data by hand you run the risk of creating serious problems with unintended errors. BLAZE provides templates and other reporting options to reduce unintended errors and simplify data entry for Metrc and other state-mandated reporting requirements. It also has built-in warnings when data (or timing) is not in sync with your state’s compliance requirements.
Knowing and managing inventory details is essential for any supply chain as complicated as the cannabis marketplace. Employees, customers, and regulators all need accurate and up to date inventory management data.
Real-Time Cultivation Metrics
Track the physical elements of your grow including your “recipe” of nutrients, environmental conditions, water use, etc. the optimal harvest time and dialing in your curing process. Protect your terps!
Running any kind of cannabis business is an expensive endeavor. Data can help tell the story of where your money is going and good analysis can show you how to manage it better.
Create Streamlined Processes and Techniques
Improve how your team performs their jobs. Data analytics allows you to examine workflows, procedures, and processes to gain insights into what’s working, and, more importantly, what can work better?
No pun intended, but most cannabis business owners want to grow their business. Have you thought about how you can scale up without massive disruption to your current operations? Seed to sale software helps you with forecasting and planning so, like a healthy and happy sativa plant you can grow to new heights.
Unfortunately, theft exists in cannabis operations. Seed to sale hardware and software won’t completely eliminate potential employee theft issues. However, it makes it much harder to steal a plant, bud, or other product because tracking data will detect if something is suddenly missing from the system.
Having sales data literally at your fingertips makes planning and strategizing a more straight forward process. Again, what story is the data telling you? What’s on track? What’s not, and how can you improve it? What trends are emerging in the marketplace that you can take advantage of before your competitors do?
Tax Collection and Reporting
Medical and adult-use cannabis sales hold the promise of substantial tax dollars going into the state’s coffers. This is one reason why state and local governments are changing their position on cannabis sales. The state wants its cut and accurate reporting is crucial. Without it, you can bet that the taxman will be knocking loudly on your office door.
We are proud to be a part of the cannabis community and marketplace. We’d love to start a conversation to see how we can play a role in your cannabis business success. Contact us and let’s explore how we can help you. Reach out online or call us at (415) 964-5689.