For cannabis growers and producers, streamlining production to drive profitability is about end-to-end planning. It starts with forecasting sales to plan the resources (people and equipment) you need so your growing and production processes meet the customer demand. Along the way, you need to factor in state testing and quarantining requirements as well as how…
Product quality and potency yield: the cornerstones on which every cannabis producer builds their business. The quality of your finished products gets customers to buy from you and keeps them coming back. The potency yield you generate from the plants you process will greatly impact your production capabilities. The greater the THC and CBD yield,…
The details and updates in a company’s financial records can change as quickly as business does. In order for a company to remain compliant and keep its data safe, audit trails and tracking tools are of utmost importance. What is an Audit Trail? An audit trail is a step-by-step record that is used to trace…
We’ve all heard the age-old idiom, “A bad workman blames his tools.” But when it comes to working in a highly nuanced industry such as cannabis, the tools required to successfully run an airtight operation are crucial. To run a lean cannabis cultivation and processing operation, it is imperative to have a software solution that…
Technology plays a key role in the business success of greenhouse growers by helping control costs so they can provide plants, flowers, shrubs, and trees to customers at a reasonable profit. Technology also delivers real-time access to information, which drives faster decision-making so your team can deliver a higher level of service to customers and…
By Todd Waterman, Velosio Solution Architect How you use or don’t use technology has a direct impact on your business. During conversations with hundreds of greenhouse growers over the past five years, we have identified three common factors that keep holding growers back from running their operations efficiently: Manual processes to input data and generate…
It’s not like anyone should be surprised that legalization comes with a few trade-offs. The benefits of legal status come with tax obligations, regulation, and of course, the potential for audits – just like any legit business operation. It’s just that when it comes to the IRS, many companies experience the worst of the legal…
Legal marijuana businesses face the same hurdles all growing businesses do. The cannabis industry and marijuana business won big in the election this year, with five states voting to approve recreational use and three more voting to approve cannabis for medicinal purposes. Experts predict the newest legalizations will help spur growth in the legal cannabis…
As legal cannabis regulations spread across the U.S. and the industry continues to evolve, individual states are instituting cannabis tracking software as a requirement for oversight. Each state — and by extension each system — comes with its own unique set of rules, and responsibilities. Regardless of where you operate, or what part of the…
I considered the core principles condensed from Jim Collins’ book, Good to Great, to see how they could be applied to the growing cannabis space. Coincidentally, about that same time, our client, Cura Cannabis Solutions (Cura), announced its acquisition by industry giant, CuraLeaf (OTCMKTS: CURLF), one of the top cannabis companies. One can’t help but recognize that Cura is a real-world example of a company that is making that transition from…
