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…
Are you playing Russian roulette or firing on all cylinders? Velosio recently asked friend and strategic partner, Andrejs Bunkse to share his experience with cannabis businesses that lack the proper cannabis inventory software, accounting or business management software. Having worked as a consultant for state regulators that control who gets (and keeps) commercial medical marijuana…
Five things you need to know before you buy When we speak to cannabis/marijuana growers, processors and distributors, we’re usually talking to young companies. And there is a tendency for many of these young businesses to think small when it comes to cannabis accounting software. Rather than selecting a true cannabis ERP solution, many cannabis companies…
The world is a dangerous place for business data. Risks abound at every turn. There is the increasing threat of natural disasters along with a laundry list of cybercrimes—any of which has the potential to destroy your IT infrastructure and either destroy or deny you access to the business data you depend on. Tragically, many businesses never…
Accounting and inventory tracking capabilities are crucial for running any type of business. But, for cannabis companies, they’re an urgent priority that can make or break your business. Failing to invest in the right solutions could open the door to all kinds of risks. It could put your license in jeopardy, trigger an audit from…
If you’re a licensed cannabis company, chances are, you’re very familiar with the challenges that come with the territory. You’re managing multiple data sources, systems, and processes that must remain in-sync and compliant — 24/7. Otherwise, your business becomes vulnerable to the kinds of risks that can get you shut down, fined, even convicted. Because…
We’ve all heard the adage: “The only constant in life is change.” The Greek philosopher who originally said it, some guy name Heraclitus, wasn’t talking about greenhouse growers, but it definitely applies. The grower you are today, is not the grower you will be in five years, just as the industry today is not the…
For greenhouse growers and horticulturists, order picking and packing can be a costly process. It is also an area that can have the greatest impact on customer satisfaction. After all, getting the pick and pack processes, as well as the shipping right means the difference between being sure that the orders your customers receive are…
