The complexity of running a cannabis business makes it one of the more challenging industries in which to operate and turn a profit. As the cannabis industry continues to evolve, business owners face a unique set of six challenges that can impact their success. There’s a range of business types—from cultivation to production, distribution, wholesale,…
Client Overview DreamFields, the parent company of the popular cannabis brand Jeeter, began in California as a shared dream between three executives. With headquarters in Desert Hot Springs, CA, Dreamfields is constantly looking for ways to expand and improve upon the dream. DreamFields has teamed with the finest cannabis industry operators, partners, consultants, and professionals.…
You’re just about to launch or you have recently started your business for cultivating, processing, distributing, or selling cannabis products. With all the capital you’re investing in land, buildings, and equipment as well as staffing up your team, you might be tempted to cut costs when it comes to the operational software you choose for…
As the market uncertainty in the cannabis industry continues—and the competition grows fiercer— growers and processors need to maximize profits to protect their bottom line. By deploying an automated ERP solution like SilverLeaf running on Microsoft Dynamics 365 Business Central in the cloud, managers can gain access to key performance indicators that identify areas where…
This article provides an overview of best practices and tips for developing a winning cannabis cultivation business strategy. Keep reading to learn about site selection, genetics, cultivation planning, and regulatory compliance. The legal cannabis market is rapidly expanding, so it’s no wonder entrepreneurs and investors are taking notice. But cultivating high-quality cannabis at scale requires…
It’s no secret that the differences in federal and state cannabis legislation can hinder business growth and financial stability, making it difficult for cannabis businesses to thrive in this highly regulated industry. Cannabis businesses face challenges in accessing financial services, limiting their banking options and impacting their operations and growth. And, with conflicting federal and…
Cannabis growers and producers rely on entry-level accounting systems (like QuickBooks) and spreadsheets to run their complying with state regulations. Whether it’s entering data into a state-mandated system—like Metrc or BioTrack—or reacting to auditors who drop in for a surprise visit, there’s a lot of scrambling to manually compile all the data from the financials,…
Something seems off in the pricing for the vape cartridges you sell to one of your major retail customers. Or perhaps the terms for another customer that buys large quantities of edibles have been extended to 60 days, and you’re not sure why. Both cases illustrate the need for cannabis growers and producers to closely…
Many growing cannabis producers have solved the challenge of using manual spreadsheets and entry-level accounting programs by transitioning to SilverLeaf CBC from Velosio as their ERP system. SilverLeaf is powered by Microsoft Dynamics 365 Business Central and integrates all financial and production functions to optimize cannabis business operations. In Part 2 of our Mastering Cannabis…
Sara Silver—our Director of Horticulture Solutions—and Matt Goodson—a Senior Consultant for Velosio—present the reporting and business intelligence (BI) capabilities you can leverage in SilverLeaf, which integrates all the functions to optimize your cannabis business and runs on top of the best-in-class ERP platform, Microsoft Dynamics 365 Business Central. If you manage a cannabis business and are…
