Maintaining a financially healthy business by understanding cash flow, generating revenue forecasts, and streamlining AR/AP is vital to the success of your cannabis operations. And when cannabis growers and processors begin to expand, it becomes even more crucial to have visibility into specific KPIs to protect the bottom line. In this blog, we outline the five…
The keys to profitable operations for cannabis growers and producers start with gaining real-time visibility into production and inventory. This helps managers make decisions on how to streamline the end-to-end process of fulfilling customer orders. It’s just as critical to document product testing and the monitoring of waste to comply with state regulations. If you…
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…