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…
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…
Do you know who your customers are? If you’re like most growers, you struggle capturing contact information for your prospects and customers. You don’t feel as if you have a complete picture of your customer relationships and how they are affecting your overall success. Rather than using a CRM, many greenhouse growers manage customer touch…
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…
For growers and horticulturalists, accounting is critical when understanding the value of your plants, no matter what lifecycle stage they are in. You need to track accounting for proper tax and reporting purposes, for the bank, or for auditing purposes. Not only will good organization and impeccable bookkeeping be useful to your staff and management,…
The Fresh Produce sector is facing challenging times, with reducing prices, increasing costs, scarcer resources and increased legislation. In some countries, crops remain unpicked driving the larger growers to think of ‘upping sticks’ and relocating… not just to the next state but sometimes the next continent. Pepper growers in Texas are moving production to Mexico.…
