Industry: Cannabis

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Learn More About Developing a Winning Cannabis Cultivation Business Strategy: Best Practices and Tips

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…

Learn More About Navigating the Complexities of Cannabis Legislation: Challenges and Opportunities

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…
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Learn More About Why Cannabis Operators Need a Comprehensive Compliance Solution

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,…
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Learn More About How Change Tracking Plays a Pivotal Role in Cannabis Operations

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…
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Learn More About Mastering Cannabis Operations: Personnel, Planning, and Production

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…
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Learn More About Mastering Cannabis Operations – Part 4: Reporting and Business Intelligence

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…
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Learn More About 5 Steps to Financial Success for Cannabis Growers and Processors

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…