Industry: Cannabis

Depositphotos Xl Scaled

Learn More About 4 Keys to Profitable Inventory Management for Cannabis Growers and Processors

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…
Greenhouse With Rows Of Cannabis Plants

Learn More About Streamlining Cannabis Cultivation and Production to Drive Profitability

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…
Cannabis Potency And Yeild

Learn More About Ensuring Cannabis Product Quality and Potency Yield

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,…
Keys to Compliance in the Cannabis Industry

Learn More About Keys to Compliance in the Cannabis Industry

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…
cannabis irs audit

Learn More About What Cannabis Companies Need to Know About IRS Audits

It’s not like anyone should be surprised that legalization comes with a few trade-offs. The benefits of legal status come with tax obligations, regulation, and of course, the potential for audits – just like any legit business operation. It’s just that when it comes to the IRS, many companies experience the worst of the legal…

Learn More About Marijuana Business: A Budding Challenge

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…
Cura Cannabis

Learn More About Top Cannabis Companies: Cura Cannabis Solutions Makes the Move from Good to Great

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…
Inventory Software

Learn More About The (Life or Death) Importance of Accounting and Inventory Tracking System Capabilities of Cannabis Business Management Software

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…