Three Ways Software Increases Transparency in the Cannabis Industry

by Kristopher Samuels Writer

The importance of regulation and compliance in the nascent cannabis industry cannot be overstated. Governments are tentative when markets are uncharted and it is up to every licensed producer to put their best foot forward to improve the industry’s reputation as a whole.

We are fortunate to live in an age of incredible computing power, one where the complex processes of cannabis cultivation and distribution can be split into manageable and often automated segments. The right piece of software can improve your customer and institutional relationships while setting you up for future success. Let’s examine how.

Business Analytics

One of the most attractive use-cases for cannabis management software is viewing your business under a more objective light. By aggregating your performance numbers by region, brand, and branch, you will have a better sense of where the industry is headed and the work you need to do to elevate your offerings above the competition. In essence, software makes your business more transparent to you.

Regulators also need assistance when it comes to procuring products and supervising the licensed producers under their purview. Even though they’re enforcing the legislation, they are also getting accustomed to the ins and outs of a new regulatory framework. If you’re overseeing a national market, or even a single province’s, you need software for your cannabis business that facilitates commodity exchange, increases reliability, and fosters trust for decades to come.

Seed-to-Sale Software

Seed-to-sale software allows you to track the multitude of minute tasks involved in cannabis production. From seed propagation to online sales, you’ll have access to detailed information every step of the way. This will not only help you ensure a high-quality product; it’ll also automate the reports and databases you need to maintain regulatory compliance.

Regulators require that you compile information about every aspect of your operation. Categories include:

Sanitation practices
Storage procedures
Plant cloning methods
The responsibilities of every employee

If something goes awry, they’ll expect you to have measures in place to understand exactly what happened to prevent further reoccurrence. This can be an overwhelming challenge, especially if your business is beginning to scale and there’s less room for error. The solution is partnering with cannabis software companies who appreciate how failing forward is part of the entrepreneurial process. The best will reflect this appreciation by streamlining audits, recalls, and compliance reporting through their software suite.

Patient Registration

Serving cannabis patients safely and efficiently is more important than any revenue source could be. You always want to keep patient information secure through up-to-date encryption and tokenization software. If the company you partner with can reduce your administrative hang-ups like long processing times and excess paperwork, all the better. That way, your patients won’t feel like there’s a bureaucratic barrier between you and them. You want them to be able to build a relationship with you, understand that you’re invested in their well-being, and feel like they’re part of a community.

Cyber threats are an ever-present reality, but the integrity of your business will never have to suffer with the right software programs on your side.

As a licensed producer, the tools to monitor your cultivation, optimize distribution, and bring relief to a growing client base are right in front of you. All you have to do is be bold and let technology forge your path to longevity.