The cannabis industry is still so new and always changing, so many still find themselves wondering which cannabis industry software to use. This includes cannabis law makers whom must appoint a track and trace software for their state to use and cannabis businesses who will use seed to sale software, point of sale software, inventory control and accounting softwares. Many states are already operating on a variety of different software solutions and have complaints about almost all of their abilities. There are so many, how can we tell which one is the best seed to sale or ERP software for the cannabis industry?
Seed to Sale Software
Let’s start with seed to sale software. For an in depth understanding of seed to sale software, check out our lesson on seed to sale software. In short, seed to sale software refers to a type of technology solution used in industries such as cannabis cultivation, manufacturing, and distribution. The term “seed to sale” reflects the software’s ability to track the entire lifecycle of a cannabis product, from the moment the seed is planted to when the final product is sold to a consumer.
Key features of seed to sale software typically include:
- Inventory Management: Tracking and managing inventory levels throughout the cultivation, processing, and distribution stages.
- Compliance Tracking: Ensuring compliance with local and state regulations by documenting all aspects of the production process, including cultivation practices, product testing, and sales transactions.
- Batch Tracking: Assigning unique identifiers to batches of products, allowing for traceability and recall management if needed.
- Point of Sale (POS) Integration: Integration with POS systems for seamless sales transactions and inventory updates.
- Reporting and Analytics: Generating reports on sales, inventory levels, and compliance metrics to help businesses make informed decisions and demonstrate regulatory compliance.
- Security Features: Implementing security measures to protect sensitive data and maintain compliance with industry regulations.
Seed to sale software is particularly important in highly regulated industries like cannabis, where strict compliance requirements exist to ensure product safety, quality, and legal adherence. By providing a comprehensive digital solution for managing every stage of the production and distribution process, seed to sale software helps businesses streamline operations, minimize compliance risks, and maintain transparency across the supply chain.
There are many things to consider when choosing a seed to sale software system. Knowing your priorites are key. For cultivation or manufactuing, being able to track cost of goods may be key. In retail there are other components like, marketing, loyalty, and online menus may be considered. For delivery or distribution we are best to consider options for route optimization. For all systems, meeting your local regulation requirements is a must.
Current Options for Seed to Sale Software
A few different Software Solutions, in no particular order, are as follows:
So which software offers all of these necessary components? The short answer is, none. There is not one, all in one solution, currently on the market. This contributes to the frustration many business owners in the cannabis industry encounter. They must purchase subscriptions from multiple software systems in order to incorporate technology into the company operations.
Then, you ask which software system is the best for the industry?
Unfortunately, there is no straight answer. This will depend on your business model, company values, and state or province requirements. Start up companies may prioritize a budget friendly software. Larger corporations may prioritize how user friendly the software is, its ability to process large amounts of data, and the option for custom reporting. Some states require the use of a seed to sale software that integrates with their designated track and trace software (METRC and PMP for example), while other states do not have limitations on the seed to sale tracking system that a company will use.
To conclude, every software system is designed with different objectives in mind. To find a perfect fit, will take some company evaluation and time. We can help you discover what software system would be perfect for your business. Checkout our Guide to Choosing Seed to Sale Software. Let us help you choose the best software for your company. Contact us today for a FREE 30 minute consultation!
