Cannabis is rapidly becoming a large business idea. Many states and countries continue to legalize it. It could be due to its medicinal value or its recreational value. Despite that, according to the more info on weed detox pills, there are still many who are attempting to flush it from their system using detox from marijuana.
Nonetheless, it is unique in different ways. For instance, in California, the state law considers marijuana to be legal, but the federal law deems it illegal. Most governments welcome the sale of cannabis due to the revenue it brings. Due to the complex nature of the business, those dealing with marijuana need cannabis software.
If you’re a cannabis grower, manufacturer, distributor, or an owner of your own dispensary, you must ensure regulatory compliance and maximize your profit. The cannabis business needs strict accountability, or you will suffer significant losses.
Why Other Accounting Systems Are Not Suitable for Marijuana
The type of recording required in the cannabis business is complicated. Therefore, it needs a software tailored to meet such complexity. Conventional accounting systems such as Xero and QuickBooks lack a cannabis chart, making it hard to integrate them with other marijuana software.
Most states that have legalized cannabis need to keep track of every marijuana plant grown. To add to the complex nature of the cannabis, some states have a separate tracking software – the seed to sale system.
The cannabis seed-to-sale software is accurate in tracking and is simple to use at every stage of your operation. However, it is difficult to use and does not integrate well with both cannabis and accounting software.
The cannabis software can adapt to your specific need. It can track compliance, infusion, cultivation, and inventories. By using actual data, the software can plan and manage production from the initial raw material stage.
The Seed to Sell Software
Each state needs cannabis business people to have the seed to sale tracking system. The system has the metric which tracks amounts and has to be updated by companies on a daily basis.
The software has several challenges and is ineffective even in tracking simple quantities being transferred to a different location. For example, moving a gram of cannabis from station A to Station B. There is a possibility that Station B can receive a pound instead of a gram.
The metric lacks the control to prevent this type of errors. In the case of the example above, at the end of the month, while filling returns, the quantities received will not match the quantities shipped.
To prevent this, cannabis accounting specialists are working on coming up with a better cannabis system. However, until then, those in the cannabis business have to work with this system.
Is Cannabis a Suitable Niche for Enterprise Resource Planning?
With the increase in medicinal use for marijuana, companies are seeking to employ a business management system to track their cannabis operations. The sale of cannabis is rapidly growing. Consequently, the industry is branching out. Responsible and legitimate cannabis experts are exploring the cannabis ERP.
Regrettably, there is no reliable cannabis ERP yet. ERP software may cost a fortune, but their functionality and effectiveness give you value for your money. Some of the ERP Softwares specifically designed for cannabis include:
- ROAR- Guardian Data Systems
- Cannabusiness ERP- NexTec Group
- Viridian Sciences
Advantages of Using the Cannabis Software
The benefits of using the cannabis software include:
- Better job management as the software reports on the amount of marijuana produced
- Formula management – the software reports on cannabis being used for research or development purposes.
- Sales order management – with the software, you can track marijuana received or sold; for example, the number of shipment per location or customer.
- Inventory management – reports on the amount of marijuana in the inventory over some time.