Cannabis Hits a Tipping Point and Crosses the Chasm

The cannabis market has reached a tipping point and is showing all the signs of an unstoppable juggernaut. The signs are many, including: Legalization is spreading at an accelerating pace. The number of dispensaries is increasing exponentially. Deals and investments are multiplying. Big Alcohol, Big Tobacco, Big Finance, and Big Pharma have entered the market. Big brand names like Coca Cola, Heineken, and Coors are entering the fray. A vast new legal hemp market has sprung open. A new generation of cannabis consumers is emerging. Deals, Deals, Deals As mjbizdaily reports, based on the…

Power BI Gives Curio Wellness a Big Competitive Edge

In the highly competitive world of cannabis manufacturing, Curio Wellness has gained advantages by deploying a MaxQ Cannabis management solution that includes Power BI analytics.  Brad Friedlander, CIO of Curio Wellness, described how his company is deriving a wealth of benefits from Power BI. End-to-End BI Value “Our executive team uses it for sales and key metrics, sales by customer, what products are trending, how things are selling within categories, in both quantity and dollars,” he explained. “We can view data in real time, daily, weekly, monthly, and quarterly.” Power BI is used to monitor…

Cannabis Sparks a Beverage Revolution

The infusion of cannabis into beverages is transforming the beverage industry and consumers’ drinking habits. Consumers today can find THC and CBD infused into beers, wines, coffees, teas, sodas, waters, elixirs, and energy drinks. Wellness drinks, in particular, is a significant new category that is bringing  the health benefits of CBD to consumers. This first wave of cannabis drinks is only the beginning, as many of the big guns in the cannabis and beverage industries have set their sights on what promises to be a huge cannabis beverage market. Next Big Thing in Cannabis The first…

MaxQ Cannabis Management Automation Works Wonders for Curio Wellness

In the complex world of cannabis manufacturing, the ability to manage operations efficiently and minimize costs can mean the difference between success and failure. Brad Friedlander, Curio Wellness CIO, described how his company has gained a major competitive advantage by employing MaxQ Cannabis to manage its cannabis operations. Growing high-grade cannabis and producing premium products requires careful management in all stages of the operation—including planning, cultivating, harvesting, testing, curing, extraction, manufacturing, packaging, distribution, inventory management, and sales. The MaxQ Cannabis management system has yielded benefits across all these areas by enabling Curio to operate with…

Finally, a Cannabis Management System That Fits the Bill

After working with 10-15 different cannabis management systems, cannabis accounting specialist Andrew Hunzicker found the solutions were “filled with bugs, have had significant downtime, and have many features that simply don’t work.” He found further that among the existing cannabis management solutions there was not one that was “reliable, effective, or efficient.” Unfortunately, he concluded, “a reliable Cannabis ERP does not exist in 2018.” At some point, Hunzicker said, he hoped a vendor would overcome these issues and provide an “all-in-one solution.” Until then, he said, “cannabis companies are forced to piecemeal together several systems.” MaxQ…

Using Acumatica Import with an Alternate Key

When importing data into Acumatica using the Integration tools, I was under the impression you needed to have the key to a record in your data to update the existing record. Thankfully, I was wrong and Acumatica provides an easy way to do this, when you know the secret… A good example of how to resolve this issue is the way the MaxQ Cannabis solution reconciles lab testing records. In MaxQ Cannabis, there is a form that allows a user to track the testing of different products by their lot number. As required by law, these lots need to be…

A Heady but Wobbly Takeoff for Canadian Cannabis

After a big media buildup and much anticipation, recreational cannabis finally became legal in Canada. The results out of the gate were mixed, with sales surging in some places, lagging in others, and supply shortages making it difficult for many Canadians to purchase legal cannabis. One thing became clear: Canadians love cannabis. Big Bang The Ontario Cannabis Store (OCS), which sells online, reported making 100,000 sales within the first 24 hours, with sales rising to 150,000 orders within the first week. Shopify, whose e-commerce software powers a number of Canadian government cannabis retail sites, said the…

For APTMetrics, Power BI Is a Gift That Keeps on Giving

To say that Power BI has been a game-changer for HR consulting firm APTMetrics may be an understatement, according to CFO Marty Kelly. Kelly credits Power BI with not only improving his company’s performance, but with making his job and those of his co-workers an order of magnitude easier and more efficient. APTMetrics’ primary business is assessment-centered talent management solutions. Kelly says Power BI has yielded benefits across all areas of the business, including finance, marketing, sales, and operations, allowing for the consolidation of information across multiple disciplines. The scope of Power BI’s…

How to Fix Incorrect Purchase Receipt Accruals

                                    In this series, we answer real-life questions from Acumatica users QUESTION:  I have a variance in my PO accrual report. How do I correct it? ANSWER:  If you have a report in which there is an accrual account difference, the cause may be multiple Reversals of AP Bills. If this is the case, here is how to resolve it: First, if you perform a Reverse Action in an AP Bill created from a PO Receipt, as shown…

Kudos for Acumatica: Champion ERP and MaxQ’s Solution Platform of Choice

MaxQ chose Acumatica ERP as the platform on which to build advanced business solutions because of its modern cloud-based design, integrated architecture, comprehensive feature set, user-friendly interface, advanced automation capabilities, and more. It is therefore satisfying to see these same qualities recognized and validated by analysts and product reviewers in their evaluations of Acumatica. Among the sterling reviews Acumatica received this year, PC Magazine UK  found Acumatica to be best in class, with the reviewer giving Acumatica a rating of “Excellent” as well as the Editors’ Choice Award. The PC Magazine review found…