What is lean manufacturing in the Cannabis industry? With the cannabis market continuing to grow, it has also become increasingly competitive. As such, it's vital to remain lean, cost-effective, and efficient to remain profitable. Lean manufacturing is a systematic approach to identifying and eliminating waste in the production process, with…
According to a report by Globe Newswire, the global cannabis industry was worth a staggering 20.8 billion in 2021 and is expected to attain a market worth of $197.75 billion by 2028, with a CAGR of 32.04% between 2022 and 2028. With the cannabis industry growing in leaps and bounds, investors…
Are you wondering how a Seed-to-Sale ERP system can benefit your Cannabis business? You are not alone. As a growth-centric player in the Cannabis industry, you must be privy to the need for streamlined operations and continual regulatory compliance. Regardless of your position in the Cannabis Supply Chain, you will…
6 Reasons Why the Businesses in the Cannabis Industry Need an ERP System Cannabis businesses are growing, both in number and size. Because of the complexity of the cannabis cultivation, manufacturing and distribution process, an ERP system is necessary for a cannabis business to succeed by keeping track of…
In the rapidly evolving cannabis market, it is imperative for businesses to optimize their financial processes to ensure sustainable growth and maintain a competitive edge. By implementing effective strategies for cost control and enhancing visibility into your financial operations, you can make informed decisions, mitigate risks, and drive overall profitability.…
Data analytics is a vital tool for any business or industry, and the Cannabis industry is no exception. Analytics offer insight into large and often disparate systems. Businesses can make sense of trends, track responses to activities, and even sometimes predict the future with “predictive analytics”. Many Businesses Intelligence (BI)…
Cannabis businesses share the modern environment of extremely high data security risk. The cannabis industry occupies a unique spot when it comes to user data security. Depending on your place in the supply chain, the secure data handled by your cannabis business can include employee personal and financial information, private…
For many years, life science companies have been using biosynthesis to make a range of medical products, including insulin, human growth hormone, and blood clotting factors. In the recent past, researchers have shifted to using biosynthesis to accelerate the production of cannabinoids, including cannabidiol (CBD) and tetrahydrocannabinol (THC). According to…
What strategy are you adopting to meet regulatory compliance in the cannabis industry? As a player in the cannabis sector, you could face hefty fines or even closure of business for lack of compliance. Meeting compliance in the cannabis sector is a challenge with each state passing its own laws…
The current economic downturn has affected many industries, and the cannabis sector is no exception. High taxes, oversupply, price reduction, and a still-thriving illicit market continue to hurt licensed cannabis operators. Thus, cannabis businesses must adapt to market conditions or risk closure. One way to remain afloat and win over…
100 Reserve Road
Suite CC250
Danbury, CT 06810
Phone: 203-748-0481
Fax: 203-748-0508
sales@maxqtech.com
© Copyright 2022 MaxQ Technologies – All rights reserved
