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January 28, 2023
The Medical Marijuana and Cannabidiol Research Expansion Act
The Medical Marijuana and Cannabidiol Research Expansion Act (MMCREA) is legislation that aims to expand the research and development of medical marijuana and cannabidiol (CBD) products. This legislation will significantly impact the cannabis industry, including growers, processors, distributors and dispensaries. This article will take a closer look at the MMCREA,…
January 27, 2023
Cannabis Testing Labs Put Undue Focus on THC Potency
Cannabis Lab Testing Recently government regulators in the cannabis industry have been scrutinizing testing labs. These testing labs play a big part of the cannabis industry’s focus on delivering high-THC products. Part of the issue has to do with state regulators that don’t have systems to check and verify the…
January 20, 2023
Digital Transformation – Is traditional ERP dead?
New ERP functionality often appears first as cloud applications, not on-premises, as businesses embrace a multi-cloud world of integrated capabilities. Drivers include but are not limited to business agility and mobility to access and analyze massive data sets in near real-time across multiple systems from any device. Another driver behind…
January 13, 2023
The Role of Technology in Spurring Growth in the Cannabis Industry
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…
January 6, 2023
4 Compelling Benefits of a Cannabis Seed-to-Sale ERP System
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…
December 29, 2022
The Role of ERP in Digital Transformation
An effective Digital Transformation aims to have a consolidated view of operations, processes, data, and people across an entire organization. It enables businesses to make sound decisions and optimize resources at every stage in the value stream. To achieve a successful Digital Transformation, enterprises need to adopt a Cloud based…
December 20, 2022
Cannabis Industry Financing Challenges
Financing is just one of a list of challenges facing the cannabis industry today. Because Cannabis remains a Schedule 1 controlled substance at the federal level, it creates hurdles for businesses in the cannabis industry. The robust economic input and job creation has led to an uptick in acquisitions. Despite…
December 19, 2022
The Supply Chain in the Cannabis Industry
As an owner or manager in the Cannabis Business, it is imperative to be able to optimize and manage the internal supply chain to ensure that your business is running efficiently and profitably. The cannabis industry is growing rapidly, and competitors are entering the market on almost a daily basis. …
December 12, 2022
6 Key Considerations when Choosing a Cannabis ERP system
Consider the following factors when choosing an integrated Seed-to-Sale Cannabis ERP system Are you seeking to streamline accounting functionality, task management, and internal supply chain operations while meeting Cannabis business compliance? Then you stand to benefit by implementing a true Seed-to-Sale Cannabis ERP system. A Seed-to-Sale enterprise resource planning system,…
December 9, 2022
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