Leading Cannabis Business Software

The market is already flooded with Cannabis software companies, offering everything from inventory management software required by state regulators to dispensary software created for front-of-house operations.

FREMONT, CA: Cannabis industry experts employ cannabis software as digital tools to enhance their products and business processes. The cannabis sector has long lacked adequate access to professional equipment. Companies have been forced to make do with platforms created for other industries.

The six most crucial tools for operations of all sizes at each stage of the supply chain are listed down.

• Seed-to-sale Software

Cannabis firms can track and manage their inventory from planting to sale using seed-to-sale software. Traceability is the main function of seed-to-sale software in addition to basic Metrc reporting and real-time inventory levels.

Core benefits and key features:

Cultivation Management: It aids in growing process management and locates any plant for simple navigation.

Manufacturing Management: It supervises the entire manufacturing process, including product development and product uprooting.

Distribution management: Real-time order entry, inventory feeds, and automated order fulfilment are all features of this service.

Retail Management: Tracks the costs, profitability, budtender performance, and any other retail data.

Inventory Management: Identify every marijuana product individually by barcodes and unique IDs, and records the inventory by a sound system.

• Enterprise Resource Planning (ERP) Software

Enterprise resource planning (ERP) software manages daily business operations like supply chain operations, accounting, risk management, compliance, forecasting, business intelligence, and project management along with every function a seed-to-sales programme does. ERP software is crucial because it enables businesses to perform resource planning by combining all operational processes into a single system. Cannabis ERP software serves as a wise investment for medium-sized to large cannabis enterprises.

Core benefits and key features:

Finance and Accounting: ERP system tracks revenue, costs, and expansion strategies. Strong data analytics helps firms manage assets and make better financial decisions.

Inventory Management: By identifying the cannabis and non-cannabis inventory and assuring replenishment to maintain the demand and supply ratio, ERPs assist in reducing the need for communication with suppliers.

Regulatory Compliance: The well-designed tracking system and reporting capability in an ERP system keep track of the plants at all times.

• Point-of-sale (POS) Software

A Point Of Sale (POS) system, the combination of hardware and software, help collect payments from customers and conduct sales. Any sort of payment can be done using POS, retail, or dispensary software, whether it's online, in person, or by selecting an item from a stand or booth.

Core benefits and key features:

Orders Management: A POS system assists suppliers in planning orders for restocking products. This improves customer satisfaction by tracking out-of-stock items and setting up alerts on restocking.

Integrated Supplier Purchase:  The platform records purchases sent to suppliers which in turn help with inventory tracking. It also enables you to easily limit customer orders based on the stock available.

Customer Relationship Management (CRM): A CRM tool built into POS software trail what and when customers purchased different products. This data assists you in creating customer profiles and personalising marketing, communication, and customer service.

Compliance:  This enables POS software to be state compliant to monitor the marijuana supply chain.

Security: Many private documents, including patient information, are stored in dispensary POS systems. Advanced security mechanisms (safe cloud services, data centres, and sign-in authentication) are offered to safeguard these data.

• Track and Trace Software

Using track and trace software, the present and previous locations of any item in a supply chain can be traced. The programme provides capabilities for recording and exchanging supply chain data as well as tracking needs that are mandated by regulations.

Core benefits and key features:

1. Combines internal and external processing systems.
2. Records the history of the product from its manufacture to the consumer.
3. Recall management is handled using specific processes that command stock withdrawals or recalls.
4. Automates tracking using scanning technologies like RFID, barcodes, and QR codes

Marketplace Software

A platform for building and managing online stores that compile the offerings of various sellers for goods or services is known as marketplace software. These technologies streamline and simplify every step of setting up, hosting, and operating an online marketplace, including website creation, vendor interactions, and delivery.

Core benefits and key features:

Order Processing: When processing orders from various vendors, marketplace software allows for splitting orders and automates order invoicing following payments.

Inventory Management: The software controls inventory in many warehouses and locations.

Vendor Management: Operators have complete access and control over vendors' organisational structures.

Communication: A smooth flow of communication between operators, vendors, and customers is made possible by the marketplace platform.

Laboratory Information Management Software (LIMS)

Laboratory information management software (LIMS) handles test results, samples, and associated data increasing lab productivity and efficiency,

Core benefits and key features:

Sample Tracking: Data from a sample form for testing to storage should be recorded by the LIMS programme.

Protocol Execution: LIMS assure lab technicians follow for consistency and accuracy of results while processing a sample.

Storage Organization: Tracks samples throughout their laboratory lifespan.

Instrument Integration: To properly track samples and gather data, the LIMS needs to be linked with lab equipment.