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Since COVID-19 rocked the economy, cannabis businesses and supplychains claim to have been playing catch-up to get back to business as usual. they cant fully attribute high prices to COVID-era supplychain issues unless they factor in items like growing equipment that are commonly manufactured and shipped from overseas.
Akerna (Nasdaq: KERN ), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform ® ), announced a new offering, Akerna Connect. The tools that Akerna Connect provides our dispensary are game changing.
These new team members will be instrumental as we scale our business to tackle the compliance and marketing needs of companies in both the cannabis sector and other highly regulated industries.”. Here’s the press release. Dawn Hartman is joining Fyllo as Vice President of Sales and Regulatory Databases.
Following the rules requires navigating a complex and ever-changing labyrinth of cannabis regulations, a daunting task even for the most seasoned compliance officers. For those that are fretting about the compliance status of their cannabis dispensary, here are three often overlooked mistakes that you can fix right now.
The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions. Effective supplychain management encompasses inventory management, transportation logistics, and compliance with regulatory requirements.
We are eager to work alongside the Metrc team to enhance compliance efficiencies, promote industry and consumer education, and bolster public safety to protect the integrity of the most equitable cannabis market in the country. Secretary of the Illinois Department of Financial and Professional Regulation.
In LA, the city has been trying to address the problem of illegal dispensaries popping up in various locations. Efforts to date have met with limited success, and the city announced it would start going after landlords who lease to illegal dispensaries. Dispensary vaults cannot be on a wall that abuts the exterior of the building.
Treez ( www.treez.io ) , a private company and leading provider of an enterprise cloud platform that streamlines retail and supplychain operations in the cannabis market, today announced it was ranked #13 by the San Francisco Business Times on the Fast 100 annual fastest-growing companies in the Bay Area 2021 list.
In the United States, distribution channels may include dispensaries, pharmacies, and online platforms. Dispensaries, also known as medical marijuana dispensaries or cannabis dispensaries, are brick-and-mortar establishments where patients can purchase medical marijuana products.
Maryland medical cannabis dispensary services Maryland’s medical cannabis dispensaries offer comprehensive services tailored to meet the needs of registered patients. Trained dispensary staff assist patients in product selection, dosage recommendations, and consumption methods, ensuring personalized care and guidance.
Without compliance boxes checked, the operation will not be able to launch. Dispensaries and infused product manufacturers applicant fees ranged from $6,000-$10,000. Colorado Springs, for example, doesn’t allow cannabis retail stores in the city’s jurisdiction, and El Paso and Teller Counties in Colorado prohibit dispensaries.
While the rules and regulations vary from state to state, that has not limited some dispensaries from opening locations in several regions. Each location needs its own supplychain for cannabis products within that state, for example, among other considerations. Why MSOs face unique banking challenges.
Vertical integration allows retail dispensaries to grow all their product, essentially blocking out local farmers. This Bill requires Dispensaries and Processors to purchase a minimum of 70% from independent, local farmers. The Government Employees Retirement System (GERS) and other community programs for seniors will directly benefit.
Fast-forward to October 2018, and within days of legalization there are reports of bricks and mortar dispensaries with empty shelves , thousands of online orders left unprocessed, long lines outside stores, lots of frustrated retailers and consumers, and crashed websites. The number of dispensaries in each province will vary hugely, too.
Denver-headquartered Flowhub is a cannabis retail software company which delivers compliance, point of sale, inventory tracking and business intelligence data to cannabis dispensaries through a digital platform.
Since New York’s Office of Cannabis Management (OCM) and Cannabis Control Board (CCB) issued and approved regulations regarding conditional retail dispensary licenses for the general public , businesses should start thinking about how they will incorporate social equity programs into their business plans.
20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3
The company’s intelligent UPC aims to reduce cost and increase transparency in all parts of the supplychain, from growers to brands to retailers to consumers. Cultivators and brands can use this barcode to upload and access test results and compliance certifications. He feels the same thing is happening in cannabis right now.
Tax and regulatory compliance should be simple to execute and formulated in a way that makes compliance desirable to market participants.” [1]. Our financial modelling of California’s cannabis taxes raises a couple of additional factors that have had a significant impact on behavior by participants in the cannabis supplychain.
Tax and regulatory compliance should be simple to execute and formulated in a way that makes compliance desirable to market participants.” [1]. Our financial modeling of California’s cannabis taxes raises a couple of additional factors that have had a significant impact on behavior by participants in the cannabis supplychain.
This information is accessible to state regulators, providing the ultimate transparency to ensure regulatory compliance, help combat the illicit market, and safeguard the health and well-being of Alabama medical cannabis patients. “As The State plans to begin accepting licensing applications for businesses on September 1, 2022. “We
The state’s regulatory bodies, including the Marijuana Regulatory Agency (MRA), are crucial in overseeing and enforcing compliance with industry standards. The industry’s growth is evident in the proliferation of licensed dispensaries, cultivation facilities, and ancillary businesses throughout the state.
As before, aspiring dispensaries needed to provide a $50,000 letter of credit. No doubt, this will help prevent the disastrous start for Ontario’s first 25 dispensaries – only a fraction of whom opened on time for the initial April 1 st deadline. In order to even enter the lottery businesses had their work cut out for them.
This new facility, solely dedicated to our brands, also contains multiple indoor grow rooms that enables us to fully integrate the supplychain in the Washington market and expands our partners existing growing capacity in our southern Washington facility, located at the Cowlitz manufacturing site.
Applications may include ERP, seed-to-sale, compliance, and supplychain/logistics. . These solutions revolve around the B2B and B2C transactions and include financial institutions, financial compliance, marketplaces, and payment processing. . Transactional (39). There are five new ones here which brings the total to 39.
Supplychains will become more efficient and cost-effective as plants would be grown in appropriate outdoor climates and other materials could be sourced across markets. The post Illinois Set to Award New Cannabis Dispensary Licenses After Lawsuits, Delays appeared first on SpeedWeed. View original article.
This involved developing regulations, issuing licenses to cultivators, dispensaries, and testing facilities, and establishing the infrastructure necessary for program operations. The DHSS issued licenses to cultivators, processors, and dispensaries, creating the way for the establishment of a regulated cannabis market.
To start, the idea of tracking marijuana traveling throughout the supplychain sounds simple enough. We’re not seeing it work it’s way all the way through the supplychain, which ultimately means it’s kind of a broken system at the moment,” he said. The Burden of Compliance. But not without some growing pains.
The CCA would have provided for licenses for 400 dispensaries, 450 cultivators, 60 manufacturers, and 25 wholesalers, all licensed and regulated by a newly created Cannabis Control Authority (Authority). Posted in: Civil Litigation , Corporate Compliance , Featured Posts. Christina Sava.
The amendment allows licensed hemp producers and processors to sell their products to medical and adult-use cannabis dispensaries in the state. Meanwhile, processors say they’re fielding a boom in calls from interested dispensaries, only to hang in limbo as they await guidance. We’ve had probably two dozen dispensaries reach out to us.
By simplifying the supplychain and reducing logistical barriers, these changes aim to streamline delivery operations and keep costs in check, ultimately benefiting both businesses and consumers. Gone are the days of waiting in line at dispensaries or navigating traffic to procure your medicinal marijuana products.
Compliance Panel, February 2, 2018. With these new regulations came a complicated tax system and new taxes across the supplychain. Regulatory compliance and clean accounting will be a major factor in determining which businesses survive the first few years of legalization. International Cannabis Business Conference?—?Compliance
Each legislative modification to Oregon’s regulated cannabis system has attempted to improve the industry’s economic stability by removing barriers to entering the market while at the same time enhancing regulatory compliance to address public safety concerns while withstanding federal scrutiny.
You wouldn’t think there’d be applicability to that, but I was approached to build a point of sale system based upon the iPads in the airports, because back in 2015, when you went to dispensary, you did not know what was available. I have a lot of background in supplychain. You did not know it was available.
legislation will merge hemp, cannabis supplychains. The court ruled that dispensary Shangri La Care Center filed its latest petition after the three-year statute of limitations expired. The trustee alleges it sent two demand letters to the HIA seeking a return of the money transfer, both of which were unanswered. Law 360 (sub.
How did you know you wanted to focus on the supplychain within both industries and create the solution? Our background and my background is really rooted in traditional supplychain operations and technology. I know it was a big day of celebration on the sales team when we saw the subscription come through.
In an interview with Cannabis Business Times , Cannabis Dispensary and Hemp Grower , Littlejohn expands on the importance of strengthening small businesses and businesses owned by people of color—and how it can be done. It is your supplychain. This interview has been edited for length and clarity. . Hemp Authority.
In an interview with Cannabis Business Times , Cannabis Dispensary and Hemp Grower , Littlejohn expands on the importance of strengthening small businesses and businesses owned by people of color—and how it can be done. It is your supplychain. This interview has been edited for length and clarity. . Hemp Authority.
In an interview with Cannabis Business Times , Cannabis Dispensary and Hemp Grower , Littlejohn expands on the importance of strengthening small businesses and businesses owned by people of color—and how it can be done. It is your supplychain. This interview has been edited for length and clarity. . Hemp Authority.
Denver-based ONE Cannabis and Florida-based Miracle Leaf each claim to be awarding franchises to catapult their growth, the former franchising cannabis dispensaries and the latter medical marijuana clinics. Cannabis, the fastest growing industry in the U.S. What is an Accidental Franchise? Putting It All Together.
Conscious employs over 30 employees, is led by an established management team that will remain with the business, and boasts a culture founded in quality and compliance that is consistent with the Greenlane standard.
OLCC COMPLIANCE EDUCATION BULLETIN. The OLCC this week also issued what they are describing as a ‘compliance education bulletin’ , aimed at improving the understanding that operators have about areas where rules require further clarification. Their law would allow cannabis cafe’s and consumption in dispensaries.
MSO, Quality Green, a Canadian licensed producer and Cocoon, a company changing the dispensary customer user experience through self-service kiosks. Any offering of securities may be made only pursuant to written offering documents, in compliance with federal and applicable state securities laws.
Lori Ajax and David Hua at Meadowlands on Saturday, June 16, 2018 (Photo Credit by Kandid Kush) One of our primary goals for Meadowlands was to open the channels of communication and make sure compliance and regulatory information is available to everyone in the community who needs it, not just those who can afford compliance experts.
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