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May 2023, the Department of Financial & Professional Regulation (IDFPR) announced that Illinois was switching its cannabis seed-to-sale tracking system from BioTrack to Metrc and listed this transition as an Essential Projects in the FY2023 Annual Cannabis Report and again in the FY2024 report.
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.
Gone are the days of growing some weed, drying, trimming, and curing it, then selling it to a broker or dispensary in some hockey bags in exchange for cash. . Today’s grower has to not only pass several kinds of product testing, they also have to build a recognizable brand and work their way through a highly regulated provincial supplychain.
This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions.
The Seeds of Europe’s Adult-use Cannabis Market Are Sprouting Europe’s recreational cannabis market has overcome major regulatory hurdles in the last few years. The following year, the Czech Republic and German governments announced plans to develop a legal framework to establish a regulated market for recreational sales.
As we explained in the first article of the series , while people often think dispensaries are the golden ticket into cannabis, they don’t realize that there is so much more opportunity in this emerging industry. Examples of plant-touching and ancillary businesses along the entire cannabis supplychain. Distribution.
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. From production facilities to dispensaries, cannabis businesses have very specific operating procedures that must be followed to the letter or it can mean big trouble.
From the moment a cannabis seed is planted to the point it reaches the hands of a patient, a complex and highly regulated process unfolds. Cultivators play a crucial role in nurturing the plant from seed to maturity. In the United States, distribution channels may include dispensaries, pharmacies, and online platforms.
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. Canada’s Cannabis Shortage is No Surprise.
Seamless data tracking helps operators optimize inventory control, accurately report sales data, and improve cultivation management. The bill also created the Alabama Medical Cannabis Commission to regulate medical cannabis from the cultivation of the plants, to processing and testing the products, to final sales to patients in dispensaries.
All totaled, these incumbents entered 88 states with Distru adding 11 and Seed and Beyond nine. Applications may include ERP, seed-to-sale, compliance, and supplychain/logistics. . Be the first to know when new content like this is available! Your submission has been received! Introduction. Key Findings.
This bill enables New York cannabis farmers to put seeds in the ground, so that the economic benefits of legalizing marijuana are not delayed for another growing season,” Cooney said in a press release. This bill allows us to start fulfilling that promise by creating a supplychain of products for retailers in this new economy.”.
Dispensaries and infused product manufacturers applicant fees ranged from $6,000-$10,000. High demand and a limited supply of opportunities to participate translates to an extremely competitive and expensive process. Non-compliant businesses face the risk of being shut down and attract negative attention to the cannabis industry.
The amendment allows licensed hemp producers and processors to sell their products to medical and adult-use cannabis dispensaries in the state. Because hemp-derived CBD is only legal for sale as a topical in the state, it’d bring about a lifeline for Massachusetts’ struggling hemp industry. A Struggling Industry.
Similarly, the MRTA requires the CCB “[t]o fix by rule and regulation the standards and requirements of cultivation, processing, packaging, marketing, and sale of. ” The CCB intends to address the sale of such products in the adult-use regulations. no later than six months after the effective date of the MRTA.”
We also speak with Colton Griffin, CEO of Flourish Software , a seed-to-sale software solution for the cannabis and hemp industries. Press the Play button below to listen to the podcast. ? Follow the Link to Listen to Previous Episodes of the Cannacurio Podcast. Cannacurio Podcast Episode 28 Transcript. Welcome to the show.
To start, the idea of tracking marijuana traveling throughout the supplychain sounds simple enough. Next, approved products would be passed from producer to distributor, and finally to retailers for sale. But not without some growing pains. Products would then be sent to labs for testing. But the problem doesn’t stop there.
Vertical integration allows a company to control all factors of production, from seed to sale in terms of the cannabis trade. The benefits of vertical integration are derived through being able to manage all aspects of the supplychain, affording ultimate control over internal costs of production. AUTHOR: Heather Allman.
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. They were actually on their third point of sale at that point in time.
When people think of the cannabis industry, more often than not, their minds immediately jump to dispensaries. However, a cannabis dispensary is just one of the many types of businesses that operate within the industry. . For example, suppose you have a strong background in supplychain.
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. Patrick Williams: What are you currently most excited about that’s going on at MCBA?
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. Patrick Williams: What are you currently most excited about that’s going on at MCBA?
For more details about each technology sector included in the report, check out my four-part series: Back Office Sector. Activity Sector. Transactional Sector. Advisory Sector. Press the Play button below to listen to the podcast. ? Follow the Link to Listen to Previous Episodes of the Cannacurio Podcast. Cannacurio Podcast Episode 19 Transcript.
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. Patrick Williams: What are you currently most excited about that’s going on at MCBA?
The Distributor is the “choke” point in the supplychain. Well, we work with that structure every day, and that includes regular contact with analysts and attorneys who are involved in both writing the regulations and attempting to implement them. Author – aBIZinaBOX Inc: Jordan S. The California Dept.
The new law envisions the licensing of retail establishments, but Minnesotans (and folks in neighboring states) will have to wait a bit longer before dispensaries open their doors in the Twin Cities, Rochester, and beyond. Only then can Minnesota growers legally plant seeds.
Listen & Subscribe: By now, we’ve all heard of the concept of using cannabis to treat ailments like cancer, ALS, Parkinson’s, seizures, HIV, AIDS, Crohn’s, and terminal illnesses, but fortunately, those aren’t necessarily what physicians are most commonly confronted with. Melanie Bone, a physician in Florida practicing cannabis-based medicine.
Initially started off in manufacturing and supplychain, and then moved over to accounting, working for the likes of folks like NetSuite and using SAP in the past. Press the Play button below to listen to the podcast. ? Follow the Link to Listen to Previous Episodes of the Cannacurio Podcast. Cannacurio Podcast Episode 34 Transcript.
Unlike Florida, Arkansas opted against vertical integration, instead authorizing separate dispensary licenses (up to 40) and cultivation facility licenses (up to eight). Unlike Florida, Arkansas opted against vertical integration, instead authorizing separate dispensary licenses (up to 40) and cultivation facility licenses (up to eight).
The number of dispensaries has risen from 24 to 78 in the past year. MMJ sales via dispensaries are expected to total $200 million-$300 million in 2018, according to projections in the Marijuana Business Factbook 2018, up considerably from an estimated $20 million-$40 million in 2017. 1, 2017, to 159,107 as of Dec.
As the cannabis industry grows, business gets more competitive, and that includes the competition to get noticed in cannabis license holders’ email inboxes. . In other words, you need to personalize the content of your email marketing messages to speak directly to hyper-targeted lists of people. . Cannabis and Hemp License Holders Are Not the Same.
California regulators temporarily suspended the licenses of over 400 cannabis businesses (or roughly 5 percent of the state’s legal cannabis supplychain) until those businesses implement track-and-trace system training and credentialing. In this week’s edition: Federal e-cigarette ban on flavored products may be in the offing.
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