The cannabis industry is growing at a breakneck pace, with global sales projected to reach $33.6 billion by 2025. Both Canada and the United States are uniquely positioned for cannabis operators and cultivators, but the varying laws and maintaining compliance state by state and province by province make managing a cannabis operation very challenging.
From monitoring strain harvests, employee labor, shipping, logistics, and sales on store shelves, many operators are still tracking all of this information “the old fashioned way:” on Excel or Google Sheets, whiteboards and even simply using notebooks. To remain compliant and drive sales to make cannabis businesses more profitable, efficient, and streamlined, there are tech-enabled comprehensive solutions available that can simplify the process and elevate the business’ goals.
Overseeing, managing, and directing processes in both the United States and Canada is no easy task. Automation and the proper technology solution are innovative approaches to maintain visibility and enable efficiency within the business.
Automating the Supply Chain
Every cannabis company, no matter their size, should have a robust inventory and supply chain management system in place to organize the production flow of products from creation to sales on store shelves. In the cannabis industry in the U.S. and Canada, a successful supply chain is monitored from seed to sale. As with any agriculture business, the cannabis industry entails growing plants that are living organisms, which makes managing all the processes involved quite unpredictable and challenging.
The right inventory and supply chain management software allows for automated workflows tailored to the operation’s needs, which keep the business operating at an optimal level. Automation will help orchestrate intelligent processes, make smarter business decisions and even predict issues to keep the business moving forward – making it possible for operators to focus on the bigger picture.
Automation Brings Improved Product Quality and Consistency
Automation provides the cannabis industry with safer, more consistent products at a lower cost. Staying compliant is a necessary component, and automated systems can ensure this occurs by helping cultivators make sure that their plants are tagged correctly, remain a compliant legal height, manage THC, CBD, and terpene levels, and ensure packaging is accurately labeled. This means operators who don’t choose to automate will have a hard time keeping up with the competition, who often employ robust automation tools.
Having a standard set of company-wide Standard Operating Procedures can ensure quality across the board, which helps to retain high customer satisfaction and propel company growth. With automation, products will be unable to move forward in the pipeline until they’ve passed regulatory and quality checkpoints, which gives operators peace of mind and lets them avoid costly mistakes.
Workflow Management Tools to Ease International Cannabis Operations
Workflow management is essential for all businesses, but this is especially true for companies who operate in both the United States and Canada, and have international regulations, state and provincial regulations, and compliance to consider. Even something as simple as planting a seedling into its growing medium can be belabored by additional complex steps. From researching strains to organizing rooms, harvest schedules, inventory and employees, having the right process in place that keeps these items moving through the pipeline is crucial.
Cannabis operators may not realize how much profit they could be missing out on due to simple human error. Manually inputting data, following written checklists or even failing to monitor employee time clocks can all be wasting precious company funds. When employing an automated management tool, it becomes that much easier for the business to stay on top of its growth goals.
The Regrow Difference for Cannabis Teams
Regrow is the premier cloud-based inventory and supply chain management platform designed specifically to help cannabis organizations manage their inventory, increase their yields, maximize their canopy space, automate workflows, manage their workforce, and ensure documented compliance in all areas of the supply chain. Designed by software and process experts passionate about cannabis and helping scale the industry, the Regrow platform helps companies automate manual tasks, reduce costs, avoid supply shortages, and create dynamic workflows that help to maximize yields and increase profitability.
Regrow’s enterprise platform connects cannabis operators to their data in a system that automates workflow, tracks chain of custody, ensures SOP adoption, and provides performance analytics for executives to have timely insight in order to make faster decisions from cultivation, inventory management, manufacturing, distribution, and wholesale and retail demand management.
Driven by a core “continuous improvement” philosophy, the Regrow platform is configurable to specific business needs and easily adaptable to a company’s scaling objectives, offering prescriptive solutions while conforming to unique business requirements. It takes the complexity out of operating a cannabis business in both the United States and Canada.