Tips, hints, and best practices from our team of Cannabis Industry Experts
You’ve heard of cannabis ERPs and probably came across some generic buzzwords alongside it, but what the f*** actually is it? That’s what we’re going to cover here in a simple, straightforward article, without all the bs. Starting with the basics.
Join us on Wednesday, December 13th on Zoom as we discuss the State of the Michigan Cannabis Industry with Mike DiLaura (CCO & General Counsel at House of Dank,) Randall Buchman (CEO & Founder of Pleasantrees,) and Robin Schneider (Exectuitive Director of the MiCIA.)
We are excited to announce that some of our members will be attending the MJBizCon, taking place November 28th to December 1st in Las Vegas, NV. This event is the perfect opportunity for cannabis executives to connect and network with over 30,000 cannabis executives and entrepreneurs from around the world.
You know those invoices your clients haven’t paid yet, even though they’ve received their product? Those outstanding dollar amounts are your Accounts Receivable (AR), and it’s becoming a major problem in the cannabis industry for a lot of reasons. You can’t pay your bills with theoretical revenue. Learn how to get your AR under control!
Attention New York state residents: after a long wait, as of October 4, 2023, adult-use cannabis license applications are now open for submission!While this is exciting news across the industry, those going through the application process can attest to its overwhelming nature. Mountains of documents are required to apply and resources for applicants are generally slim, so we created this guide to help. Below, you’ll find everything you need to complete the NYS cannabis licensing application, plus an outline of different requirements for different license types.
We’re thrilled to announce that Distru has integrated with Metrc’s new premium API service, Metrc Connect. As leaders in the cannabis software space, we’re committed to continuous innovation that enhances compliance and optimizes our customers’ operations, and integrating with Metrc Connect allows us to deliver on that promise!
Introducing Distru's newest integration with Pistil Data.
Imagine never having to jump between multiple spreadsheets, juggle various WhatsApp conversations or frantically search for that one crucial piece of paper you swear was just by your keyboard again. Ultimately, that’s what an ERP does for your entire company — it brings all of that data into a single interface where it stays up to date in real time.
One of the biggest problems with the cannabis industry right now is the sheer amount of paperwork that’s required every single day to stay compliant. This gets messy fast, but there is a better way.
Over time, more states are on their way to legalizing cannabis consumption. While this is positive news for the cannabis industry, certain hurdles create issues within the supply chain.Apart from the global pandemic, there are numerous shortages, legalization issues, and problems with licensing and supply chains for cannabis companies. Join us in this article as we discuss the whys and hows of all the problems occurring within cannabis companies’ supply chains.
IRC Section 280e has major implications for US cannabis operators, significantly increasing tax by limiting available deductions. This frustrating reality is purely based on government technicality under the 280e tax code. Keep reading to learn about 280e and how you can minimize its negative impacts on your cannabis business.
By leveraging technology, high-growth Cannabis companies can automate and streamline risk management tasks and work towards improving accuracy and efficiency and reducing risks. We're going to cover the top five high-risk areas that every company should focus on, along with technological solutions that help with a strong risk management plan;
Navigating the ever-changing cannabis industry can be quite a challenge, especially when adopting essential technologies. One of these is the Vendor Managed Inventory (VMI) model, which is perfect for streamlining your processes as a cannabis distributor.
We are excited to announce that some of our members will be attending the Network Cannabis Trade Show, taking place on April 5th and 6th in Los Angeles, CA. This event is the perfect opportunity for industry members, especially brands and retailers, to connect and network with 100 of the top cannabis brands, and 500 dispensaries and delivery groups, from all over California.
For operators in Oregon, getting started with Metrc requires completing steps in a certain order and knowing what resources are available to you to help you do that. In this post we cover how designated employees who work for a cannabis operation can get the ball rolling with getting trained on using Metrc in Oregon as their operation comes online.
Whether you’re new to the industry or have been involved for a long time, Metrc compliance forms a major part of your daily responsibilities. In Oregon, Metrc compliance is mandatory so you need to know how it works from start to finish.
There are 2 types of tagged inventory in cannabis operations: plants and packages. Metrc-provided RFID Tags are required to be on both plants and packages as per the regulations in Oregon. A complete list of CTS tracking requirements for OLCC and Medical Marijuana Registrants in the OLCC system can be found on the Secretary of State's website.
The Midwest and East Coast are the two fastest emerging markets for cannabis in the U.S., and as expected, are prone to growing pains. With over 5 years of experience working in existing markets such as California, we have learned the exact reasons why a cannabis ERP is a must have for operators under pressure to scale.
To operate at its finest, a strong processor market needs strong software backing it, and that’s exactly where Distru comes in. Let’s dive into how exactly our metrc-synced, seed-to-sale ERP can help processors thrive in an ever evolving industry.
The path to building a strong foundation involves multiple steps that you must complete in a timely manner. In this blog post we cover three of these steps that you should undertake right away upon receiving your license to ensure the best possible outcome for your business.
Finally, after months of hard work and labor, the time has arrived to harvest your plants. There are many different methodologies when it comes to growing cannabis flower, but regardless of what you prefer, there are 4 stages each cultivator has to go through: Harvesting, trimming, drying and curing.
We’re proud to announce Distru Connect: A way to help improve the dynamics of the vendor-retailer relationship by ensuring all parties have access to the same inventory data, sell-thru rates, days to stock out and other tools needed to operate efficiently in the market today.
Metrc is one of the most commonly used cannabis track and trace regulatory systems in the United States. Over 15 states, now including Oklahoma, have contracted with Franwell to use Metrc as their track and trace regulatory solution.
We’re excited to introduce our integration with LeafLink. We built this knowing one of the biggest challenges with our customers who use LeafLink is lack of inventory accuracy and lots of duplicate and manual data entry.
Have you ever agreed on a time to hang out with your friend only to find yourself standing at the meeting place wondering “Where in the world are they? They should have been here by now.” .
Along Highway 40, near the border of Western Oklahoma, there is a series of billboards that, until very recently, advertised to travelers on their way through the state.
The California Metrc API (CCTT-Metrc) experienced consistent outages for 17 days in a row, from February 16, 2021 - March 5, 2021 causing all third party integrators serious metrc-sync issues for packages to assemblies to transfers and more.
As a startup founder or an early employee, taking vacations seems counterintuitive. The infamous “Unlimited PTO” usually means you take little to none, and when you finally do get the chance to, you end up playing backlog catchup anyways.
In one of our recent webinars, our CEO Blaine Hatab did a deep dive into how cannabis operators can use sales ops to their advantage.
The cannabis supply chain is made up of five stages: cultivation, manufacturing, distribution, transportation and retail. For anyone looking to start a cannabis business or already operating one, it’s crucial to understand what the seed-to-sale process looks like.
While a robust tool for supply chain tracking and compliance, Metrc and spreadsheets is not a solution for cannabis operators to manage their businesses end to end. There are many gaps in using this approach such as double data entry, human errors and inefficiencies that you can’t afford to have.
Shareef El-Sissi, an OG in the California cannabis industry is always a few steps ahead. Tune in for wisdom on partnering with the right people, the perils of raising capital, scaling your business, and why California is poised to dominate the globe.
Maya Elisabeth is a pioneer in the California cannabis industry. Launching her brand, Om Edibles, in 2008, she takes us on a journey of the industry over the last 12 years. We learn about the healing elements of the cannabis plant and how to build a positive, lasting relationship with the plant as a consumer.
Auditing inventory is one of the most important aspects of inventory control in a cannabis operation. This process, also known as a ‘cycle count’, consists of checking the inventory level of each product in possession at the warehouse and recording it in a sheet, after which adjustments are made to reconcile physical inventory with the track and trace system and any cannabis software you may be using.
Despite the excitement of the green rush, the cannabis industry is rife with challenges ranging from compliance to taxes to human resources. And central to these management efforts is the software you select. When making a selection on which cannabis distribution software to use for your operation, it’s important to think thoroughly about each step of the process, from getting executive buy-in all the way to making a decision.
We’ve complied a list of 7 Metrc mistakes cannabis distributors can avoid. While this list is not exhaustive by any means, ensure that your team members are cognizant of these.
To promote consistency in cannabis goods naming conventions, the CDA has developed this detailed Cannabis Inventory Naming Guide that helps operators follow guidelines when naming products
Jamie Feaster is a cannabis advisor, innovator, and a co-founder of Eaze. His approach to scaling companies and brands is simple and intuitive. Tune in to learn what efforts are key to success, and how riding Space Mountain at Disneyland launched his cannabis career.
Tune in as we chat with Jocelyn Sheltraw, Director of Regional Strategy at Headet. We talk the importance of leveraging data in consumer cannabis across organizations, instead of in silos. She tells us how COVID-19 is impacting sales in March and April, 2020, and gets into favorite strains by state and consumption behavior for different demographics.
Jennifer is the director of compliance at Blackbird and is deep in the weeds on the intersection between regulations, track & trace, and operations. We go over specific laws in California and how they are manifesting for cannabis businesses as well as the track and trace system Metrc. Compliance goes far beyond just reading laws, it's matching real life business practices to those regulations
Doryn has years of experience doing cost accounting in the Cannabis industry in California. She does a deep dive on what operators should pay attention to in the industry and shares some of her experiences.
Courtney runs Shelf Life Distribution and they have been distributing in California for years. She dives into the state of the industry and her perspective on the reality of cannabis distribution.
Chris is the CEO and founder of Somatik that makes cannabis infused coffee and edibles. He breaks down the reality of running a brand in California including how he setup his own production and the nuances of getting shelf space in retail.
There are a variety of cannabis categories one should be mindful of when dealing with cannabis. The following should help you navigate what these categories mean. These are derived from METRC - a track and trace system software that California and other states use.
As of January 1, 2018, all cannabis and cannabis products sold in California must be tested rigorously under state law. The regulations, according to California’s Bureau of Cannabis Control (BCC), require that all batches of cannabis products undergo testing by third-party laboratories that interrogate the samples for safety and dosing accuracy.
Type 11 distributors, microbusinesses or type 13 transport-only distributors are the only licensees that may engage in transportation between licensees, with the exception of transport only distributors who cannot transport cannabis goods to the premises of a retailer, except for when the licensee is transporting only immature plants and seeds from a licensed nursery to a licensed retailer or microbusiness.
One of the key functions of distributors is providing storage. Type 11 distributors and Type 12 microbusinesses (who choose to operate as distributors), are allowed to store goods on their premises as long as they remain compliant.
Labeling and packaging requirements impact all the players as cannabis products travel up the supply chain. Cannabis operators in California have to comply with a number of packaging and labeling laws that the government has established to protect consumers.
Inventory management is one of the core tenants of distribution. As part of your overall supply chain management efforts, you’ll want to master the following inventory calculations that can have a big impact on your supplier and customer relations.
Ensure the following 11 components are covered in your distribution contract.
Distributor role types in California, ranging from sales & marketing to quality assurance, tax collection, storage and transportation.
In this post we’ll cover how ambitious edible manufacturers who have already laid the foundation of their business or are in the process of doing so can set themselves up for success in the burgeoning cannabis market in California and beyond.