As the market uncertainty in the cannabis industry continues—and the competition grows fiercer— growers and processors need to maximize profits to protect their bottom line. By deploying an automated ERP solution like SilverLeaf running on Microsoft Dynamics 365 Business Central in the cloud, managers can gain access to key performance indicators that identify areas where…
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As cannabis evolves into a more heavily regulated space, companies are increasingly turning toward so-called “seed-to-sale” solutions to maintain compliance and mitigate risk. Seed-to-sale software keeps detailed records on your crop – from when you plant the seeds, until they grow into mature plants, and from there, morph into gummies and vape pens ready to…
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The cannabis industry has experienced remarkable growth and state-based legalization, but understanding and following compliance requirements can be a daunting task for businesses in the sector. There are various regulatory requirements that cannabis businesses must follow, such as licensing, testing, packaging and labeling, and marketing restrictions. While these regulations are already strict, they become even…
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Beneath the haze of change and innovation, the cannabis industry is flourishing like never before. Fueled by a surge in legislation and growing social acceptance, this sector is an unstoppable force, ripe with potential for entrepreneurs, investors, and policymakers alike. In this article, we delve into the top ten cannabis industry trends that are driving…
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This article provides an overview of best practices and tips for developing a winning cannabis cultivation business strategy. Keep reading to learn about site selection, genetics, cultivation planning, and regulatory compliance. The legal cannabis market is rapidly expanding, so it’s no wonder entrepreneurs and investors are taking notice. But cultivating high-quality cannabis at scale requires…
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The key to scaling operations and running your cannabis business more efficiently is to gain access to real-time data. It’s just as important to determine which reports you need and the information your managers and frontline staff want each report to convey. The required information will vary by role. Some will want dashboards they can…
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It’s no secret that the differences in federal and state cannabis legislation can hinder business growth and financial stability, making it difficult for cannabis businesses to thrive in this highly regulated industry. Cannabis businesses face challenges in accessing financial services, limiting their banking options and impacting their operations and growth. And, with conflicting federal and…
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Cannabis growers and producers rely on entry-level accounting systems (like QuickBooks) and spreadsheets to run their complying with state regulations. Whether it’s entering data into a state-mandated system—like Metrc or BioTrack—or reacting to auditors who drop in for a surprise visit, there’s a lot of scrambling to manually compile all the data from the financials,…
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Something seems off in the pricing for the vape cartridges you sell to one of your major retail customers. Or perhaps the terms for another customer that buys large quantities of edibles have been extended to 60 days, and you’re not sure why. Both cases illustrate the need for cannabis growers and producers to closely…
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Many growing cannabis producers have solved the challenge of using manual spreadsheets and entry-level accounting programs by transitioning to SilverLeaf CBC from Velosio as their ERP system. SilverLeaf is powered by Microsoft Dynamics 365 Business Central and integrates all financial and production functions to optimize cannabis business operations. In Part 2 of our Mastering Cannabis…
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