A customer visits your dispensary for the first time. When you ring them at checkout, they insist there’s been a mistake. No way could the total price be so high for a $35 eighth! But alas, between excise tax, state sales tax, and local business taxes, customers are paying 20 to 40 percent in taxes on every cannabis purchase. It’s no wonder consumers nationwide are experiencing sticker shock. Read More
The waiting is finally over. Last week California’s Bureau of Cannabis Control added emergency regulations outlining the commercial sale of recreational & medical cannabis starting on January 1, 2018. These regulations are the framework of a new $7 billion dollar cannabis economy and provide the requirements to be apart of this burgeoning opportunity. Read More
This article is part II of the blog “ METRC is coming! Learning the Basics of Metrc Compliance” Please read Part I before proceeding.
METRC Tracked Events
As we discussed in part I, METRC is the recordkeeper of all activities occurring in your facility. METRC records employees, all plants, changes in rooms or growth phases, transfers, activities within a package tag, waste records, user activities, date and time of activities, sales, processing activities, and repackaging. Everything is recorded and cannot be deleted. If you make a mistake you cannot erase it but you can make adjustments and corrections to your errors.
California & Nevada have announced their decisions, both are moving forward with METRC as their seed-to-sale tracking system for the regulatory agencies of the legal cannabis industry. This means major changes are coming to the entire California and Nevada cannabis supply chain. Here’s what you can expect:
As California prepares to officially come online next year, new dispensary owners and established businesses alike will be under pressure to adapt to more stringent regulations. Colorado-based Flowhub’s POS has been built from the ground up to address major concerns ignored by previous industry-leading software. Flowhub’s inventory management platform connects to METRC and automatically reports compliance information to the state. Flowhub is the platinum standard of industry specific software due to ease of use, built-in purchase limits, inventory management, and data standardization across your entire supply chain.
Before deciding on a partner you should ask youself, What factors am I looking for in a Point of Sale? Read More
Cannabis cultivation has been both an art and a science since long before legalization. Lighting, humidity, nutrients, strains, insects, fungi, soil, flowering cycles, and so many other factors occupy the mind of a grower, whether they have one plant or five hundred. These days, there is a new variable to keep track of—compliance. The recreational market has only been open for seven years, following 73 years of prohibition—and so we have the opportunity to use twenty-first century technology to build efficiency, quality, and openness from scratch.
As state after state legalizes cannabis for recreational or medical use, more governments are choosing METRC as their state seed-to-sale regulatory solution. At Flowhub, our core mission is to deliver modern point of sale software that makes METRC compliance a breeze.
Many businesses offer software integrated into the compliance platform’s API, but only Flowhub has been built from the ground up for the sole purpose of solving the problem of compliance. Our inventory management platform sets the platinum standard—with built-in guardrails, complete activity logging, and inventory standardization across your entire supply chain.
But don’t just take our word for it—first ask yourself What factors should I look for in choosing a POS?
Flowhub already provides its customers with a suite of easy to use tools and powerful functionality to run and maintain their business. Not only can Flowhub be your primary software provider, we can now also be your resource for optimizing every area of your dispensary, cultivation, or cannabis manufacturing business.
This is a more technical blog post than usual, but the subject of what keeps Flowhub running in the face of infrastructure and security challenges is inherently technical. Buckle up and come along for the ride.
Much of modern software is delivered using a model known as SaaS, “Software as a Service”, where users no longer install software on their local computers, but have it delivered via the web, or a web-enabled app. Think Gmail. There are many advantages to this model: the user doesn’t have to install anything, software can easily be updated with new features with no effort by the user, the software can be used from a variety of locations and devices, and so on. For this reason, Flowhub, like many other vendors in the cannabis industry, uses SaaS to distribute its POS and Grow solutions.
“If we are going to legalize cannabis in the United States, then we better do this responsibly,” says Kyle Sherman, CEO of Flowhub, a seed-to-sale tracking company deeply ingrained in Colorado’s industry and increasingly endorsed by regulators. “If we are going to legalize it and convince regulators and the federal government that this is a good idea we need to show that we are tracking things and that there is transparency. Not to mention that they need to be able to tax it properly.”