Business processes vary for the different seed-to-sale stakeholders involved in the cannabis industry, and consequently, their pain points – whether operations-related or compliance-related – vary, too.
What a cultivator needs from a technology solution to combat these pain points differs from what a manufacturer needs, what a distributor needs, and what a retailer needs. A company may handle one, some, or all of these business operations. However, whether within the same company or between different companies, these operations aren’t isolated from one another – they’re critically dependent.
As noted in last week’s blog What’s the Cost of Compliance for Cannabis Businesses?, on-site regulatory compliance requires inventory tracking and reporting from seed to sale, and each stakeholder’s business affects the next – both downstream and upstream. A cultivator needs a reliable, compliant manufacturer, and the manufacturer needs a reliable, compliant distribution channel. At the other end, a dispensary needs products that come from reliable, compliant distributors. Seed to sale reporting is required at each touchpoint so that the state can monitor and trace every plant along its entire life cycle.
In a meticulously designed, highly regulated, and increasingly competitive market, cannabis stakeholders need a vertically-integrated technology solution that gives attention to each step in the supply chain in order to appropriately diagnose efficiency opportunities.
Regardless of the size of a specific cannabis business operation, each stage of the supply chain needs to be monitored, tracked, and reported to state systems. Compliance is achieved through operational efficiency.
Cultivators are tasked with meeting specific conditions (i.e. warmth, light, water, humidity, and nutrients) for optimal growth and require technology needs that enable them with:
Manufacturers receive the product from cultivators for processing. For manufacturers, technology needs to enable them with:
Distributors push the processed product to retailers. For distributors, technology needs to enable them with:
Next week, we’ll walk through Flourish’s solution – a flexible, scalable, and cohesive solution that answers the needs of the cultivator, the manufacturer, and the distributer – all in one.
Learn more about how Flourish tackles compliance seed to sale.