In January of 2018 the State of California announced they would be issuing annual licenses within 180 days and within that time the state track and trace system for cannabis, METRC, would be operational. With METRC integration imminent, now is the time to think about how to track plant movement and inventory levels to start reporting the required data back to the state. The first step you should take is to find a business partner whose software platform will provide value for your business and also assist in helping you make this transition.
Domestically in the United States, licensed cannabis business owners are working hard to deliver superior value to their customers while also maintaining compliance with state and local agencies. To say the least, the challenges facing these businesses can be both daunting and uncertain. Not only is there very little, if any, assistance for these companies, everyone is walking on egg shells to ensure their licenses are not revoked and they are not fined large sums of money.
To help ensure regulatory compliance, safety and overall public health, states that have approved medical and recreational marijuana sales and use are leveraging technology as part of the solution. Most states have a rudimentary system in place (e.g. METRC) that collects the minimum data that is reported back to the state for basic compliance. For seasoned growers and professional operators, the solution doesn’t stop here. There is a more complete, faster, and intelligent layer of technology that is being used to support cannabis businesses across the value chain.
Flourish was recently featured on Direct Cannabis Network's newsletter. Here is the complete article:
Attorney General Jeff Sessions has rescinded the Obama-era position of the Federal government to not intervene in states that have legalized marijuana. Whether this ends up being a major, minor, or non-issue remains to be seen. This does, however, further encourage individual states and the owners/operators of canna-businesses to focus on compliance.
Although the news of cannabis cultivator busts is not uncommon, a recent incident in California appears to be establishing a seismic shift in the response from law enforcement. You can read the entire Associated Press article on MSN, but here are the highlights:
Finally, the three licensing authorities and the California Department of Tax and Fee Administration today have released the highly anticipated recreational cannabis regulations. With only six weeks left until the beginning of recreational marijuana in California, Flourish will be regularly updating educational materials for cannabis business operators so stay tuned on this blog! You can also refer to our Blog A Quick Guide to Winning a Cannabis License in California for more information.
Choosing the right surface for the walls of your grow room is very important, as up to 40% of your total yield comes from the edge, and the right wall surface can increase the amount of light those plants receive by up to 30%! Artificial lighting diminishes exponentially with distance, so it is important to contain as much of this light as possible, and direct it accordingly. Reflective surfaces also help illuminate the lower portions of the garden, providing lower buds with light and heat energy.
Cannabis is still illegal at the federal level, which poses a variety of challenges for any cannabis operations attempting to conduct financial transactions even in states that have legalized pot. Not only that, carrying large amounts of cash poses huge security issues for dispensaries. However, cryptocurrencies are providing solutions to some of these problems and making it easier for cannabis related businesses to carry out transactions. While Bitcoin has become widely popular, there a few alternative cryptocurrencies that are designed just for the pot sector. Here are a few currencies that aim to make business easier for cannabis businesses: