Most cannabis retailers do not have an effective platform with which to transact their business more simply and at the same time stay compliant to state regulations. This is a platform that can act as a point of sale product to match their unique workflow processes and business demands. These include faster checkout lines, seed to sale tracking, customer sales limit, and a complicated inventory reporting system. You can browse around this site to get more information.
However, there exist innovative teams of specialists who can help cannabis retailers to fulfill their legal requirements seamlessly through the provision of such business management platforms. These are innovators who have helped the cannabis retail industry significantly.
Marijuana Enforcement Tracking Reporting Compliance
One of the compliance issues in the retail cannabis business is related to Metrc. The acronym stands for Marijuana Enforcement Tracking Reporting Compliance. It is a tracking system that monitors cannabis production from the first day until it is sold.
The system ensures observance in the cannabis law sector by classifying and tagging cannabis products, cannabis, and plants. It is also a Point of Sale (POS) platform that also monitors marijuana growth, transportation, and sale of cannabis.
This business management system help cannabis retailers to file quarterly tax reports by tracking and reporting all sales on a tracked product. The report is then submitted to Metrc for OLCC compliance. This report consists information regarding the quantity and dollar value of the sold product.
The most pressing issue about cannabis retailing is compliance. The system helps retailers to stay compliant with SB 863 by adapting the customer check-in queue. It can check in customers without retaining their consumer information.
Features of the Platform
The system also has the capability of acting as a central distribution center where a retailer can create a global catalog of suppliers, products, and strains for standardization purposes in all retail locations.
The platform gives business managers the ability control discounts based on automatic discount schedules on predetermined time and dates. A business owner can give discounts on strains or products easily including some dollars to be deducted.
Most of these systems are cloud-based and technologically advanced to offer optimal performance. They can be used on any Mac or PC, and one does not require to buy any hardware for installation.
The system is also compatible with most receipt printers like Star, Citizen, Epson and much more. It is advisable to use USB laser scanner to scan SKU during checkout quickly. The systems point of sale platform also works with A&D Legal for Trade Scales as well as Zebra label printers.
In a nutshell, the business management system that has been developed for cannabis retailers is a big boost to the industry because it not only increases business efficiency but also leads to increased revenues. The platform gives the trader a chance to stay compliant with state regulations and also helps him to manage his business professionally.