Depending on where you live and your sociopolitical education, your view of the cannabis industry might be skewed. Many people still hold this antiquated view of a bunch of hemp wearing unkempt hippies sitting around in a circle stuffing marijuana into bags. Most of us know better. In states where marijuana is at least legal for medicinal use a strong technical infrastructure is being built around the cannabis business. From dispensary management software to mobile applications and cannabinoid research, the cannabis industry is getting a 2.0 upgrade.
Every industry needs some sort of framework to not only operate under existing laws, but better serve its customers. The cannabis industry is no different. Flowhub is a piece of cloud-based software that embodies both these concerns. A point-of-sale system with a robust back-end, Flowhub’s API automatically reports sales to governing organizations like METRC. This enables dispensaries to run a streamlined business without having to worry about the paperwork involved in selling legal marijuana.
Similar to the CRM elements of something like Salesforce, the Flowhub back-end handles inventory management, employee specific permissions, data analytics and transaction control. Another benefit to the industry at large with Flowhub is its seed-to-sale grow management system. This enables growers to manage their product electronically. It tracks plant growth, staff activities and plant movement using Flowhub’s NUG mobile scanner.
On the active ingredient side of the business, companies like Teewinot Life Sciences focus on the bio-synthetic production of pharmaceutical grade cannabinoids. For Tampa based Teewinot, it’s not just about the plant, but about the advancement of the medical properties of cannabis, which are the diverse chemical compounds found within cannabis. Its goal is to supply cannabinoids to other companies focused on developing drugs for a multitude of specific indications.
The end users will also be introduced to new technology in the cannabis industry. Apps like PotBot allow users to find the right strain of marijuana for their particular need case. MassRoots is a social community for cannabis users and businesses while LeafList is a reputation management tool for the same base. LeafList is owned by Green Lion, a company working on an API to bring it all together.
Green Lion’s NOS (Natural Order Supply) API seeks to partner with any cultivator-facing software platform (seed to sale ERP management, automated sensing or dispensing, grow journals and so on). The goal is for the API to be both a data source and a logistics service to drive value to the end customers. The NOS partner would develop a marketplace within their platform and NOS would provide access to the necessary item information and as necessary, payment verification and delivery of the products to the end consumer. Like most API software, it is being built to scale with the industry as it grows, taking things like supply chain management and new front-end software programs into account.
No matter which way you hold the roach, the cannabis industry is becoming much more than the stereotypes surrounding it. No longer are we looking at a repressed and suppressed marketplace, the technology leaps are a clear step towards a legitimate and profitable industry.
Customers, dispensaries and government agencies will only see an increased benefit in embracing this tech in an industry that is pressing closer to being just as common and accepted as the overall pharmaceutical trade. It’s not just about bongs anymore, it’s about software and workflow management.
And of course, CannaScore has revolutionized the cannabis industry by bringing real-time compliance audits to business owners and those involved with the sector, including regulators, landlords, developers, lenders, and all types of cannabis-based companies.