- There are select software options for vertically integrated cannabis businesses
You may find one software to meets all your needs, or you may need to get dedicated tools for certain verticals
- Make sure to know what you need and shop around before signing a contract
Software companies for vertically integrated cannabis businesses
You’ve got all your licensing and permitting, created your products, and are ready to sell to your customers – but how do you keep track of all your numbers and metrics along the way? We already wrote about how data connects your teams by providing clarity on inputs and outputs, and that data typically comes from spreadsheets & software.
Ideally, there would be a cannabis-specific software for vertically integrated cannabis businesses that can serve all the key operational and regulatory needs. Most often, these software packages are referred to “seed-to-sale” or “enterprise resource planning (ERP)” softwares.
Cannabis seed-to-sale & ERP softwares
Metrc was created in 2013 by Franwell, a supply chain technology company with a large footprint in many industries, for the initial cannabis rollout in Colorado. Since then it has grown extensively and is currently the system of record for 11 states (including California and Colorado). Metrc was developed to meet the needs of the state, so it isn’t really geared to the nuances of specific cultivation or manufacturing processes, but if you’re already required to run Metrc then it’s limited functionality may be sufficient for some or most of your tracking needs.
BioTrackTHC was founded in 2010 by a group of technologists and business people and won their first state contract in 2013 with the state of Washington. BioTrack is currently the system of record for 7 states, and they also offer a solution for each cannabis vertical.
MJFreeway was founded in 2010 by a group of technology and business professionals and is one of the oldest seed-to-sale companies on the market. They have had mixed media attention for their rapid growth as well as challenges with hacks and data security. MJFreeway offers a wide array of features for every cannabis vertical.
Guardian Data Systems
Guardian Data Systems has extensive software offerings for every vertical of the cannabis industry, including laboratories and ancillary companies. Their ROAR system is billed as a full ERP for vertical business integration.
Viridian Sciences messages itself as an enterprise ERP for all industry verticals and is unique in that it also offer a solution for tracking accounting and financials.
Agrisoft is a seed-to-sale software that is a subsidiary of Kind Financial. They have dedicated module for different industry verticals.
MotaLogistics is a comprehensive ERP and seed-to-software solution with a variety of applications for various industry verticals, including a simplified POS.
It’s possible that you can get everything you want for your vertically integrated cannabis business from your mandated seed-to-sale platform. If not, there are integrated options and many more vertical-specific options to choose from!
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