So . . . I am finally compliant . . . Now what?

Now, Take Control. For the past two years most in the MMJ industry have been at the mercy of the politician’s whims. Their handling of the MMJ regulations prove the point that not knowing what you want, where you are going, or what your goals are . . . should never stop you from going full speed ahead.

With all the confusion and mixed messages, Colorado has put in place its rules, regulation and extortionist fees. By now, you should be compliant and either licensed or waiting for inspections to complete your processes.  It is now time to take control of your business. It is time to turn attention to making your operations work as efficiently and profitably as possible under the imposed guidelines. It is time to increase your patient flow, increase your sales to existing patients and get control of your expenses.

In the MMJ industry, as will all others, cash flow can make or break your operation. In order to take control and increase your cash flow as well as profits, you must be able to objectively look at your operations, costs, procedures and efficiencies to be successful. There are many tools available to help you achieve greater control. Unfortunately, many in this industry are using various and unconnected tools and relying on others to oversee.

For example, a typical operation will have a dispensary using a stand alone POS system as a digital cash register. The information will be downloaded to accounting software and sent to their accountant who may give you monthly reports. The dispensary will be using a manual system to track their plants, their trimmings, and their end product which is sold and receipted to either their dispensary or wholesaled to another. Both the dispensary and the grow operation will spend a number of hours every month to create reports for the MMED.

A tool does exist that can function as a POS system, Inventory Control System, Grow Operation tracking system, accounting system, Payroll system and Reporting system all in one. This allows you to track a plant from seed/clone through sale to the patient. It is a paperless system that allows you to store images of your patient’s records (red cards, MMED required forms, drivers license, etc…) as well as all invoices and receipts attached to your purchase orders, invoices and checks. The system pulls together your banking, payroll and operations in one place, one coordinated system.

It will allow you to display or print real time live reports at any moment of the day from any location from a computer, laptop, tablet, or smart phone. You can see what is in inventory at the dispensary, what strains are selling at what speed, and what is in the pipeline at the grow in order to keep consistent supplies at the counter. You can track the cost of each strain, the cost of your grow operation, the cost of your retail operations and the profitability of your entire operation. You can pull instant spot reports for the entire operation or a single Budtender.

With the system you can also better serve your patients. The system lets you keep good, easy to access notes on patient preferences. You can automatically email, or text your patients with news of the arrival of strains or products the patient historically purchased. You can notify them of specials and patient only promotions to drive more sales. It will also automatically produce most of the MMED required forms and monthly reports at the touch of a button freeing you up to concentrate on your business.

All in all a single comprehensive business platform can give you the control, tracking capability and oversight that you need to take and increase profits. To learn more about this system, please visit our website at mmjcomplianceservices.com today!

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