Published on February 5th, 2019 | by Bibhuranjan0
The Tech Solutions all Canadian Cannabis Businesses Should Know About
For many entrepreneurs and investors, the recent legislation passed to legalize recreational cannabis use in Canada represents an exciting opportunity to get in on the ground floor of an industry that shows serious growth potential.
But in order to qualify for a cannabis license, companies need to prove that they meet the strict industry guidelines imposed by the federal government, which includes being able to provide large amounts of data about production cycles, plants, and quality assurance.
The legalization of cannabis in Canada was a response to concerns that the nation’s punitive anti-cannabis laws, which made the substance illegal for all purposes in 1923, had fueled a lucrative black market that largely profited criminal organizations. In legalizing cannabis, parliament sought to remove cannabis cultivation and sales as a source of income for organized crime.
But doing so means ensuring that profits for legal cannabis do not simply return to the black market, which is why the Cannabis Act of 2018 established a strict regulatory framework designed to guarantee that all cannabis in circulation is produced by legitimate, licensed producers.
To receive a cannabis license, businesses must demonstrate their ability to provide accurate information for every plant they grow, process, and sell, from seed to sale. This means gathering, storing, and providing inspectors with access to huge volumes of data about every stage of a plant’s development. Many companies seeking to become licensed cannabis producers are turning to new tech solutions that can help them manage this data effectively.
The most popular cannabis software for growing businesses in Canada is produced by Ample Organics. Ample Organics allows producers to use wireless scanners to quickly and efficiently gather information about each plant. This information is automatically added to a central database, providing instant updates and reducing the risk of human error.
With Ample Organics, producers can also keep detailed records about everything from yield rates and plant quantities to inventory control. To ensure that products meet the best possible standards of quality, every bulk lot can be linked to lab tests and Certificates of Analysis generated to show the exact potency of every product you have in stock.
Unlike other seed-to-sale software platforms, which were tailored to the needs of states like Colorado, California, and Washington, Ample Organics is designed specifically to be compliant with Canadian cannabis law. This is one of the reasons it has proven so popular with Canadian producers: 70% of Canada’s licensed producers use Ample Organics software to track the seed-to-sale growth of their cannabis products.
Given how popular recreational cannabis has already proven to be, there is plenty of reason for businesses contemplating a move into the market to grow. Industry experts are already warning that the current shortages many provinces are experiencing could last years, which means that cannabis production will likely pay huge dividends for any businesses that plan to enter the market in the coming year.
And with software from companies like Ample Organics, they can do so without worrying about how they will be able to gather the data required to stay compliant.