7 Must-Have Softwares for Cannabis Businesses in 2023

Running a cannabis business can be complex, with many different aspects to keep track of. However, with the right tools and software, it can become much easier to manage. 

There are many different types of software available, each catering to different needs of your cannabis business. In this blog, we will take a look at the 7 types of software that can help you take your cannabis business to the next level in 2023. 

First, let’s talk about Inventory Management Software.  

This type of software is crucial for keeping track of your finished products, your production materials, and ensuring that you always have enough stock to meet your needs (a cannabis specific ERP software like figgro should always allow you to set inventory and low-stock alerts). It can also help you understand which products are selling well and which ones aren’t, so that you can make informed decisions about what products to carry. With cannabis specific inventory management softwares, you can ensure that you always have the right products and component on hand at the right time. 

Next, we have Point of Sale Software.  

This type of software is essential for selling your products, and can help process transactions, keep track of sales data, and even track your customers. This way, you can always know how your business is doing, and who your best customers are. With a Point of Sale Software, you can improve your sales and customer service. 
 
If we’re talking about B2B companies in our industry, most are simply using QuickBooks (see more in the “Accounting and Finance” section). If this is the case, be sure to check that your other software’s integrate seamlessly with QuickBooks, or even like figgro, could potentially replace your point-of-sale software all together. 

Moving on, we have Compliance Software.  

As the cannabis industry is heavily regulated, compliance software is a must-have tool. It helps to ensure that your business is following all the rules and regulations set by the government, and can keep track of inventory, compliance records, and even send reports to the government. With Compliance Software, you can be sure that your business is always operating within the law. 

For most states in the US, they’re required to use either Metrc compliance software or BioTrack to report to the state government (international companies have similar compliance systems). When you’re looking for additional softwares to streamline your business, look for one that works well with Metrc and BioTrack. There’s nothing worse than having to record the same information multiple times into multiple softwares… figgro ERP is built to seamlessly sync back and forth with both Metrc and BioTrack so that you never have to worry about double entering any information, or forgetting to report the needed information to your governing body. 

For cultivators, Grow Management Software is a must-have.  

This software is specifically designed to help you keep track of your plants and ensure that they are growing properly. It can also help you plan when to harvest your plants for the best results. With Grow Management Software, you can improve the quality of your products and increase your yield. 

Customer Relationship Management (CRM) Software is another one of the most important tools for cannabis businesses.  

This software helps you keep track of your customers and ensures that you are providing the best service possible. It can help you keep track of sales leads, and even help you plan marketing campaigns. With CRM Software, you can improve customer satisfaction and increase sales. 

Next up is production management software.

This type of software helps you manage the production process and keep track of things like growing schedules, harvest dates, and yields. Production management can be a very complicated and pain-staking challenge to solve. Ensure that the software company you choose to work with is specifically created for your industry and has the clients to prove it. Some popular options include Flowhub and of course figgro ERP. 

Lastly, we have Accounting and Financial Management Software.

This type of software is crucial for keeping track of your finances and understanding how your business is performing financially. It can help you create invoices, keep track of expenses, and make reports. With Accounting and Financial Management Software, you can have a better understanding of your business’s financial health and make more informed decisions. 

One additional thing to think about is job costing. The question of how to effectively do job costing for the cannabis industry is a tough one to answer. Luckily, ERP softwares such as figgro make it easy to build a “recipe,” and know the exact costs per unit and then exact costs per job. This is crucial information to know in order to run your cannabis manufacturing facility well. 

In conclusion, having the right software for your cannabis business can make a huge difference in how well your business operates. Each type of software has its own unique benefits and can help you in different ways. By considering which software is right for your business, you can improve your operations, stay compliant, and ultimately increase your profits. It’s important to do some research and invest in the right software that can help you achieve your business goals in 2023. 

Did you know that figgro ERP is a single all-encompassing cannabis business software that can do everything you just learned above? How much more efficient do you think you and your team would be if instead of jumping back and forth between seven software’s, you only had to use one? 

Learn more about the figgro cannabis-specific ERP software now and solve all of your cannabis inventory management, cannabis production management, and cannabis compliance and regulation challenges, all in one place. 


5 of the Best Inventory Management Software’s for Cannabis Manufacturers in 2023

In the cannabis industry, particularly in cannabis production companies, inventory management is crucial for maintaining accurate records of product stock levels, tracking the movement of products, and ensuring compliance with state regulations (nobody wants to get the government on their bad side). A good inventory management software can help cannabis manufacturers streamline their operations, improve efficiency and accuracy, and reduce the risk of errors and compliance violations. In this article, we will discuss the best inventory management software options for cannabis manufacturers and the importance of using such a software. So you might be asking yourself, what is the best inventory management software for cannabis manufacturers and production facilities?

First, let’s discuss the importance of using inventory management software for cannabis manufacturing. As the cannabis industry continues to grow and evolve, state regulations have become increasingly complex and stringent. Many states now require cannabis manufacturers to track their products from seed to sale, which includes keeping detailed records of inventory levels, product movements, and compliance information. These regulations are put in place to ensure that cannabis products are not sold to minors, are not diverted to the black market, and are not at risk of harming end users. 

In addition to compliance requirements, cannabis manufacturers must also keep track of inventory levels to ensure that products are always available for customers. Running out of stock can result in lost sales, while having too much inventory can lead to waste and increased storage costs. A good inventory management software can help manufacturers accurately track inventory levels, predict future demand, and make informed purchasing decisions. 

Now, let’s take a look at some of the best inventory management software options for cannabis manufacturers and production facilities.

5 of the Best Inventory Management Software’s for Cannabis Manufacturers in 2023

*Note that the following are in no specific order.

CannaLogic

This software offers features such as inventory management, point-of-sale, compliance reporting, and more. CannaLogic also offers a mobile app that allows manufacturers to track inventory levels and make updates on the go. They’ve been around for a good amount of time and have many great reviews from their users.

GreenBits

GreenBits is a point-of-sale system that also includes inventory management and compliance reporting although that is not it’s main function. It offers a simple and user-friendly interface, making it easy for manufacturers to track inventory levels and compliance information.

MJ Freeway

MJ Freeway, one of the bigger players in the space, offers a wide range of features including inventory management, seed-to-sale traceability, compliance reporting, and more. MJ Freeway also offers integration with other software and hardware, such as point-of-sale systems and barcode scanners, to streamline operations and reduce the risk of errors. We see MJ Freeway as being one of the industry leaders in cannabis inventory management.

figgro

Figgro cannabis cloud ERP is built 100% by the cannabis industry, for the cannabis industry. Unlike some of the others, it was not simply adopted to work for cannabis manufactures; the founders and developers were actually consultants within the industry for multiple years before creating this specialized ERP. Figgro offers a simple and user-friendly interface, making it easy for manufacturers to track inventory levels and compliance information, and is also 100% web based meaning it can be accessed from any device with an internet connection.
Figgro cannabis ERP offers integration with other software and hardware, such as point-of-sale systems like Paybotic, barcode scanners and printers, and also seamlessly integrates with both Metrc and BioTrack. Figgro is the best inventory management software for cannabis companies, specifically for manufacturers and production facilities.

Cultivera

Cultivera is a software designed to help businesses in the cannabis industry manage their operations more effectively. It provides a comprehensive solution that covers various aspects of a cannabis business, including cultivation, inventory and compliance. The software integrates key functions such as inventory management, order management, and some financial reporting. This helps businesses to streamline their operations and stay compliant with state regulations.

When choosing an inventory management software for your cannabis manufacturing business, it’s important to evaluate the features of each software and consider the specific needs of your business. Some software options may be more suitable for small businesses, while others may be more appropriate for larger manufacturers. It’s also important to consider the cost of the software and any additional costs, such as onboarding, support and maintenance fees. 

In conclusion, using an inventory management software is essential for cannabis manufacturers to comply with state regulations, maintain accurate records, and ensure product availability for customers. By implementing a good inventory management software, cannabis manufacturers can streamline their operations, improve efficiency and accuracy, and reduce the risk of errors and compliance violations. In the end, cannabis ERP systems will actually save your manufacturing or production company time and money. 

Picking the right cannabis inventory management software can be confusing and time consuming. We’re here to help! Want to learn more about the specific inventory management and other ERP features that figgro has to offer?

Contact us now through our web form, or contact us directly through phone or email to learn about figgro’s comprehensive software platform for the cannabis industry.

Phone: (540) 819-3929
Email: wayne@figgro.com