5 Reasons You Need More Than METRC
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If you operate in California, chances are that by now, you’ve heard about METRC. All licensees will be required to report various data points from their inventory and supply-chain to METRC in order to remain compliant with your local and state governments.
So, I input my businesses required data into METRC and that’s that, right? Not quite.
METRC is simply a REPORTING tool, and a complicated one at that. It allows you to enter data into a web-portal so that you can report your inventory and sales to the state and remain compliant. However, if you want to grow and scale your business, you need a way to capitalize on your data and turn it into business results, which METRC does not provide.
Without utilizing an advanced solution like BioTrackTHC, all you’re doing is the bare minimum. METRC is a reporting tool, not a compliance tool. Here are just five of the many reasons that you need a 3rd party system to establish your business under the newly legalized cannabis laws:
Accountability – As a business manager, nothing is scarier than having 15 sets of hands playing in the same system, especially when that system directly impacts your compliance. We offer detailed forensics reports logging every single action performed in the system, including the person responsible and the date/time of the change. You can even restrict users from performing certain actions and run a tighter ship than METRC will allow.
Record-Keeping – Under California’s regulations, you could face an audit of your business’s inventory records at any given date and time, with minimal notice. Our system keeps everything you’ll need to present a clean and compliant operation with ease.
Business Intelligence – What are your best-selling products? Top yielding plants? If you want to grow your business, you need data that you can analyze and turn into actionable results. BioTrackTHC provides the most granular track and trace data available for every stage of the cannabis seed-to-sale lifecycle, for every license type.
Labeling – Compliant labels are complicated. We’ll make it easy with our drag and drop labeling tool that is fully customizable to include all compliance related details, as well as any other info you’d like to see such as your logo, address, contact info and more!
Flexibility – Your business is about to undergo an unprecedented change by implementing an exhaustive list of new rules and regulations that are constantly in flux, not to mention the potential growth of your business that may come with adult-use cannabis sales. It’s hard to predict what you’ll need in 6 months, in 2 years, and beyond that, but with a system that is highly flexible and customizable, you’re ensuring that you’ll be in good hands, regardless of what may come in the future.
While recording and reporting to METRC might keep you compliant, it certainly won’t provide the edge needed to compete with innovative operators who are taking advantage of the latest in track and trace technology. There are dozens (literally dozens!!) more benefits to using BioTrackTHC on top of METRC, to learn more about what those benefits are, contact our sales team at firstname.lastname@example.org or 844-216-2667 to get a full demo of our cannabis software solution.
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