Top 5 Must Do’s For Your Licensed Cannabis Business
Mission accomplished! You’ve got a Cannabis License! Now what? Whether your plans involve cultivation, processing, or retail, there’s still a lot to do before you can operate a successful licensed cannabis business. As you probably already know, the cannabis industry has a lot of complicated and strict regulations that can hold up progress. We know profitability is at the forefront of any business endeavor, but sustainability is crucial if you want to remain successful over time.
Here at GeekTek, we’ve put together a list of the Top 5 “Must Dos” for launching a Licensed Cannabis Business:
Hire a Managed Service Provider with Cannabis Business Experience
Incorporating IT can be a daunting and complicated process. Hiring a managed IT security and service provider not only ensures that your tech solution is effective and up-to-date, but it also guarantees that your setup is compliant with state laws. Make it a priority to do your research and hire a comprehensive service provider that is highly experienced in developing IT solutions specifically for cannabis businesses. The last thing you want is to be fined or shut down due to noncompliance.
GeekTek has helped develop, launch, and implement IT solutions for cannabis businesses throughout the U.S. and Canada.
Leave IT Management to Professionals
From sales software selection to security system setup, IT management can be a tedious and complex job. There are a lot of things to consider with a licensed cannabis business and you’ll want to consult a professional service that specializes in IT and security implementation and management. Each business has unique requirements and there is no “one-size-fits-all” solution.
Most states mandate that efficient CCTV systems be setup without any lags. This requires cameras, NVRs, and a data backup tools that may require several terabytes of storage per day. For the majority of people, implementing this type of security system is beyond their area of expertise. Companies like GeekTek provide comprehensive solutions that can be tailored to your specific business needs.
Our managed IT services cover everything from security and compliance to data storage, rapid scaling, and demanding deadlines. We specialize in the development, launching, implementation, and management of customized IT solutions which are designed to take the tech-related stress off of your hands so you can focus on the million other things you’ve got going on.
We’ll leave the cannabis cultivation to you, but we suggest you leave IT to us.
Develop a Plan that can Scale-Up
As a licensed cannabis business owner, you should always be prepared for growth. Lucky for you, you’ve entered the market at a prime time. The cannabis industry is estimated to grow from $7.7 billion to $31.4 billion by 2021. Imagine what that could mean for profitability in the next two years if your business is prepared to expand and adapt quickly.
So how exactly do you set yourself up for success in this competitive market? From day one, you should implement a business plan that has the ability to scale up at a moment’s notice. This includes software, hardware, and everything else IT related. Of course, you don’t want to pay for more than you need and we understand that. But, how exactly do you plan for change that hasn’t happened yet?
You guessed it: A managed IT security and technology service.
A comprehensive service provider like GeekTek can develop a personalized plan that fits your current business needs, but has the capability to seamlessly scale up when your business inevitably requires change. Because, let’s face it, cannabis is an ever-evolving and rapidly-growing industry. We can help you plan now for change later.
Invest in the Right Technology
We all know what it’s like to try and save money on something only to have it backfire and ultimately paying more in the end. Cutting corners never works out and, when it comes to technology, you definitely don’t want to compromise quality.
Investing in an all-inclusive tech solution is crucial and can save you from additional expenses and stress down the road. State regulations vary by state, but no matter where your cannabis business is located, you’ll undoubtedly be required to track everything from seed to sale. You’ll need to keep strict records and protect all data from corruption, theft, backup failure, and noncompliance. Data breaches happen regularly and the cannabis industry is becoming a larger target. Don’t risk a setback by incompetent technology or ineffective security.
Whether you have questions about replicating store designs, selecting CCTV cameras, or need information on POS systems, GeekTek has the answers. We can provide the hardware and software to suit your personal licensed cannabis business. We believe you should never settle for less than the best and we’ll never try to sell you on stuff you don’t need.
Implement an Efficient Inventory Management System
No business wants to incur loss–especially from things that are easily avoidable. Missing stock is one of the top reasons businesses experience loss. Fortunately, it’s also one of the easiest to correct and manage. Tracking inventory doesn’t have to be complicated if you implement an efficient management system. This requires setting up a reliable software solution that tracks stock and supervises its delivery from manufacturer to warehouse to point of sale.
Don’t let your budget take a hit because of missing buds.
GeekTek: Your Licensed Cannabis Business IT Partner
Just as the quality of the cannabis you sell relies heavily on the planting of the initial seed, the success of your business is determined by how you cultivate it from day one. The fruit of your labor is dependent on the quality of the harvest.
With years of experience managing IT services and developing security solutions for licensed cannabis businesses of all sizes, GeekTek knows the ins and outs of everything required to develop, launch, implement, and manage a reliable, efficient, and compliant cannabis business. Our expert IT team works with you to develop a solution that fits your unique needs, can scale up quickly and seamlessly, and will keep your data secure.
Reach out and let us know how we can help. We’ve got you covered.