The New Tech Running Canada’s Cannabis Industry

Published on: 21 February 2019 Last Updated on: 08 August 2019

Since cannabis for recreational use was legalized in 2018, many industry watchers have noted that the cannabis industry may well become a major driver of economic growth in the coming years.

With the global cannabis market estimated to be worth $31.4 billion by 2021, investment in all aspects of this industry has soared, with many financiers banking on a significant ROI if Canada becomes an international destination for cannabis tourism.

But not all of this investment is in cannabis production and sales. While the dispensaries popping up in cities across Canada are one of the most visible signs of the cannabis craze, sales are not the only driver of the cannabis economy. In fact, one of the most fruitful areas of investment has proved to be in the tech needed to sustain production in a responsible and streamlined way.

The Cannabis Act stipulates a strict regulatory regime in an effort to end the extensive cannabis black market that exists in Canada.

Central to this regulatory regime is the requirement that every cannabis plant has grown in Canada be tracked from “seed-to-sale” to guarantee that production stays within the mainstream economy.

Because seed-to-sale tracking requires producers to gather and report on vast quantities of information about their stock, many are turning to bespoke tech solutions made for the cannabis industry that help them stay compliant with regulations.

By far the most popular seed-to-sale platform in the country is Ample Organics, which already serves seventy percent of Canada’s licensed producers.

This platform provides the latest seed-to-sale software to help producers track and report the development of every single one of their plants, and because it uses an intuitive system based around barcodes and wireless scanners to provide immediate database updates. It also reduces the risk of human error and makes data gathering completely seamless.

This isn’t just useful when it comes time to provide reports — although Ample Organics software is designed specifically to help licensed producers stay compliant with Canada’s regulatory framework. It also makes quality control, harvesting, packaging, and sales easier as well. With Ample Organics, producers have access to a customized e-commerce site that facilitates inventory control and labeling, so customers always get exactly what they want.

In a brief time, they have been legal for consumption in Canada, recreational cannabis products have already proved to be a hot commodity. And as with all hot commodities, businesses that want to cash in need to be intelligent about how they invest. With such a highly regulated product, it is important for any new producer to make sure no shortcuts are taken, and that their operations are legally compliant at every stage of the production process.

Companies that want to take advantage of the exciting opportunities that exist in the cannabis industry should be sure to invest in the cannabis tech that will set them up for long-term success, and guarantee that their business model takes into account the requirements of Canadian law.

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The Importance of Writing Business Reports in College

A business report is an important document because it reveals specific information about the organization. Entrepreneurs write these reports with the aim of attracting investors to their organization. Business reports also keep employees aware of the goals of the organization as they strive to achieve them. As a student, you need to have a clear understanding of the operations of the real business environment. It beats logic to finish college yet you cannot write a business report. Remember you are preparing to work in the actual business environment. Therefore, you need to gain practical skills in addition to the theory that you learn in class. One of the critical practical sessions in college is to write business reports. Currently, most organizations are under pressure to enhance their reporting processes. As a student, you will be expected to undertake this responsibility once you get to the field. The information you provide has to be reliable and sufficient. Remember everyone will be looking for you to meet these requirements with a high level of precision. The best way out is to present your facts in the form of a business report. Most modern organizations rely on the finance department to assist in the decision-making process and offer critical support to the business. There is an increase in the demand for fast and transparent reporting and most finance practitioners aim towards minimizing the time they use in compiling data to provide high-quality information at a fast pace. However, they cannot meet this objective unless they have a deep understanding of the concept of business report writing. You need to gain these skills at the college level and then sharpen them once you go to the field. Here are some of the benefits of writing business reports in college. Business Reports Provide Students with Deeper Insights : Business reports have an integral role to play when it comes to the active management of organizations. The management team uses them to track progress and attain organizational goals. Business reports can also help managers in controlling business expenditure and increasing revenue. Analysis of business reports will help both students and managers gain useful insights into the prevailing business trends. This knowledge ultimately helps business practitioners to put in place effective strategies that enhance the overall performance of the organization. Managers normally review the business reports and check for any abnormalities. Students need to have these insights from the onset for them to become better managers in the future. There is a definite format for writing business reports. Students should learn this before they get into the field. You have to understand the various sections of a business report and the information to include in each paragraph. As students write a business report, they get to understand the importance of this document to the management. No one will have the time to teach you all this information while at work. It's important to write business reports in college so that you don’t struggle later in life. Reporting That is Aligned with the Key Performance Indicators (KPI’s) of the Organization : It is meaningless to provide a report that is not aligned with the overall strategy of the entity. You cannot achieve this objective unless you practically engage in writing business reports in college. You should bore the KPIs in the mind during the reporting activity. The advantage of providing accurate business reports is that they offer decision support and assist incorporate strategies of the entity. These are some of the things that you need to learn in both practice and theory. Business reports that are aligned to the KPI’s of the organization help in the attainment of the organizational goals. There is no better way of learning these skills unless you do it practically. No wonder you will find most professors insisting that college students must write a business Help in Highlighting the Current Position of the Enterprise: Some business reports are crafted with the aim of highlighting a particular problem that the company has been going through. The reports should contain effective solutions that help in bringing the problem to an end. For instance, suppose an organization is planning to downsize, this decision will ultimately affect the employees. In this case, the business report has to state the position of the business and the reasons behind the downsizing. The report should suggest the strategies that the management team can adopt so that the downsizing does not have adverse effects on the employees. The best time to gain such skills is at the college level. Business Reports Help in the Adoption of the Right Marketing Strategy: Companies find business reports to be used when setting up their marketing strategies. If a company is targeting a particular section of consumers with the aim of entering a new market, it can give its report to an advertisement agency. The best time to learn to write such a business report is at college. The report will help the marketing agency to develop a successful and effective marketing strategy for the organization. Business Reports Assist in Decision Making: Finally, college students should learn the various approaches to making decisions. One of these techniques is writing business reports. An annual report can help investors, employees and customers get the true picture of the organization. The business report is a critical step in the decision-making process and college students should gain these skills. An accurate and high-quality report will help the organization to track its expenses, improve its operations and also set new goals. As you read the business report, you should be able to identify the bottlenecks and come up with the various strategies that you can use to eliminate them. In summary, business reports play a critical role in the day to day running of the organization. College students can’t gain these insights unless they learn how to write a professional business report online. Lecturers should give college students business report assignments from time to time so as to prepare them adequately for the job market. Read Also : Why Every Business Needs Digital Marketing Small Business Guide To Private Health Insurance Exchanges Get The Details On How Sferic Protect Can Benefit Your Business & Its Safety

Growing a business in the agricultural sector

It is a fact that the agricultural sector is of massive importance to the whole U.S. economy. It is thought to be worth over $1 trillion to the country each year and is a major employer. Of course, it also gives us the food we need to survive! As such, agriculture is extremely important to the USA and is a popular sector for entrepreneurs to open a business. Although you may have been successful to date, you might currently be struggling with how to move your business up to the next level. This is an important step as it will stop you from stagnating and allow you to generate more revenue. This is true whether you own a farm or run another kind of agricultural company. The below should help if you are looking for a few tips on how to do this. Erect new buildings to house stock or animals For the agricultural sector or business, sustained growth can only come about by having enough of what customers want to buy. Sometimes though this can be seriously limited by the existing space you have to work with. For example, you will struggle to grow beyond a certain point if you have only limited space to house stock or your harvested crops. Investing in new buildings so you can carry more products to sell and thus increase profits makes good sense. Over time, this investment will pay for itself due to the increased sales it allows. Of course, if you are a farmer then putting up new buildings can give you more space to store machinery or give you somewhere suitable to house more animals. Many businesses will opt to use fiber-reinforced concrete when doing so due to the extra strength and durability this gives any new structure. Network, network, network As with any other sector within a business, networking is a great way to stimulate growth in your agricultural organization. This could be on a B2B level where you attend offline networking events to forge new connections or use online platforms like LinkedIn to do the same. Of course, you can also network on a B2C level at things like agricultural trade shows or public events. By engaging in this kind of activity, you are helping to build your brand and showcase to people what you can offer. This can really help you to generate more leads, more sales, and more revenue in the future. If this is not something you usually like to do, it really is worth giving it your best shot. Set specific goals Many people who own a business in the agricultural sector will fail to grow it due to being overly generic in their aims. Merely saying I would like to have a bigger or more successful business this time next year is not specific enough. You need to set out realistic and achievable goals that will ultimately produce the growth you desire. Whether it is trying to develop one new product to launch, setting up a farm shop or revamping your website to attract more visitors, setting specific goals can really help. Getting a proper plan in place of not only what you want to do but also how you will go about it is crucial. Think about digital marketing Whatever goals you set people to need to know you exist before you can grow. By far the best way for many agricultural businesses to go about this is by using modern digital marketing methods. From farming consultants to machinery manufacturers or feed producers, these ways of getting your brand out there can prove very effective. Top of the list for many is using social media platforms. Free to set up and simple to use, they provide an easy way to reach more people globally and to show what you offer. Methods like email marketing and PPC ad campaigns are also effective when done right. Take action to stimulate growth In many ways, helping your agricultural business to grow is no different than doing so in other business sectors. The key is to maximize what you have to sell and making sure that your marketing efforts bring more people in to buy from you. The agricultural sector is of huge importance to the entire U.S. economy. Planting new crops that could prove popular or bringing new products on-board to sell is also worth considering in order to get to where you want to be. The most important part is to have a clear idea of where you are headed so you can take your first steps toward reaching there. Read Also: Strengthening Your Community In 2018 Green Business Opportunities for Eco-Entrepreneurs

Only the Best for Your Business: Check These Hiring Strategies

As a small business owner, you are probably familiar with the constant challenge of finding the best people to work for you. There is no single best approach to getting the right people to join your company. But one thing’s for sure, hiring involves a lot of money, time, and energy, so it should be done right every time. Check out these fresh and innovative ways to get top talents to fill roles in your company. Find Who Fits In What is your company’s character, the values it stands for, the attitudes of people in it, and so on? Have a clear definition of your company culture to help you look for people who share the same values or beliefs or will be able to adapt to your unique environment. Also, come up with culture-fit questions that elicit honest responses, and show applicants the physical working space or describe the virtual setup. Company culture can affect an employee’s performance and desire to stay in the organization. Some new hires quit on the first day because of “how things are being done.” To avoid this situation, have a potential new hire mingle with the team and see how well they fit in. But as a long-term solution, ensure that office dynamics remain healthy and productive for everyone. Enlist Employees’ Help This help can come in many forms. The most practical one is to ask for the opinion of those who will be working closely with the new manager, for example. You can share the candidate’s resume with them and crowdsource interview questions, like leadership style and experiences relevant to the open position. Make sure that you don’t breach the candidate’s privacy, though. Limit the number of employees with whom you share a candidate’s personal information as much as possible. You can also have everyone meet over lunch or for a quick chat to get a feel of how they will get along. Another way of involving employees in the hiring process is through a referral program. It’s a win-win situation: The employee gets rewarded for the referral, and the company gains a quality employee in a more cost-effective manner. The ultimate success of the program lies in its design and implementation. Ask Questions That Matter Not all interview questions produce the same results—that is, answers that will help you make sound hiring decisions. Ask questions such as “Why should we hire you?” “What are your biggest strengths and weaknesses?” and “Where do you see yourself in x years?” in addition to unexpected questions that no one has seen on Google yet. Consider these points when formulating interview questions to ask candidates: Tailor questions the specifics of the job, particularly the skills and traits necessary to perform the job successfully. Does the job involve handling people? Ask about that time when the applicant was involved in a conflict and able to resolve it. Ask off-resume or LinkedIn items to reveal a hidden strength that may be useful at work. Conduct Background Checks Employers perform background checks as part of hiring and recruitment. Some checks serve to confirm the accuracy of the documents presented, such as academic credentials and references. Others are used to look into criminal records as deemed reasonable and subject to laws and regulations. In Canada, for example, businesses can run a quick criminal record check on an applicant that has given their written consent. Companies like Instant Record Check can help with RCMP criminal record checks. Take Time to Decide Consider this as the fifth tip. The competitive job market has applicants doing everything to land a job. As for you, you to use a multifaceted approach, based on what the candidate has offered and presented, to decide to choose the most suitable per son for the job. It may take a while for you to give an employment offer. This is also in consideration of the needs of the business, which may have changed since posting the job ad. As it is, quality is always best in hiring. Read Also: What to Know About Location-Based Data Things to look out for while hiring health app developers Tips When Hiring a Concrete Driveway Contractor in California

The New Tech Running Canada’s Cannabis Industry

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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