Using Cannabis Technology to Position Federal Legislation

December 22, 2021
by Backcross Solutions

The most successful companies in any industry are using compliance technology to improve their compliance, culture, and operations. The cannabis industry is no different. Technology like electronic tracking systems, RFID readers and smart scales, software platforms and more are driving the products, brands, and companies you see finding success today.

Right time, Right place

We at Backcross Solutions believe that utilizing the right technology can significantly improve your company’s compliance and operations. As the United States moves toward federal legislation, cannabis companies need the ability to work with banks, insurers and lenders just as traditional companies would. The reality is that the cannabis industry will likely have more regulations at the federal, state, and local level than most and having the technology in place to ensure your compliance is pivotal to your growth and success.

What is the goal of technology?

The goal of all technology should be to ease the manual burdens on companies. The goal of cannabis compliance technology is the same. The technology that we at Backcross Solutions specialize in will improve and simplify so many challenges that cannabis companies are facing, whether they are cultivators, processors, or retailers. Compliance technology answers challenges like regulatory questions, provides necessary documentation, inventory and quality control, security, and sales.

How to find the right technology?

At Backcross Solutions we are experienced in helping companies choose compliance technology that is right for their business. When your company is looking to work with a technology firm to improve your compliance stack, it is important to do your due diligence. At Backcross Solutions we have a portfolio that spans decades of clients that can attest to our commitment to their brand and their success. There are a few things to keep in mind when finding a technology partner. Carefully read your contract and make sure that it works for your business, not against you. Ensure the customer support model works for you all. Clarify if they will help, or if you are on your own. It is very important to remember that the cannabis industry is challenging and the technology solutions you implement need to be tailored to this specific type of company. Verify that the solution you are being sold has all the features that you need. Ask the questions necessary to determine the difficulty of onboarding and utilizing your new technology. And finally, make sure that the solution you are buying is scalable. Don’t plan for today only, look to the future.

We at Backcross Solutions are ready and able to help position your company as a compliance leader in the cannabis industry.