These are very exciting times! The Cannabis Industry is growing by leaps and bounds. There are constant new developments and ever changing regulations, it seems the industry is changing almost daily. This years elections could find several more states passing legislation and creating a myriad of brand new markets for the cannabis industry.
Whether you have an existing cannabis business, or are looking to establish a new one, you are well aware that establishing a business in this industry is an arduous and cash intensive adventure to say the least. You have, most likely, drained not only your pockets setting up your new business but the pockets of all your loved ones as well. Now that you have your baby up and running how are you going to make sure that you keep a competitive edge?
As the industry continues to explode it is also becoming ever more competitive. If you plan to survive you will need to continue to stay relevant. One of the most important strategies to ensure longevity and help you not only stay in the game but stay one step ahead of the game is to constantly be looking for ways to improve and expand your business. Installing new security systems, cannabis grow lighting, HVAC system, complete Seed to Sale Tracking, implementing cannabinoid level testing equipment or purchasing a Cannabinoid CO2 extractor are all examples of ways you can take your business to the next level.
There are currently 24 markets that participate in the cannabis industry and each one is unique and mutually exclusive. Where one might need to expand in order that the demand doesn’t wipe out the existing inventory another may be looking to increase efficiency and lower overhead. Let’s take a look at some of the cannabis equipment options you may be considering for your business and what they can do for you.
Is a Cannabis Seed to Sale System Necessary?
A true Seed to Sale System is imperative if you want to have the ability to manage your inventory as well as the absolute best way to protect it. It is literally the best tool any dispensary or cultivation facility can give themselves.
This system will maximize your efficiency by allowing you to Barcode scan each seed and then track it all the way from it’s germination, through growth and harvest and all the way through to the sale point. They can provide detailed reporting on not only where your seeds are going but which types you are selling the most of, but also can be integrated right into your security system allowing you to monitor your facility and your employees. With Biometric tracking you will be able to decide which employees are allowed in various areas of the facility and track how long they are there. These are all important functions of cannabis business management given that this industry is very susceptible to employee theft and the ever watchful eyes of the law.
Take your cannabis cultivation facility or dispensary to the next level with a CO2 Extractor!
If you want to increase your sales and expand your customer base a CO2 extractor might be just what you need. CO2 extraction is the process that is used to create a pure essential oil that includes all of the beneficial cannabinoids and none of the heavy metals or other contaminants that can be left behind when using the outdated and unsafe butane process. The result is a concentrated and effective product that can be used in vaporizers and caplets as well as edibles. These systems are highly efficient and help you maximize yields by allowing the use of less desirable buds and trim in the oil making process.
Cannabis Equipment – Lighting Systems
Lighting Systems can be very expensive and most businesses start out with the best lighting they can buy for their budget. Low yields, hermaphrodite plants, disease and or complete failure can all result from poor lighting. You’ve put a lot on the line to open and operate your business and a specific amount of your own production may be required by regulation to make up a certain portion of your sales. Your lighting system is one of the single most important things that can dramatically increase your efficiency and profits. As your business grows you may need to consider an upgrade to a more high quality lighting system to insure the success or your business.
Once you’ve decided that you need to purchase one or more of these in order to keep your business moving forward you need to decide if you can afford it. Knowing that the cost of these types of equipment can be anywhere from $20,000 to $250,000 the idea of trying to save money little by little each month until you have enough cash to purchase one of these amazing pieces of equipment can be quite daunting. Since the majority of banks are still unwilling to work with anyone touching the cannabis industry, the ability to acquire a traditional business loan for cannabis equipment still virtually nonexistent. It may be that the best option you have to stay competitive and on pace with technology could be a cannabis equipment lease.
The health and longevity of your business is paramount. The first thing you must do is make sure that it is the right time to take on an expense in order to grow your business. Secondly you must also ensure there will be an adequate return on investment. The flexibility of having cannabis equipment financing available to your cannabis business will allow you to make the necessary purchases without being forced to deplete your reserves.
And lastly you need to create a strategic partnership with a like-minded company whose purpose is to lift up your business. Guardian Data Systems is your new strategic partner. At Guardian Data Systems our interest is in the success of your brand while also lending integrity and longevity to the industry as a whole.
Give Guardian Data Systems a call and we’ll be happy to provide you with all the details you need to take your Plants, Business, and Profits to new heights!