The Best Cannabis ERP Software
Our guide to the top cannabis ERP software is tailored for an ever-evolving market, ensuring regulatory compliance, seed-to-sale capabilities, and scalable growth.
- Customizable reporting
- Hardware integrations (RFID)
- Mobile app has offline capabilities
- Integrates with popular accounting systems
- Offers over 100 customizable reports
- Advanced compliance management
- Detailed tracking from cultivation to sale
- Integration with Microsoft Dynamics 365
- Detailed tracking from cultivation to sale
Here’s a rundown of the best cannabis ERP based on our internal review process. We considered factors like pricing, integration options, and key features like compliance reporting and inventory management.
- Canix: Best Overall
- BioTrackTHC: Best Compliance Management
- 365 Cannabis: Versatile Business Management
- Royal 4 WISECannabis: Best Warehouse Management
- BrandTreez: Best Integration Options
- Viridian Sciences: Best Cultivation Optimization
- QuantumLeaf: Strong Grow Operation Support
1 Canix - Best Overall
Why We Chose It: Canix is one of our top picks because of its efficient seed-to-sale tracking system. It’s designed for cannabis businesses seeking a streamlined approach to tracking their inventory throughout the product lifecycle.
Canix offers a blend of cultivation management, manufacturing, and distribution tools, making it a good choice for businesses seeking a comprehensive view of their operations. Its ability to manage large volumes of data and provide actionable insights makes Canix a top contender for businesses focusing on efficiency and growth.
2 BioTrackTHC - Best Compliance Management
Why We Chose It: We picked BioTrackTHC for its strong compliance management features, making it a go-to choice for cannabis businesses navigating complex regulatory landscapes. The software offers tracking and reporting capabilities essential for maintaining compliance with state and federal cannabis regulations.
With BioTrackTHC, businesses can efficiently manage operations from cultivation to sales, while ensuring adherence to legal requirements. Its seed-to-sale tracking system provides full visibility into the product lifecycle, aiding in regulatory reporting and reducing the risk of compliance breaches.
3 365 Cannabis - Versatile Business Management
Why We Chose It: 365 Cannabis is an ERP solution that caters to various aspects of cannabis business management. Its strength lies in offering an all-in-one platform that covers finance, operations, supply chain, and customer relationship management.
The software’s integration with Microsoft Dynamics 365 brings a level of familiarity to businesses seeking a comprehensive and reliable ERP system. 365 Cannabis serves companies seeking scalability and flexibility in managing their growing cannabis operations.
4 Royal 4 WISECannabis - Best Warehouse Management
Why We Chose It: Royal 4 WISECannabis combines full ERP functionality with a comprehensive WMS. The software’s advanced features, such as total visibility of all inbound orders, extensive putaway functionality, and dynamic space management, ensure that businesses can manage their inventory and warehousing operations more effectively.
WISE also supports various processes like assembly/kitting, quality assurance, returns management, cross-docking, inventory control, and replenishment. Overall, we found Royal 4 WISECannabis a strong pick for businesses looking to optimize warehouse operations, order processing, and compliance with METRC regulations.
5 BrandTreez - Best Integration Options
Why We Chose It: BrandTreez is a top pick for its integration capabilities, particularly for cannabis retailers. It offers a comprehensive ERP solution that streamlines retail operations, from inventory management to sales tracking. The software’s ability to integrate with point-of-sale systems and eCommerce platforms makes it an ideal choice for cannabis businesses looking to unify their retail and backend operations.
BrandTreez provides real-time data analytics, helping businesses make informed decisions about inventory, sales trends, and customer preferences. Its reporting tools benefit retailers aiming to optimize their operations and enhance customer experience.
6 Viridian Sciences - Best Cultivation Optimization
Why We Chose It: Viridian Sciences is tailored for businesses focusing on cannabis cultivation. It offers specialized tools for optimizing growing operations, including crop management, nutrient scheduling, and harvest tracking.
Viridian delivers a detailed focus on the cultivation process, providing growers with insights into plant health, yield forecasting, and resource allocation. This ERP solution is ideal for businesses seeking to maximize their cultivation efficiency and productivity, ensuring optimal yield and quality.
7 QuantumLeaf - Strong Grow Operation Support
Why We Chose It: We chose QuantumLeaf for its specialized focus on enhancing cannabis grow operations. The software’s ability to offer detailed cultivation management, including plant tracking, nutrient scheduling, and environmental monitoring, makes it an invaluable tool for cannabis growers.
Quantum Leaf excels in delivering precision agriculture insights, critical for maximizing yield and quality. Its advanced analytics enable cultivators to make data-driven decisions about their grow operations, such as optimizing growth conditions, predicting harvest times, and managing resources more effectively.
What is Cannabis ERP Software?
Cannabis ERP software provides an all-in-one solution for cannabis cultivation, manufacturing, and processing that continues into the testing, delivery, and sale stage. The best ERP packages built for cannabis companies are unified options that provide CRM, accounting, compliance, inventory, delivery, and dispensary point of sale.
As cannabis is a product that can be consumed, proper software will need to comply with regulatory compliance issues that most pharmaceutical and food product manufacturers/distributors will deal with. Given the varying legality of cannabis itself (and its status as a narcotic at the federal level), state and local governments will burden cannabis businesses with a large level of reporting requirements that other medical and pharmaceutical companies wouldn’t necessarily have to deal with.
Recommendations for Choosing the Best Cannabis ERP Software
Here’s our methodology outlining the key considerations for choosing an ERP system that aligns with your business requirements:
1 Regulatory Compliance and Reporting
- Compliance Features: Ensure the ERP system is equipped with robust compliance management tools to adhere to state and federal regulations.
- Automated Reporting: Look for automated reporting capabilities to streamline regulatory filings and audits.
2 Inventory Management and Traceability
- Seed-to-Sale Tracking: Select a system that offers comprehensive seed-to-sale tracking for complete visibility of the product lifecycle.
- Inventory Control: Evaluate the ERP’s ability to manage inventory levels, product categorization, and batch tracking.
3 Financial Management and Costing
- Accounting Features: Ensure the system provides strong financial management tools, including accounting, budgeting, and cost analysis.
- Tax Compliance: The ERP should facilitate accurate tax calculations and compliance specific to the cannabis industry.
4 Integration Capabilities
- Compatibility with Existing Systems: Check if the ERP can seamlessly integrate with your existing systems, like POS, CRM, or e-commerce platforms.
- APIs and Data Exchange: Assess the availability of APIs for custom integrations as needed.
5 Quality Control and Product Management
- Quality Assurance Tools: Look for features that assist in maintaining product quality and consistency.
- Product Development Support: The ERP should support product development processes, including recipe management for edibles or concentrates.
6 Cost Analysis and ROI
- Cost-Benefit Evaluation: Consider the total cost of ownership, including licensing, implementation, training, and maintenance.
- Return on Investment (ROI): Estimate the potential ROI based on efficiency gains, compliance risk reduction, and growth support.
What Are the Key Features of Cannabis ERP Software?
- Seed-to-sale capabilities: Includes cultivation, processing, and manufacturing. Monitor and automate grow performance and optimize future product yield by keeping a close watch on your nutritional cycle.
- Traceability: Deep audit and traceability features ensure all sale transactions are legally performed and contain info about the exact type and weight of product sold. It will also include proper inventory control such as accounting for potential waste, and that customers are certified to purchase.
- Regulatory compliance: State regulators want to monitor every step in the supply chain including where it was planted, harvested, processed, and sold. Strict traceability is a must. Compliance functionalities in cannabis ERP software will go over plant and product procedures to ensure compliance. They will also automatically report any compliance data to the state while ensuring reports are created in a compliance-friendly manner.
- Inventory management: Track stock levels of raw materials needed to perform operations, as well as any finished goods awaiting sale. Record weight levels accurately. Track expiration dates or any waste that may come about to ensure no loss of product.
- Accounting: Track the income and expenses involved with running your cannabis business. Create financial reports to review profitability and to remain transparent with state officials.
Integration With State-Required Cannabis Software
Cannabis companies will use a seed-to-sale software to meet their cultivation, manufacturing, and processing needs. Every state that has cannabis available for purchase (whether for medical or recreational cannabis) requires businesses to use seed-to-sale tracking software to stay compliant with local or state laws and regulations surrounding the sale of cannabis products.
Due to the legality of cannabis at a federal level, states require all cannabis growers to report strict figures on their sales, their growing process, their inventory levels, and more.
States themselves use their own seed-to-sale software to monitor the compliance of any cannabis business in their jurisdiction and to verify reports received from these businesses. Some solutions are awarded a contract with a state to become to main seed to sale solution operated by state authorities.
This does not mean every seed-to-sale business operating in their state must use this software, but using it will give state authorities an easier ability to receive your reporting data.
The following products have been awarded a contract in at least one U.S. state:
How Much Does Cannabis ERP Software Cost?
Cannabis ERP software can range from $3,000 to over $100,000 a year. Here’s an overview of the general pricing tiers:
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Low-Tier Pricing ($3,000 - $10,000 per year): Ideal for small-scale dispensaries, boutique growers, or startups just stepping into the cannabis industry. Includes basic ERP functionalities like simple inventory management, compliance tracking, and financial reporting.
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Mid-Tier Pricing ($10,000 - $40,000 per year): Geared towards mid-sized cannabis businesses like larger dispensaries, medium-scale growers, and integrated businesses with retail and cultivation arms. Offers more advanced functionalities such as enhanced inventory tracking, compliance management tools, and financial analytics.
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High-Tier Pricing ($40,000 - $100,000 per year): Suitable for large-scale cultivation operations, multi-location dispensaries, and businesses with extensive distribution networks. Delivers comprehensive features including advanced data analytics, regulatory compliance management, supply chain management, and CRM integrations.
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Enterprise-Level Pricing ($100,000+ per year): Designed for enterprise-level operations with national or international reach, involving complex, multi-entity structures. Provides highly customizable and scalable platforms, with seed-to-sale tracking, global supply chain management, and detailed compliance management across different jurisdictions.
What Is the Difference Between Cannabis ERP Software vs. Seed-to-Sale Software?
The biggest difference between seed-to-sale software and cannabis ERP software is the ability to provide proper financial management and inventory control. Many state-required cannabis solutions will struggle to integrate with outside options, which leaves a desire to a unified (fully-integrated) solution.
Cannabis ERP software acts as the “all-in-one” solution companies have been waiting for. Cannabis ERP is intended to provide seed to sale functionality while also including the needed back-office features to run your business smoothly.
Common Misconception
Mistakenly, seed-to-sale software is commonly thought to already be an all-encompassing cannabis industry software solution. As the industry and companies profiting from cannabis sales continue to grow, so will the need for complete functionality within one integrated system.
When the cannabis industry initially formed, the only software solutions offered were the seed-to-sale platforms. Many of these seed-to-sale solution providers marketed themselves as an enterprise-level option, but the truth is that they fall short in providing ERP features.
Is Cannabis ERP or Seed-to-Sale Software Better For My Business?
As a business grows, so will the need for accurate financial reporting that is compliant. A cannabis business used to have the following software choices:
- Pair a seed-to-sale software with a generic accounting system, and hope they integrate.
- Choose a generic ERP software that is fully-integrated, and hope it helps you stay compliant.
Companies would start out with a seed-to-sale software and use a simple accounting system such as QuickBooks Pro to handle their bookkeeping. Otherwise, they would turn to a generic ERP option that may struggle to remain compliant. Because of this, cannabis businesses have asked for a true cannabis ERP solution to emerge.
Today, cannabis ERP software continues to hit the market as a single source of data for all areas of the business. Traditional seed to sale functionality is now integrated with accounting and inventory management, and because it was built with the cannabis industry in mind, the solutions will keep you compliant.
