Chances are if you are reading this, you’re a cannapreneur or cannabis business owner and are familiar with METRC. If so, you can skill this intro and check out the five tips for METRC below. For those of you that are not familiar, you may be asking yourself, “What is METRC?” METRC is what the MED uses to track marijuana. It is considered to be the only relevant inventory and sales tracking system for the Marijuana Enforcement Division. So it is therefore extremely important for cannabis businesses to stay on top of this, and that their POS (point of sales) systems are communicating effectively with METRC on a daily basis.
Because if not, things can go downhill pretty quickly for those companies…we have all heard horror stories, or maybe you’ve even experienced it yourself. In this industry, consolidation is driven by compliance. That said, here are 5 things you’ll want to look out for, as they are major METRC red flags.
1.Packages with positive or negative value over inventory amounts
Or packages containing no inventory, or inventory not contained within a package
2. Sales from non-existing packages or closed packages
3. No daily sales entries or missed days
4. Improper classification in the “Notes” section
5. Having multiple users logged-in under one account
If you would like to receive alerts of compliance changes, you can sign up here, courtesy of Evolutionz.
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