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While enterprise software, which includes ERP applications, has existed for decades, it generally falls short of the unique needs of the emerging cannabusinesses staking their claim in the budding cannabis which New Frontier Data estimates will reach $43 billion by 2025.
As federal laws still criminalize cannabis, and state and local regulations are strict yet widely variable across regions, finding the right enterprise software that can juggle the unique needs of cannabis retailers, distributors and brands has been difficult. Fortunately, software platforms like Treez have been working to develop an enterprise retail commerce platform specifically tailored to cannabusinesses such as dispensaries, distributors and brands — closing an important gap for the owners and operators in every part of the supply chain.
The Cannabis Software Industry Before Cannabis Retail Commerce Software
Until recently, the cannabis software space has been dominated by what’s known as “seed-to-sale” software. While the name sounds like it would be a comprehensive tool, seed-to-sale software just tracks cannabis inventory from cultivation through processing to the final sale. Its main purpose is to help businesses comply with state and local tracking and reporting requirements.
Moving past basic inventory tracking and management services has been a challenge in this heavily regulated industry for many reasons. One of the most difficult obstacles is the fact that some …