Years ago, after the legalization of recreational cannabis in several states and the passing of the 2014 Farm Bill, economists, agriculturalists, and agricultural economists said cannabis could become the new cash crop. Today, nearly 20 states and Washington D.C. have legalized cannabis, and the 2018 Farm Bill legalized hemp at the federal level, creating a booming CBD industry. Not to mention, the legal marijuana industry is booming itself.
Congratulations to you if your business is one of those thriving in the burgeoning cannabis industry. However, you don’t have time to rest on your laurels, because the competition is thick, and they’re pulling all the stops to get to the next level. With the right tools, you can continue your positive momentum and facilitate more growth, so we’ve put together a list of some tools you’ll need for your fast-growing cannabusiness.
Shrink Sleeve Machine and Labeling Applicator
One of the best ways to save revenue is to do your own packaging. Packaging your own products removes a link in the supply chain, enabling you to grow your profits while also providing savings to your customers. You’ll also need shrink sleeve labeling applicators to do your own labeling and a laptop with batch software for operating your labeling system.
Hydroponic Control System
A hydroponic control system is an essential tool for large commercial growing operations. It automates heating, cooling, humidification, lighting, and more. You’ll appreciate the value the system provides, and consumers will love your high-quality bud.
Integrated Security System
A vital aspect of running a business is understanding potential threats to your enterprise. Cannabusinesses are often targets because many of them deal primarily in cash. Moreover, people love their products. Integrated security systems that utilize surveillance and IoT technology are becoming standard equipment of grows and dispensaries.
Your cannabusiness can make a lot of money through e-commerce, but you need the right infrastructure to take advantage of your potential online sales. With an integrated POS system, you can manage transactions in your brick-and-mortar and e-commerce stores on the same platform, which makes accounting and inventory management simpler.
You pay for every inch of your greenhouse, so you might as well maximize your space. Many growers see up to a 50 percent increase in grow space simply by replacing their stationary wooden benches with rolling benches. Rolling benches are made of metal rather than wood, making them more durable and easier to clean. Furthermore, you can adjust them to bring them to a working height to prevent having to bend and stoop to get to plants. Your knees and back will thank you.
Of course, if you use rolling benches to increase your yields, you’ll also need more grow lights. Use this as an opportunity to upgrade to full-spectrum lights, which can significantly increase the health and quality of your plants.
With the right tools, you can facilitate the continued growth of your cannabusiness and possibly become an industry leader. Even if you have years of experience in the cannabis industry, you have to add new features to your production capabilities to accommodate rapid growth and capitalize on your momentum. Some of the equipment you should consider procuring includes shrink sleeve machines, an integrated POS system, a hydroponic control system, an integrated security system, more grow lights, and rolling benches.
It might seem like a long shopping list, but growing your cannabusiness is all about making room to serve more buyers. It’s critical that you create a budget and stick to it. It’s also a good idea to outsource CFO services to help with the financial planning for your upgrades. Furthermore, do your due diligence to make sure you find the best tools possible for your budget. Expanding your cannabis operation might come with some growing pains, but it will all be worth it.