For commercial producers in the regulated cannabis sector, Metrc is software that acts as a reporting tool to track cannabis output and goods from “seed to sale.” Although each state has somewhat different reporting requirements depending on their own rules, Metrc has been chosen by a significant number of jurisdictions to simplify cannabis compliance data reporting.
Marijuana Enforcement Tracking Reporting & Compliance is known as Metrc. The developers of Metrc, Franwell, claim that their product will give customers in the cannabis sector safety and transparency. Even though compliance might be difficult, businesses can benefit from openness and safety.
By using unique identification numbers (UIDs) on developing plants and the subsequent packaging of cannabis products, Metrc gathers information on cannabis material. Each transfer in the supply chain is tracked as it occurs. Traceability refers to the ability to quickly go back and review previous actions.
What does METRC track?
A web-based, state-mandated software program called Metrc (Marijuana Enforcement Tracking Reporting Compliance) was created by Franwell to trace the whole cannabis supply chain, from seed to sale. This involves growing cannabis plants and making goods from them, as well as testing, distributing, and selling them.
Metrc was created “to enhance safety and openness for customers in the cannabis business,” claims Franwell. In order to comply with their own legislation, each state has somewhat different system needs. The goal is to give state regulators transactional and inventory data.
Although Metrc is the authoritative source for all monitored events, managing daily operations in a dispensary requires an API to your Metrc-compatible dispensary software.
Why is Metrc compliance significant?
Data anomalies in Metrc are used by enforcement authorities to identify diverted funds. If these warning signs are serious enough, they could trigger an inquiry that results in the closure of the business and/or hefty fines.
For reporting inventory and sales, each registered cannabis firm in a Metrc state is subject to certain regulatory procedures.
For instance, in California, fines might be as much as 50% of your average daily sale value multiplied by the number of suspension days. For a Tier 1 infraction, the typical penalty period is 7 days. You may be looking at a $17,500 fine if your business averages $5,000 in daily sales, not to mention the lost revenue from having to close.
However, penalties and closures only occur when dispensaries neglect to follow cannabis regulations carefully. Metrc has a successful track record and has really been a beneficial instrument to manage compliance in the cannabis business.
How to report sales to Metrc
Now that you are aware of what Metrc is and why proper usage is essential, the question is:
How can I maintain my Cannabis Business in compliance while avoiding fines?
A medicinal or adult-use cannabis shop has three options for communicating daily compliance reports to Metrc from their point of sale:
Report to Metrc manually
With this approach, data is manually submitted to Metrc after being downloaded from your cannabis point-of-sale software as a CSV file and formatted appropriately. Because it requires the greatest time and work and is more prone to human mistakes, this sales upload approach may put you in danger.
Automatic Metrc sync with Kanha
We advise using Kanha’s automated sync to Metrc, which transmits your sales data to Metrc in real-time keeping you in moment-by-moment compliance with State regulations. if the Metrc system is down, Kanha waits to transmit this information to Metrc.
When Metrc goes down, which seems to happen every month, your operations are not effected when you are running Kanha.
