KORONA POS now offers full integration with the Metrc track-and-trace state monitoring system. Your dispensary sales and inventory will automatically push accurate and consistent reports directly to Metrc’s platform without any need for manual entry.
In fact, KORONA POS offers significant compliance advantages over our competitors. Our technology is built so that no matter what hiccups or complications your budtenders or managers run into, our system will track your stock numbers and purchases in real-time.
With KORONA POS, your Metrc numbers will always be perfectly in-sync. Here are some specifics about Metrc compliance, as well as what makes our dispensary point of sale the best in the industry.
What Is Metrc?
Metrc is a government-facing compliance reporting software. They are the largest track-and-trace company in the industry, having signed contracts with state cannabis controllers in Alaska, California, Colorado, Louisiana, Maine, Maryland, Massachusetts, Michigan, Missouri, Minnesota, Nevada, Ohio, Oklahoma, Oregon, West Virginia, and Washington D.C.
They use proprietary RFID tags and unique identifiers to monitor cannabis from seed to sale. This is used to ensure that the state will know where every cannabis product is from the moment a plant matures until a customer purchases a product in your dispensary.
What Does Metrc Have To Do With Dispensaries?
Staying compliant is a crucial part of running any type marijuana business. Failing to do so can land you significant penalties and even possible store closure. Dispensaries are required to report all of their inventory and sales data to the Metrc database (if the cannabis retail shop is in one of the aforementioned states).
Metrc charges a sliding scale of fees depending on how much product data you upload into their system. In addition, all employees at cannabis retail shops must complete registration and training on Metrc’s website.
KORONA POS Is Metrc Ready
Through Metrc’s API, KORONA POS offers a seamless integration for dispensaries. No need to worry about spending time or labor uploading product data onto the Metrc server. Avoid any discrepancies and reconciliation issues by choosing a smart POS that reports correctly every single time.
Our dispensary point of sale is built to excel, with notable advantages in the following capacities:
Full Reboot Reconciliation
Often, retail shops run into issues when their point of sale system reboots or shuts down due to a power outage or a staff member deciding to restart the computer. This can cause you to lose transaction information for purchases that are processed when the interruption occurs. In some instances, employees will even take advantage of the situation and pocket cash, further misaligning your numbers.
While this presents a substantial headache in any industry, it is especially detrimental for cannabis retail shops that have strict compliance requirements. With KORONA POS for dispensaries, there’s no need to worry. If your system reboots, that transaction information will never be lost or impacted. Upon reopening, you will have direct access to all data including the product, pricing, lot number, and customer information. This allows your system to reconcile all transactions with the Metrc database.
The software will also provide the same level of service in case of an internet outage. Your budtenders can continue serving customers and carrying out transactions with all of the data queued to be immediately uploaded upon a renewed internet connection. All data will be automatically migrated onto the Metrc compliance platform.
The Best Of Both Inventory Management And Compliance
Many cannabis retailers run into problems optimizing both inventory management and Metrc compliance. This is because Metrc tracks products as batch numbers, without recognizing those different batches as containing recurring strains or types of products.
Let’s say, for example, your dispensary receives a batch of Purple Kush in January and another shipment of the same strain from the same producer in February. Those batches contain the same product but are recognized by Metrc’s inventory database as completely unrelated batches.
In an effort to maintain compliance with Metrc, many dispensary POS systems use this “batch” system to conduct their inventory management and restocking. Unsurprisingly, these retail shops run into all kinds of problems keeping track of items and ensuring that their customer’s favorite cannabis products are always in stock. This is a surefire way to annoy your customers and lose out on future sales.
Luckily KORONA POS has this all figured out. The system makes the checkout process fast, transparent, and simple, while simultaneously reporting and reconciling all data with Metrc. And while Metrc uses batch numbers to track all inventory, KORONA POS uses product names. This not only keeps your dispensary in full compliance but it also better manages your product catalog, preventing stock issues. Plus, the in-depth inventory analytics, KPIs, and supplier relations make all business operations that much more seamless. Give us a call today to learn more about what we offer cannabis retail entrepreneurs and schedule a demo!