The cannabis industry needs innovative solutions.

Over 65% of the cannabis industry still relies on paper or non-universal record keeping. Current logistics solutions are challenging to implement, due to poor software compatibility and high integration costs.

Along the newly developing cannabis supply chain, the demand is growing for real-time and secured traceability.

Cannabis Industry Focus

Major cannabis companies have recently expressed frustrations about supply chain issues as recreational marijuana has been legalized in some U.S states and in Canada. The current production levels of all the licensed producers combined are projected to meet only 30-60% of total demand.1

Within the cannabis supply chain, the processing and logistics nodes are the most critical in terms of security and traceability. IoT and Supply Chain Mapping (SCM) enable processors to more effectively buy/sell equipment, improve their production cycle, and ship to retailers. For logistics companies, IoT and SCM enable delivery verification and cold chain tracking, and improved pickup and drop off transactions.

CANNABIS LOGISTICS MARKET EXPLODING —
WITH FEW PUBLICLY TRADED OPTIONS

With the explosive emergence of new legal cannabis markets, there is a growing demand for “regulated” real-time traceability in cannabis supply chain.

The cannabis sector is unique, in its shocking reliance upon paper or non-universal barcoded recording, which lacks traceability and proper control along the supply chain. An estimated 65% of cannabis operators are still using antiquated logistics strategies.

This gap is especially alarming, given that within the cannabis supply chain, the processing and logistics nodes are the most critical in terms of security and traceability.

Which is where innovators such as TrackLoop are direly needed. Many current options for enterprise resource planning (ERP) and internet of things (IoT) multi-platform integration make real-time tracking difficult and highly expensive—reaching up to a $500,000 multi-year increment cost per enterprise.

TrackLoop’s Solution for the Cannabis Industry

TrackLoop’s platform that involves IoT and smart Supply Chain sourcing and monitoring enables processors to more effectively buy and sell equipment, improve their production cycle, and ship to retailers. For logistics companies, IoT-powered Supply Chain track & trace enable delivery verification and real-time cold chain monitoring that subsequently improves quality of on-demand pickup and drop off transactions.

Cannabis Industry Sector Groups that TrackLoop Benefits

Growers

Buy supplies and equipment; during harvesting; post harvesting; packing; shipping; and monitoring lab samples.

Dispensaries

Delivery verification; inventory management; entry control; sales.

Processors

Buy supplies and equipment; production cycle; lab ID received; shipping to retails.

Logistics

Delivery verification; pick up; cold chain tracking; drop off.

Lab Testing

Non-GMO; organic; indica

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