Flowhub, a dispensary growth platform for cannabis retailers nationwide, is integrating with BioTrack, the official government traceability system for 11 legal cannabis markets in the United States. The integration expands Flowhub's national footprint to 36 states and simplifies dispensary operations, offering a centralized platform designed specifically to meet the evolving needs of cannabis retailers.
"The expansion into BioTrack-compliant states marks a significant milestone for Flowhub. We are committed to growing alongside our retail partners as they enter new markets, including New York, Illinois, Florida and New Mexico where billions of dollars in cannabis are sold annually," stated Kyle Sherman, founder and CEO of Flowhub.
Sherman, one of the speakers at the Benzinga Cannabis Capital Conference April 16-17, added, "There is a glaring need for a more modern POS software platform like Flowhub. We're powering the next generation of dispensaries that are efficient, sustainable, growing, and profitable."
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Key Features
Integrating BioTrack's seed-to-sale compliance solution centralizes key business functions, automates workflows and untangles complex compliance reporting with the following features:
- Multi-state functionality: Multi-state operators (MSOs) can effectively manage multiple cannabis retail dispensaries and report to various track-and-trace compliance systems (including Metrc, BioTrack, and state-specific regulatory bodies) under a single login.
- In-app discrepancy management: A first-of-its-kind workflow allowing BioTrack users to efficiently address cannabis inventory discrepancies without leaving the point of sale.
- Automated sales reporting: Maintain full compliance and reduce the risk of human error by automatically pushing sales reports to BioTrack in real time.
- Receive by manifest: Importing pre-populated BioTrack data directly in Flowhub simplifies the process of adding new inventory and saves valuable time.
Flowhub's innovation has allowed it to achieve profitability, which is a rare milestone in the cannabis technology space. The company has granted more than $8M in free software through its Social Equity Program. It has also attracted the support of high-profile investors, including the founders of Venmo and world-renowned rapper, entrepreneur and entertainment mogul Shawn "Jay-Z" Carter.
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn, and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world. Get your tickets now on bzcannabis.com – Prices will increase very soon!
Photo: Courtesy of Michele Ursi via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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