The cannabis-infused market is soaring, with products becoming mainstream both medicinally and recreationally. According to a report from marijuana market research company ArcView Market Research and BDS Analytics, Americans and Canadians are expected to spend $4.1 billion on cannabis edibles by 2022. As marijuana legalization expands, the quantity and variety of infused food, beverage and dietary supplement products are expected to grow. Cannabis ERP software supports proactive edibles, extracts and concentrates manufacturers with compliance capabilities.
What are cannabis edibles?
Edibles are food, beverage and dietary supplement products made from cannabis or infused with cannabis extract. The extractions used in edibles are of two types - tetrahydrocannabinol (THC) which is psychoactive and cannabidiol (CBD) which is not. Either of these can be used to make a variety of food and beverage products including gummies, mints, teas, baked goods and chocolates - providing an expansive selection of products in all shapes, forms and doses. Despite the lack of federal regulation for these products, consumers have the same expectations of safety, consistency and quality as mainstream food and beverage products.
Proactivity in the edibles market
Since the Food and Drug Administration (FDA) does not recognize cannabis edibles as legal, there are no federal mandates in existence for the regulation of cannabis edibles. However, it is important for manufacturers of these products to realize that operations may currently have state or jurisdictional regulations and is predicted that there will be federal regulations at some point in the future. In the interim, managing regulatory requirements and mitigating food safety hazards with cannabis software that supports compliance initiatives can put your company one step ahead of the competition and future regulations
How ERP software solutions can help
An ERP solution provides the accountability necessary to meet cannabis compliance measures with a centralized, streamlined and secure system. The following functionalities help to meet compliance goals:
- Maintaining approved supplier relationships
- Facilitating inventory control
- Managing recipe and formulation management
- Integrating with jurisdiction-approved traceability systems to conform to legal requirements
- Capability to support product recall
- Assistance with accurate product labeling
- Handling of food safety measures, including Global Food Safety Initiative (GFSI) certification, Hazard Analysis and Critical Control Points (HACCP), current Good Manufacturing Practices (cGMP’s) and other preventative controls
Position your cannabis edibles manufacturing operation as an industry leader by utilizing marijuana software now to prepare you for the implementation of regulations down the road. ProcessPro ERP has more than 30 years of experience in helping companies in regulated industries meet compliance requirements. Contact us for a personalized cannabis ERP software demonstration today.