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“Navigating New York’s Complex Cannabis Regulations: How Biotrack Can Help Operators Stay Compliant and Grow Their Business”

April 13, 2023

Staying compliant is a requirement

As an operator in the state of New York, you are no doubt aware of the complex and ever-changing regulations that you must adhere to in order to operate successfully. From compliance with the state’s medical program to the new adult-use market, staying on top of the rules and regulations can be a daunting task.

States, including New York, ensure cannabis laws and regulation compliance through traceability. Traceability compliance refers to the process of keeping track of cannabis products from seed to sale. This includes tracking all cannabis products as they move through the supply chain, from the inception at cultivation to processing, distribution, and sales. The goal of these regulations is to ensure that all cannabis products sold in the state of New York are safe, properly labeled, and free of contaminants.

All license holders in the state of New York are required to comply with traceability regulations. This includes cannabis cultivators, processors, distributors, and retailers. Failure to comply with these regulations can result in fines, penalties, or even revocation of a license.

The New York State Cannabis Control Board requires adult-use cannabis licensees to adopt and maintain security, tracking, record keeping, record retention, and surveillance systems for all cannabis at every stage of acquiring, possession, manufacture, sale, delivery, transporting, testing, or distributing. This includes utilizing an approved seed-to-sale tracking system to compile the licensee’s cannabis inventory and transaction data. The Board may deny an application for a license, including renewal applications, if the applicant demonstrates a pattern of deficiencies, including, but not limited to, refusal or inability to produce records or reports as requested by the Office.

BioTrack’s Seed-to-Sale software keeps you compliant

One key aspect of traceability compliance is the use of a Seed-to-Sale tracking system. This system is used to track all cannabis products from the time they are seeded until the time they are sold to a customer. It allows for real-time tracking of cannabis products and allows for the identification of any potential issues or inconsistencies in the supply chain.

This is where Biotrack comes in. Our industry-leading software is specifically designed for the cannabis industry and offers a range of features that can help you navigate the complexities of New York’s regulations with ease. More than that, our team of subject matter experts provide guidance, support, and best practices along the way.

So how will BioTrack help New York cannabis licensees run their business? First and foremost, Biotrack helps operators stay compliant with the state’s rules and regulations. Our software is constantly updated to ensure that you are always aware of the latest requirements and can take the necessary steps to stay compliant. Whether it’s tracking inventory, managing employee access, or generating reports, Biotrack has you covered.

But compliance is just the beginning. With Biotrack, licensees can also take their operations to the next level by leveraging powerful reporting and analytics capabilities. BioTrack offers a variety of reporting capabilities that meet the requirements for New York State regulations. Our software provides detailed insights into everything from inventory levels to sales trends, allowing licensees to make informed business decisions and grow their business.

BioTrack also offers Cannalytics, a business intelligence and analytics platform that provides actionable insights to rescale revenue for dispensaries. Cannalytics provides customizable dashboards to track key performance indicators (KPIs), including sales, profit margins, and purchasing behaviors. The platform offers insights into customer behaviors, enabling businesses to create a loyal customer base and streamline inventory. Cannalytics also helps optimize staffing by evaluating employee KPIs and identifying areas for improvement.

Industry experience matters

But don’t just take our word for it. Here’s what one of our satisfied customers had to say: “Biotrack has been a game changer for our operation. Not only do we feel confident that we are always in compliance with state regulations, but the reporting and analytics capabilities have helped us identify areas for growth and improve our bottom line.”

Overall, the legalization of adult-use cannabis in New York State brings with it a host of changes and regulations for cannabis businesses to navigate. Understanding and complying with traceability regulations is crucial for all license holders in the state. By implementing strict tracking, labeling, and security protocols, cannabis businesses can ensure the safety and integrity of their products while also staying compliant with state regulations.

So if you’re an operator in New York looking to stay compliant and grow your business, look no further than Biotrack. Contact us today to schedule a demo and see for yourself how our software can help you navigate the complexities of New York’s cannabis regulations.

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