Despite being insanely profitable, the nascent cannabis industry still has plenty of kinks to work out. At the moment, the industry lacks a cohesive, nationwide regulatory structure and this has allowed plenty of lower quality products to slip through. Studies have found that a statistically significant portion of cannabis products on the market are either contaminated with heavy metals or do not contain what is stated on their labels. That’s what makes third party testing coupled with barcode labeling so crucial to the industry’s long term survival.
Cultivators, processors, and distributors are already required to track their products at every step of the production process, from seed to sale. That’s a whole lot of information and consumers as well as regulators need access to it to ensure the products are compliant with all regulations and are of high quality. However, since all that important information cannot fit on a conventional product label, barcodes were introduced.
Paired with common business systems like METRC, BioTrack, and MJFreeway, accurate and secure barcode labeling will streamline the end-to-end process and allow players in the cannabis space to meet traceability requirements. The Cannabis Industry Journal reports that “it is crucial to implement accurate labeling processes from the beginning, whether growing for a customer or your own vertically integrated operation.” And with the industry under strict labeling regulations, being compliant right from the start also protects you from any possible issues in the future.
“Your barcode labeling solution should also include label-approval requirements, so you have role-based access and transparency with label changes and print history in case of issues or recalls,” the Cannabis Industry Journal states. “Whatever cannabis labeling regulations your business faces, label design software helps you create compliant cannabis labels throughout the supply chain, from grower to customer.
Additionally, the journal says, select regulations require growers to leverage RFID technology to track the location of the plants in their grow houses. This technology enables real time inventory analysis and helps to reduce labor costs as well as possible errors that can occur with manual counting. A barcode labeling system that can enable easy RFID tag encoding that integrates data from all your business systems will allow you to accurately encode RFID tags with variable plant data.
Most importantly, labeling gives customers access to third party test results. A product label on a cannabis product ought to contain the pass/fail chemical testing, final date of testing and packaging, identification of the testing lab, cannabinoid profile and potency and third party lab test results. “A lot of information needs to go on a cannabis label,” the Cannabis Industry Journal concludes.
Experts say entities like Sugarmade, Inc. (OTCQB: SGMD) may already have a lot of fool-proof traceability systems in place, and startups in the cannabis space need to borrow a leaf from these veterans of the industry.
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CNW420.com
Do you have questions or are you interested in working with CNW420? Ask our Editor
CNW420 is part of the InvestorBrandNetwork.