365 Cannabis chosen as California's #1 Cannabis ERP Software Choice for Licensed Cultivators

365 Cannabis has been chosen as California's #1 Cannabis ERP Software solution for its ability to track Biological Assets, Work-in-Progress and integration with the CCTT-METRC system.

365 Cannabis has been chosen as the #1 Cannabis ERP Software solution in California for its ability to track Biological Assets, Work-in-Progress, and comply with California's Cannabis Track-and-Trace (CCTT) system. 365 Cannabis is honored to be selected as a top Cannabis ERP Software solution by MG Magazine.

The California Cannabis Track-and-Trace (CCTT) system is the program used statewide to record the inventory and movement of cannabis and cannabis products through the commercial cannabis supply chain — from cultivation to sale.

All state-issued annual cannabis licenses are required to use the CCTT-METRC system to maintain information about their cannabis and cannabis-product inventories and activities, and 365 Cannabis integrates completely with the METRC system.

365 Cannabis is the ultimate seed-to-sale experience, powered by Microsoft Dynamics. 365 Cannabis not only integrates seamlessly with METRC, but also Microsoft Office 365, so email, calendar and files merge seamlessly with data, reports and business processes to improve workflow and efficiency. The biggest feature and greatest benefit of 365 Cannabis is the Biological Asset Tracking, Work-in-Progress and Cost per Gram Tracking for cultivation and production.

Agribusiness companies required to comply with Accounting Standards currently value agricultural assets at their fair value less cost to sell. The International Accounting Standards Board (IASB) is proposing to change this standard in regards to plants that bear produce (such as grape vines, fruit trees, rubber tree plantations and cannabis) so that produce-bearing plants are valued at cost less accumulated depreciation and impairment (as is the case for property, plant and equipment) with the output from these assets to be classified as inventory (and the accounting treatment being the lower of cost or net realizable value).

This is where 365 Cannabis ERP software comes in for it’s ability to track Biological Assets, Work-in-Progress and Cost per Gram. 365 Cannabis is a comprehensive vertically integrated cannabis solution built on Microsoft Dynamics platform (http://d365cannabis.com).

In MG Magazine’s August 2018 feature story “A Closer Look at Tech-Savvy Cannabis” the magazine takes a look at leading companies offering innovative products that are taking cannabis into the future.

According to MG Magazine, “Cannabis is bringing out the techie in everyone – and for good reason. In the hottest growth industry in the nation, technological superiority could spell the difference between success and failure, especially with scaled cultivation.”

365 Cannabis is the #1 cannabis ERP software solution in the United States and Canada that bears watching for its robust agribusiness tracking and accounting methodologies.

California Licensed Cultivators may contact 888-609-6766 or info(at)365vertical.com to start using 365 Cannabis ERP software at their organization.

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