420MSP Newsletter: Issue 2-5
* RocketMSP podcast features 420MSP
* Topic of Legalization has Become Generally Popular
* Like Our Stuff
Steve Taylor, host of RocketMSP, recently host Harry Brelsford on his show titled “MSP Today: How to MSP the Cannabis Industry with Harry Brelsford.” The podcast covered off on a variety of topic concerning CannaTech including a review of the technology supply chain, the technology ecosystem and the technology workloads and workflow for a dispensary. Listen to the end to hear Harry’s prediction on how long this boom will last.
Within the last two decades Cannabis has gone from being illegal and only available on the black market to a highly profitable and regulated industry. For many, the booming cannabis industry has brought on the creation of jobs, tax revenues, and many other blessings. Although it has brought on many good things, it has also brought on insight for more social equality within the cannabis landscape. According to the ACLU, 8.2 million people were arrested for marijuana from 2001 to 2010. Of course, you know, our country was at a different place than it is now. Of those millions of arrests, 88% of the arrest were arrested simply for possessing, not for selling or trafficking. When you look at the statistics it show that Caucasians as well, as African Americans pretty much use or consume cannabis at the same rate, however, minorities are four times more likely to be arrested for marijuana possession than their Caucasian counterparts. So what ends up happening is, you have that on your record, making it substantially harder to get what we would call a regular job, let alone get the capital to invest in opening a dispensary or getting into the cannabis industry.
Although great businesses are built on great products, technology has increasingly become one of the underlying drivers of success. From inventory management and labeling to point of sales and accounting systems the efficacy of the solutions can either make or break your business. Finding the right tools not only can help you save time and increase efficiency within your business, but also keep you in compliance. With a wide variety of options and solutions the key is finding the “right” solution for your needs. In the last few years, there have been rapid advances and changes in the Cannabis industry making meeting the stringent compliance rules and regulations a challenge.
420MSP Newsletter: Issue 2-4
* Tails from the Trenches
* Continuing Education
* Like Our Stuff
In today’s fast paced work environment technology plays a major role in our lives, and most of us may find it hard to remember a time when phones, computers, tablets, and other devices weren’t a part of it. While technology certainly makes life easier and more convenient especially for many retailers, it also has put a hinderance on life when it goes out, and or is unavailable. We rely on these line of business applications so deeply that when they have problems, like a little bit of over usage on the national cannabis holiday of 420 that we do not know what to do when we can’t use it.
The topics of legalization of cannabis has become generally popular across all demographics, political parties, and rural and urban areas across the US. Although, popularity is not enough to get a legislation and or governor to push the legalization it is helping in many states including New York, Virginia and New Mexico. With these three states passing legislation this year (bringing the total state where recreational consumption became legal to 17), and the House of Representatives passing a bill to allow banks to conduct business with Cannabis related companies in states where marijuana is legal, the legalization of marijuana support is at an all time high.
420MSP Newsletter: Issue 2-3
* Cannabis Business Risks and How to Prevent Them
* Customer Retention
* Like Our Stuff
The cannabis industry is moving at a quick pace, from states onboarding, to regulations changing and everything in between. The entire vertical is continually evolving and changing. With all of these changes, MSPs face challenges and curveballs daily. These curveballs are due to dealing with different sates, a lot of different compliance issues, different schedules, and of course different standard.
Continuing education is one of the best investments you can make in your future. By furthering your knowledge base, skills, and techniques you can open up a new world of opportunities, from higher paying jobs, to new job titles and just staying relevant in this fast paced industry. Although, the idea of returning to a classroom to continue your education may not be on your list of things to do, there are other ways to pursue knowledge.