Catalyst #5: Tracking Data + POS Integration - RFID Tags Track Marijuana From Seed to Sale, in Colorado
To understand the competitive edge of NSAV's integrated POS and RFID tracking system being developed, check out the challenges extracts listed below from this Feb. 11/14 article: http://mashable.com/2014/02/11/marijuana-rfid-tracking/
1. Most significant is the state-mandated system does not integrate with the tracking and point-of-sale software medical marijuana dispensaries have been using to keep tabs on their products for years.
2. "Point of sale companies like MJ Freeway and BioTrack have very good, developed systems," says Elliott. "They've been very user-friendly. That's the biggest rub, though — the new system is not communicating with them. You have to manually input data a second time: once for the state's program and then again for this other system."
3. Doubling up inventory calculations not only means wasted man-hours, it leaves room for human error, Elliott says. The smallest mistake in calculating or inputting weights and quantities can be critical. (A medical marijuana facility that stocks more pot than what its patients require faces fines and penalties).
4. The regulatory challenges don't end with RFID. Marijuana businesses are almost exclusively cash-only, which makes precise auditing of store transactions a long process with potential for error. Retailers face stringent packaging regulations — on par with prescription drugs, says Elliott — and it has been difficult for manufacturers to meet their needs. Plus, stores that sell both medical and recreational marijuana face extra hurdles in complying with differing regulations for each business.
a) How much demand do you think NSAV will have for its integrated POS and RFID tracking system from $eed to $ale that avoids duplication of entering data twice !?!!!
b) Will NSAV's clients be private or government (i.e. accuracy and completeness of taxation revenue) or both !?!!!
c) How much time and money do you think NSAV's integrated systems will save all stakeholders involved !?!!!
1. Every website comes equipped with a secure login system for your patients to register online.
2. Get rid of the old-fashioned paperwork, and use the system to input patient information and automatically verify doctor recommendations.
3. Using the patient management tools you can offer online rewards and loyalty program that you create and manage inhouse to keep those patients coming back!
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