Under the Microscope with Jenny

Ep. 40: Common Inventory Track & Trace Mistakes That Put Cannabis Operators at Risk


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๐ŸŽ™In this episode of 'Under the Microscope with Jenny,' host Jenny Germano delves into the topic of common inventory tracking mistakes that put cannabis operators at risk. With over 16 years of experience and helping cannabis facilities navigate the regulatory landscape across the United States, Jenny shares valuable insights into how to prevent common mistakes related to the Metrc seed-to-sale tracking system. She discusses the importance of maintaining accurate inventory records and preventing compliance violations, emphasizing daily reconciliation, proper staff training, and having robust inventory management standard operating procedures (SOPs). Jenny shares her practical tips for avoiding common inventory track and trace pitfalls and highlights her motto - bad data in equals bad data out. Learn about the risk exposure of poor inventory management, tips for better compliance, and recommendations for staying audit-ready in an industry that is under the microscope. Don't miss this essential episode for cannabis operators looking to improve their inventory management processes.

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๐ŸŒฟ๐—ข๐˜‚๐—ฟ ๐—›๐—ผ๐˜€๐˜: Jenny Germano, Founder of ICS Consulting

๐ŸŒŽ ๐—œ๐—–๐—ฆ ๐—–๐—ผ๐—ป๐˜€๐˜‚๐—น๐˜๐—ถ๐—ป๐—ด: https://www.icsconsultingservice.com

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โฐ๐—ง๐—ถ๐—บ๐—ฒ๐˜€๐˜๐—ฎ๐—บ๐—ฝ๐˜€โฐ

00:51 Common Inventory Pitfalls

02:59 Importance of Compliance and Training
11:32 Seed to Sale Tracking Explained
17:43 Physical Inventory and Best Practices
21:35 Common Metrc Mistakes and Solutions
29:50 The Importance of Naming Conventions
30:12 POS System Integration Challenges
32:04 The Handling of RFID Tags
34:17 Adjustments, Transfers and Manifest Errors
39:32 Late Reconciliation and Non-engagement with Reports
45:14 Staying Audit Ready
49:46 Best Practice Recommendations & Wrap Up

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๐—Ÿ๐—ฒ๐—ด๐—ฎ๐—น ๐——๐—ถ๐˜€๐—ฐ๐—น๐—ฎ๐—ถ๐—บ๐—ฒ๐—ฟ: The content shared on this channel - including all videos, podcasts, interviews, and discussions is provided for educational and informational purposes only. It is not intended as legal, compliance, or business consulting advice, and should not be relied upon as such. Laws and regulations surrounding cannabis and related industries vary by jurisdiction and are subject to change. Always consult with a qualified attorney or licensed professional before making decisions that could have legal or regulatory consequences for your business. Listening to or viewing this content does not create a client relationship between you and ICS Consulting, Under the Microscope with Jenny, Jenny Germano, or any of the podcastโ€™s guests. Any opinions expressed are those of the individual speakers and do not necessarily reflect the views of ICS Consulting or its affiliates.

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Under the Microscope with JennyBy Jenny Germano