Running a cannabis dispensary in 2025 demands smart inventory management. You must balance stock to avoid shortages or overstock. This keeps profits high and control firm. Poor handling can lead to waste, theft, or fines. With regulations like seed-to-sale tracking, it’s complex. As a CPA firm for cannabis businesses, we help tie inventory to finances. This ensures compliance and boosts your bottom line under IRS 280E rules.
Step 1: Choose the Right Inventory Management Software
Start with cannabis-specific software. Tools like Flowhub, Dutchie, or Flourish offer real-time tracking. They integrate with Metrc for compliance. This prevents errors in batch tracking. Look for features like auto-alerts for expiration. These reduce waste and maintain stock levels. Good software also forecasts demand. It helps you order just enough to meet sales without tying up cash.
Step 2: Implement Best Practices for Stock Control
Assign a dedicated inventory manager. This person maps out flow from intake to sale. Set par levels based on sales data. Conduct monthly counts and audits. This catches discrepancies early. Use security measures like locked storage and cameras. Train staff on handling to prevent theft. For profit, markdown slow-moving items. Transfer stock between locations if needed. Adopt a sale-to-seed mindset. Base buys on customer demand, not just supply.
Step 3: Focus on Compliance to Avoid Costly Penalties
Compliance is key in cannabis inventory management. Track every product from seed to sale. Automate reports for state regulators. Use software for lot and batch control. Monitor expiration dates to comply with safety rules. This avoids recalls or fines. In 2025, tools like AI reordering help stay ahead. Regular training keeps your team updated on laws. This maintains control and protects your license.
Step 4: Leverage CPA Expertise for Financial Optimization
Inventory ties directly to your finances. Under IRS 280E, track cost of goods sold accurately. A CPA can integrate your software with accounting systems. We handle accrual basis tracking for better insights. This optimizes deductions and cash flow. We also audit for profit leaks like overstock. Partnering with us ensures your dispensary thrives without losing control.
Conclusion
Effective cannabis inventory management safeguards profits and control. Follow these steps to streamline your dispensary ops in 2025. From software to compliance, stay proactive.
