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What is inventory management in a dispensary?

Inventory management is the process you use to order, store, organize, and move stock through your dispensary's supply chain. It ensures you have the right amount of product in the right place at the right time.

Why is inventory management important for a cannabis dispensary?

Effective inventory management in a cannabis dispensary is crucial to avoid licensing fines or suspensions. Therefore, your dispensary's inventory practices must be accurate, efficient, and scalable. Scaling up your procedures necessitates adapting inventory practices as your dispensary grows.

Does cannabis retail need inventory management?

In the cannabis retail industry, proper inventory management isn’t just a smart business practice — it’s a regulatory mandate\. Failure to correctly track, monitor, and report inventory can result in fines or even loss of licensure.

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