AirMed & Product Diversification
In a recent post, we discussed the benefits of product diversification for cannabis producers. Read the post here: https://airmedcloud.com/benefits-product-diversification/
If you have a diversified product range or are considering diversifying, know that AirMed is here for you. No other cannabis management system offers the breadth of functionality, ease of use, and comprehensive features to cover all classes of cannabis.
- Dried cannabis
- Fresh cannabis
- Cannabis plants
- Cannabis plant seeds
- Cannabis edibles
- Cannabis extracts
- Cannabis topicals
Some cannabis products, such as extracts, edibles and topicals, are categorized as special classes due to the unique public health and safety risks they present. As a result, these have specific requirements pertaining to their formulation, production and composition. AirMed offers features designed specifically for those cannabis classes. There are dedicated workflows for storing extractions after processing for further processing or for blending with other materials and more. Weights are tracked to five decimal places for precision and reporting.
Packaging features in AirMed include the ability to create discrete units such as edible gummies or gel caps, which can be recorded individually in groups or as bulk packages.
Our system offers GS1 barcoding and configuration for tracking product cases and master cases. And all labels are produced and created from within AirMed and can be customized to your needs.
With more stringent requirements for some cannabis classes comes a greater need for control and risk mitigation. Access to AirMed software functionality is controlled on a user-by-user basis. Workforce management in our software utilizes configurable departments and job roles to control which workflows workers are authorized to use. You determine who is given rights to these production areas based on the needs of assigned job roles.
We’ve also provided a range of quality management (QMS) features to support Good Production Practices (GPP) and a Preventive Control Program (PCP).
To maintain compliance with Health Canada and accurately complete the monthly CTLS report, licenses processes have specific data management requirements. We’ve already accommodated those needs with data automatically populated in the CTLS Worksheet Tool.
AirMed not only accommodates compliance reporting but business intelligence as well. Hundreds of pre-built reports are available for sales, clients, inventory, production and more.
And AirMed can manage multiple client facilities, and data can be partitioned to each respective facility.
AirMed has been 100 percent Canadian owned and operated since it was created in 2014. Click the Request Demo button at the top of the page today to explore AirMed in a free walkthrough and learn what home-grown can do for you.
For more information about AirMed visit our Software page.
The Benefits of Product Diversification
A Strategic Advantage for Producers
Cannabis producers are continually seeking ways to stay competitive and expand market share. One strategy for achieving these objectives is through diversification, which can include edibles, extracts, topicals, and even non-psychoactive CBD products. Diversification not only mitigates many of the risks associated with market volatility but also presents opportunities for innovation, efficiency and sustainability.
Risk Mitigation: The market for cannabis is subject to external pressures such as regulatory changes, shifts in consumer preferences, and economic fluctuations. By developing a range of products, manufacturers can buffer against these uncertainties. If one product line faces a downturn due to new regulations or market saturation, having a portfolio of alternative products can help maintain revenue streams.
Market Expansion: Diversification lets cannabis producers tap into different market segments to increase their chances of capturing market share in an expanding and competitive landscape. The cannabis market is no longer limited to flower smokers; consumers now seek items tailored to their preferences, such as edibles, tinctures, topicals, concentrates, and even beverages or health-focused CBD products. Each product range appeals to different demographics, from those who prefer discreet consumption methods to those interested in recreational or medicinal benefits. By offering a broad spectrum of products, producers can attract a wider consumer base, including those who might not typically engage with traditional cannabis products.
Innovation & Brand Loyalty: By innovating, producers can set trends rather than follow them, creating unique offerings that can become synonymous with their brand. This not only helps capture market attention but can also build strong brand loyalty. Consumers are more likely to remain loyal to a brand that consistently offers new, exciting, and effective products. Customers who have a good experience with a flower product may gain the confidence to explore edibles, tinctures, or wellness items from the same producer. Offering a wide variety of high-quality products enables cannabis producers to build stronger relationships with consumers. Moreover, diversifying helps a brand stand out from competitors, positioning it as a one-stop shop. Building an extended portfolio reinforces brand reputation and credibility in a market where consumer trust is essential.
Efficiency & Sustainability: Diversifying product lines can lead to better utilization of resources and contribute to environmental sustainability. Different products might use different parts of the operation, ensuring that waste is minimized, and all plant materials are used more efficiently. This can lead to economies of scale, potentially lowering the cost per unit and reducing the environmental footprint, which can appeal to environmentally conscious consumers.
Compliance with Evolving Regulations: The cannabis regulatory landscape is continuously changing, with regional laws specifying what types of products can be sold. By diversifying, producers are better positioned to adapt to regulatory changes. If one jurisdiction bans smoking, a producer with a line of edibles or topicals can still serve that market, maintaining presence and revenue.
Conclusion
Diversification offers a way to manage risk, expand market reach, foster innovation, optimize resources, comply with regulations, and contribute to sustainability. For cannabis producers looking to thrive, diversifying can be the answer. By expanding portfolios, producers can reach new customers, reduce financial risks, stay ahead of trends, and increase profitability. As the industry continues to mature, those who embrace product diversification will likely lead the market, setting standards and capturing the diverse needs of consumers worldwide.
AirMed has been 100 percent Canadian owned and operated since it was created in 2014. Click the Request Demo button at the top of the page today to explore AirMed in a free walkthrough and learn what home-grown can do for you.
Watch for an upcoming post on how AirMed handles a range of cannabis products and classes. In the meantime, visit our Software page.
Report: Cannabis Cultivation Market 2025
The Cannabis Cultivation market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market.
This is one of a series of reports on the cannabis industry published by Research and Markets, an industry analysis firm headquartered in Dublin Ireland.
The analysts at Research and Markets predict the cannabis cultivation market will grow from $179.32 billion in 2024 to $208.64 billion in 2025 at a compound annual growth rate (CAGR) of 16.3%. “The growth in the historic period can be attributed to legalization trends, medical use acceptance, consumer awareness, investment inflow.”
The reports goes on to predict the cannabis cultivation market “will grow to $407.91 billion in 2029 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to research and development, sustainable practices, consumer education.”
Although the full 200-page report is expensive, the description and executive summary are free and provide excellent information on the marketplace including the following points.
- The adoption of cannabis for treating chronic diseases is anticipated to drive the growth of the cannabis cultivation market in the future.
- The increasing public acceptance and demand for cannabis are expected to boost the growth of the cannabis cultivation market going forward.
- Product innovations are a key trend gaining popularity in the cannabis cultivation market.
To read the description & executive summary of this report, visit:
https://www.researchandmarkets.com/reports/5766626/cannabis-cultivation-market-report
Canadian Cannabis Research Summit: Apr 30-May 1, 2025 in TO
The 2025 Canadian Cannabis Research Summit will bring together the largest assembly of cannabinoid researchers and clinicians in Canada in over a decade. This landmark event will celebrate Canada’s rich diversity of cannabinoid research, shining a spotlight on the research centres, networks, and groups driving innovation in this critical field.
This national gathering of Canadian cannabinoid medicine researchers, clinicians, trainees and allied healthcare practitioners will showcase research being conducted from coast to coast. This event will also continue detailed discussions on the latest cannabinoid research, clinical care and future government policies.
The summit is hosted by the Canadian Consortium for the Investigation of Cannabinoids (CCIC), whose mission is to advance and promote evidence-based research and education concerning the endocannabinoid system, the therapeutic applications of cannabinoids, the potential harms associated with cannabis use and the societal and health impacts of non-medical cannabis use to the health care community and the general public. The CCIC represents a group of researchers, healthcare professionals and educators who promote a balanced perspective regarding the current science says about the biological, health and societal effects of cannabis and cannabinoids.
This event promises to be Canada’s most comprehensive forum on the science behind cannabis, its potential therapeutic benefits and the societal and health impacts of legalization of non-medical cannabis from leading researchers and physicians in the field.
April 30 and May 1, 2025 at Victoria College, 73 Queen’s Park Crescent in Toronto, ON. For more information visit: https://ccic.net/ccic-conference/
Health Canada Revises Certain Cannabis Regulations
For the purposes of streamlining requirements, Health Canada has amended certain regulations concerning cannabis.
Canadian cannabis news site Stratcann published an article on March 12 discussing the revisions.
“The regulation changes focus on five key areas: licensing, production, packaging and labelling, security, and record keeping. The government’s goal with these changes is to address some of the challenges expressed by the industry while maintaining the key public health and safety concerns within the federal Cannabis Act.”
In the new regulations, which were made official in February and took affect last week, production limits for micros increased, and requirements for non-human and non-animal research testing decreased.
Another revision omitted the printed “Consumer Information Document” requirement that in the past had to accompany every shipment of cannabis in Canada.
There were also revisions for hemp producers.
Read a summary revised regulations here: https://www.canada.ca/en/health-canada/services/publications/drugs-health-products/summary-changes-following-streamlining-regulations.html
Read the Stratcann article on the changes here: https://stratcann.com/other/updates-cannabis-rules-regulations-now-public/
Still Proudly Canadian-Owned and Operated
After more than 10 years in business, we are incredibly proud to remain 100 percent Canadian-owned and operated. From day one, our mission has been clear: to provide world-class products and services while staying true to our Canadian roots.
Every decision we make is guided by our commitment to support the Canadian cannabis industry — from Cape Scott to Cape Spear and every point in between.
With hard work, innovation, and the continued loyalty of our customers, we’ve built something truly special and truly Canadian.
Through our second decade in business, we hope to continue serving you with the same passion, dedication, and Canadian pride that has defined us since 2014.
Take a tour of AirMed to see what homegrown can do for you. Call us today at (877) 313-2442 or use the Request Demo button at the top of the page.
In the meantime, visit our Software page.
Study: Medical Cannabis in Older Patients
A study carried out by representatives of the University of Victoria and the commercial cannabis industry reports that “Approximately 90% of patients used medical cannabis to treat pain-related conditions such as chronic pain and arthritis. Almost all patients reported a preference for oral cannabis products (e.g., extracts, edibles) rather than inhalation products (e.g., flower, vapes), and most preferred oral formulations high in cannabidiol and low in tetrahydrocannabinol.”
This study aimed to assess the patterns of medical cannabis use in patients over 50 years of age and its effect on health outcomes such as pain, sleep, quality of life, and co-medication.
The Medical Cannabis in Older Patients Study (MCOPS) had treating physicians collecting detailed data on participant characteristics, medical cannabis and co-medication use, and associated impacts on pain, sleep, quality of life, as well as adverse events.
There were 299 participants with an average age of 66.7 years, 66.2% of which identified as female.
“Over the six-month study period, significant improvements were noted in pain, sleep, and quality of life measures, with 45% experiencing a clinically meaningful improvement in pain interference and in sleep quality scores. Additionally, nearly 50% of patients taking co-medications at baseline had reduced their use by the end of the study period, and quality of life improved significantly…”
The study was published by the Research Society on Marijuana and can be accessed here:
https://publications.sciences.ucf.edu/cannabis/index.php/Cannabis/article/view/239An article summarizing the results was published on Norml.org, an organization whose mission is to move public opinion sufficiently to legalize the responsible use of marijuana by adults, and to serve as an advocate for consumers to assure they have access to high quality marijuana that is safe, convenient and affordable.
https://norml.org/blog/2025/02/21/study-cannabis-use-in-older-patients-associated-with-improved-quality-of-life-lower-demand-for-prescription-drugs/
CannExpo 2025: Mar 21-22 in Toronto
CannExpo is the ultimate event for professionals, consumers, budtenders, LPs, start-ups, retailers, investors, and curious newcomers in the cannabis retail sector.
Dive into the heart of the cannabis industry, and explore new brands, connect with the cannabis community, and learn from industry leaders at CannExpo.
This event will be held March 21-22, 2025 at the Queen Elizabeth Building, Exhibition Place, Toronto. For more information visit: https://cannexpo.ca/
Data-Driven Decision Making & AirMed
Data-driven decision-making is the practice of using facts, metrics, and data to guide strategic business decisions.
From optimizing cultivation processes to enhancing marketing strategies, the ability to analyze and act on data can make the difference between thriving and struggling in this dynamic cannabis space. By leveraging data, cannabis operators can gain actionable insights, reduce costs, improve yields, ensure compliance, and ultimately achieve a competitive edge.
Benefits of Data-driven Decision Making
Cannabis cultivation is a complex process influenced by numerous variables. By using data analytics, producers can monitor these variables in real-time, identify trends, and make adjustments to maximize yield and quality.
Cannabis is a resource-intensive product. Data-driven strategies help identify inefficiencies and optimize resource allocation. This ensures that resources are used as effectively as possible and reduces waste. These measures not only decrease operational expenses but also support sustainability initiatives—an important consideration for environmentally conscious consumers.
Compliance requires meticulous record-keeping and traceability throughout the supply chain. Data-driven systems that leverage information to demonstrate adherence to quality and safety standards enhance credibility with regulators and customers alike. Moreover, predictive analytics can help identify potential risks, enabling proactive measures to mitigate them.
As the cannabis industry matures, innovation is key to staying ahead of competitors. Data-driven insights can empower you to experiment with new cultivation techniques, product formulations, and market strategies. By staying informed and agile, you can seize opportunities and respond effectively to market shifts.
With narrow profit margins and significant operational costs, data-driven decision-making can also support financial sustainability. Data analytics can provide insights into cost drivers, helping you identify areas where they can reduce expenses or increase efficiency. Analyzing labor costs and production timelines might highlight opportunities to streamline operations, while inventory data can ensure that stock levels align with demand, reducing the risk of overproduction or stockouts.
AirMed & Your Data
AirMed has always gone beyond other systems by tracking and reporting thousands of fields of data.
Dozens of reports come standard with AirMed, but we also offer an optional report designer to create unlimited custom reports with access to every field of data in the system. You can select individual fields to include in a report and add options to manage master-detail relationships, cross-tab reports, table and vertical reports, and filter options.
And our optional business intelligence (BI) designer provides pre-designed dashboard widgets that offer the best data visualization option for you. You can create insightful and information-rich decision support systems by simply selecting the appropriate UI widget: Chart, Pivot Table, Data Card, Gauge, TreeMap, Map, Grid, or simple Filter elements. By dropping data fields, results are immediate, accurate and always relevant.
For those who wish to edit or create new widgets, the BI Dashboard is engineered to let you spend more time on business and less on UI customization. Whether it’s manipulation of individual chart series, specifying a pivot table’s dimensions or connecting UI elements to fields across different data-sources or data providers, the BI Dashboard designer is built to make your experience a productive one.
Conclusion
Incorporating data-driven decision-making provides the ability to collect, analyze, and act on data to optimize processes, improve product quality, reduce costs, ensure compliance, and remain competitive. AirMed has been designed to help you embrace a data-driven approach.
For more information visit our Software page.
Report: Global Cannabis 2024-2028
The Global Cannabis Report: 5th Edition delivers a thorough analysis and insight into the world’s key cannabis markets, organised by region. This edition explores the global evolution of cannabis markets and examines possible future developments on the international stage. Additionally, it highlights the most notable and relevant trends in the industry, offering regional insights, market sizing data and analyses, and exclusive interviews with cannabis industry experts from around the world.
This report is produced by Prohibition Partners, which provides specialist information, data analytics and digital commerce solutions to the B2B cannabis industry.
For more information and to download the ‘Lite” version of the report for free, visit:
https://prohibitionpartners.com/reports/the-global-cannabis-report-5th-edition/
SPARK BC Conference: March 5, 2025 in Vancouver
SPARK 2025 is hosted by the Alliance of Beverage Licensees (ABLE BC), the voice of British Columbia’s bars, pubs, and private liquor and cannabis stores.
An electric convergence of industry leaders in cannabis and liquor retail make this event your chance to fuel innovation, share expertise, and drive growth in your operations.
Covering a wide range of topics including advocacy, community safety, staff retention, service excellence, growth, regulations, and more, this is your comprehensive resource for innovation and connection.
With carefully designed sessions and engaging speakers, SPARK 2025 will give you the tools to accelerate your business operations in the private liquor & cannabis industries.
Join ABLE BC on Wednesday, March 5, 2025, at the Sheraton Vancouver Wall Centre for BC’s premier liquor & cannabis conference.
For more information on the conference visit: https://www.bchotelandliquorconference.com/
For more information on the Alliance of Beverage Licensees, a non-profit organization funded by membership dues, our mission is to help your liquor or cannabis business succeed, visit: https://ablebc.ca/
10 Ways to Increase Cannabis Profits in 2025
High taxes, market saturation, and increased competition are cutting into profit margins for cannabis producers in Canada. In some areas, oversupply has driven prices down, affecting profitability for both growers and retailers.
With so many challenges complicating efforts for legitimate businesses to thrive, what can cannabis producers do to increase profits? We’ve compiled 10 strategies to help you cultivate success in the upcoming new year.
1. Diversify Product Selection: Broadening your offerings to include edibles, topicals, oils, and tinctures can create a wider customer base.
2. Target Niche Markets: Focusing on specific demographics or consumer needs, such as organic or medical cannabis, can establish a unique selling proposition.
3. Expand Distribution Channels: Export markets can offer new channels for Canadian cannabis, but be aware that meeting compliance in other regions can be costly. There are, however, alternatives. Selling to GMP-compliant organizations is one. Another is boosting your reach in Canada by partnering with retailers or large distributors and by selling online through direct delivery programmes.
4. Educate Consumers: Providing educational materials about product benefits and applications can strengthen customer engagement and drive sales.
5. Enhance Quality Control: Establishing high-quality cultivation practices can lead to superior products allowing for premium pricing and inspiring customer loyalty.
6. Optimize Processes: Creating formulas for cultivation or manufacturing by developing repeatable plans, templates, and recipes can ensure success again and again and trim waste.
7. Operate Efficiently: Streamlining through automation, standard operating procedures and improved resource management can reduce costs and increase output.
8. Minimize Risks: Active prevention through workforce management, approval workflows, and incident tracking lowers expenditures resulting from errors and damages.
9. Systemize Compliance: Having a system in place to administer compliance and stay ahead of regulatory changes can protect profits.
10. Improve Decision Making: Utilizing business intelligence and data analytics to track operations and consumer trends can help you make better decisions toward future success.
By implementing these strategies, cannabis producers can position themselves for greater financial success in a competitive market.
For information on the many ways AirMed can help you improve profitability, click the Request Demo button at the top of the page and a team member will be in touch. In the meantime, visit our Software page.
International Medical Cannabis Conference: Feb 13-14, 2025 in Bern Switzerland
IMCCB-25 aspires to bring together a diverse assembly of leading researchers, clinicians, industry professionals, and other experts and opinion leaders from around the world.
The conference will cover a broad spectrum of topics, including basic and clinical methodologies, safety, analytics, pharmaceutics, regulatory and legal considerations, pharmacological insights, and technological advancements. Emphasis is on practical implications for patients, researchers, medical persons, and industry leaders alike. Additional topics include palliative care, women medicine, psychiatry and geriatric diseases, niche indications as well as non-medical cannabis use disorders.
IMCCB-25 seeks to inform participants about the latest evidence and concepts regarding cannabis- and cannabinoid-based therapies. It aims to assist prescribers in practically implementing best practices based on current research, expert opinions and therapy guidelines. Furthermore, the conference provides a unique platform for the exchange of ideas and practices in medical cannabis among professionals and patients, fostering innovative and engaging discussions.
IMCCB-25 will be held February 13-14, 2025 at the University of Bern, Switzerland. For more information visit: https://www.imccb.org/
Cannabis Industry Forecast for 2025
What’s in the cards for cannabis in 2025? We’ve rounded up some of the predictions.
A report from insurance brokerage Hub International states that “In a volatile marketplace, risk mitigation will separate success from failure.” The document contains results from HUB’s Executive Outlook Survey, which polled 900 C-Suite and VP-level executives on the issues facing them on profitability, employee vitality and organizational resilience. “Outlook 2025 Cannabis” discloses that 80% of Canadian cannabis companies identified rising costs as the biggest challenge to profitability, but only 65% feel prepared to address it. https://www.hubinternational.com/en-CA/insights/outlook/2025/cannabis/
BNN Bloomberg posted a video titled, “Challenges in Canada’s Cannabis Sector,” featuring an interview with Ben Kaplan, author of Catch A Fire: The Blaze and Bust of the Canadian Cannabis Industry. Kaplan, a Brooklyn-born and Toronto-based writer and editor and the founder of KIND Magazine distributed in Canada’s legal weed shops, claims the industry is currently “right-sizing”. https://www.bnnbloomberg.ca/video/shows/the-open/2024/12/24/challenges-in-canadas-cannabis-sector/
Ben Kaplan also penned an opinion piece for the Globe & Mail titled, “Forgotten in the cannabis crash is how the industry is a Canadian success story.” https://www.theglobeandmail.com/business/commentary/article-forgotten-in-the-cannabis-crash-is-how-the-industry-is-a-canadian/
Investing News Network published “Cannabis Market Forecast: Top Trends That Will Affect Cannabis in 2025.” While mostly focused on the U.S. market, the article mentions Canada. Overall, INN predicts that “2025 could be a year of transformation for the cannabis industry.” https://investingnews.com/cannabis-forecast/
For general and breaking news on the Canadian cannabis industry, visit one of the sites below.
Cannabis in Canada Review for 2024
There’s something about the end of one year and the beginning of another that makes people want to look back as they leap forward. End-of-year recaps are common in the news. But when we looked, we found many covering the U.S. cannabis industry and the process of decriminalization. But there were almost none about Canada. So we turned to ChatGPT, a type of artificial intelligence trained on large amounts of text data that uses an algorithm called a transformer to generate text. After scouring the Internet, ChatGPT came up with the following key developments for the Canadian cannabis industry in 2024.
Maturing Legal Market
The legal cannabis industry in Canada is entering its fifth year since the nationwide legalization in 2018. While the initial enthusiasm has settled, the market is now focusing on consolidation, innovation, and consumer education. Cannabis sales remain strong, but growth rates have slowed compared to the initial years. There is now a greater emphasis on quality and differentiation rather than simply expanding the market.
Industry Challenges
Despite initial optimism, the cannabis industry faces significant challenges:
- Profitability Issues: Many cannabis companies continue to struggle with profitability due to oversupply, high taxation, and competition from the illegal market. Prices have come down, but not always enough to outcompete illicit operators.
- Regulatory Hurdles: Companies are still navigating complex regulations, particularly around packaging, labeling, and marketing. The government has been slow to adjust some of these regulations to allow for more dynamic industry growth, such as expanding retail hours or reducing restrictive rules for cannabis advertising.
- High Taxes and Licensing Fees: The federal and provincial governments have kept taxes high on cannabis, which has affected margins for producers and retailers.
Expanding Product Offerings
In 2024, cannabis companies have expanded their product offerings, with a continued shift towards innovative products beyond dried flower, including:
- Edibles and Beverages: Cannabis-infused beverages and edibles have gained significant traction, providing a more discreet and enjoyable consumption method. These products are now a larger portion of the legal cannabis market.
- Vapes and Concentrates: Vaping continues to be popular among cannabis consumers, though it faces some regulatory scrutiny due to health concerns. Concentrates, like hash and distillates, are also on the rise.
- Medical Cannabis: Medical cannabis is still a crucial market, with more people accessing it for health-related reasons. New research and trials have also driven more interest in medical products, particularly those with a focus on CBD.
Consumer Trends
Consumer preferences have become more sophisticated. In 2024, Canadian cannabis consumers are looking for quality, consistency, and variety. This includes an increased demand for:
- Sustainable and Organic Products: Consumers are increasingly seeking environmentally friendly cannabis options, pushing producers to adopt sustainable farming practices.
- Microdosing: With more people seeking subtle, controlled experiences, microdosing has become a prominent trend, especially in edibles and tinctures.
- Brand Loyalty: As the market matures, consumer brand loyalty is becoming more pronounced, with established companies gaining recognition for their quality and reliability.
Legal Developments
The Canadian government continues to tweak the legal framework around cannabis in 2024. Several provinces are exploring the possibility of relaxing some restrictions:
- Expansion of Retail Stores: While Ontario leads in retail outlets, provinces like British Columbia and Alberta are increasing their number of licensed dispensaries, making cannabis more accessible to consumers.
- Home Cultivation Rules: Discussions around expanding personal cultivation rights are ongoing, with some provinces exploring allowing more plants to be grown for personal use, while others remain restrictive.
- International Market Opportunities: As Canada’s domestic market stabilizes, there’s growing attention on international markets for cannabis exports. Canadian companies are positioning themselves to benefit from the global cannabis boom, especially in Europe and emerging markets.
Social and Cultural Changes
Cannabis is now more ingrained in Canadian culture than ever. Public attitudes have become more accepting, especially regarding medical and wellness use. However, some societal issues remain:
- Concerns about Youth Access: Despite strict age restrictions, there are concerns about the accessibility of cannabis to minors, particularly through online sales or in neighborhoods with high retail density.
- Workplace Policies: As cannabis becomes more mainstream, workplaces are adapting to accommodate employees who consume cannabis. Employers are grappling with issues surrounding cannabis use, workplace safety, and testing.
The Black Market’s Continued Impact
The illicit cannabis market remains a significant challenge. Although legalization has greatly reduced illegal cannabis sales, the black market still exists, driven by lower prices, a wider selection of products, and a lack of trust in the legal system. Tackling the black market through regulation adjustments and lowering taxes is seen as a key area for future policy development.
Conclusion
Overall, the cannabis industry in Canada in 2024 is in a phase of refinement. While there are still challenges like profitability, regulatory barriers, and competition from the illicit market, the industry is maturing and diversifying its offerings. Consumer trends are shifting towards quality, sustainability, and innovation, while legal and regulatory adjustments are set to shape the market in the coming years. As Canada’s cannabis market continues to stabilize, the industry is positioning itself for long-term growth, both domestically and internationally.
Thanks ChatGPT! Content courtesy of https://chatgpt.com/.
If you are looking for media reviews of the cannabis industry that include some information on Canada, please click the links below:
https://www.reuters.com/legal/litigation/cannabis-2024-year-review-2024-11-13/
https://investingnews.com/daily/cannabis-investing/cannabis-market-update/
Happy New Year!
As we enter our second decade in business, we can’t help but look back on our industry’s history. Cannabis in Canada has certainly had its ups and downs, and we at AirMed have watched it from the inside, as have many of you. And as we welcome another new year, we do so with renewed commitment to Canada’s cannabis industry, to our partners and especially to our clients. May the New Year bring fresh insights, renewed energy, and exciting opportunities to you and to us.
We wish you a year filled with boundless opportunities, achievements and growth. Cheers to moving forward with positivity and purpose in 2025. From all of us at AirMed, Happy New Year!
Season’s Greetings to Our Clients & Partners
As we close out our first decade in business, we’d like to take this opportunity to thank all our clients and industry partners for their support. You’re the reason we strive for innovation & excellence, and we’re grateful for the trust you’ve placed in us. Our goal for the past 10 years has been to build strong, lasting relationships that benefit both your business and ours. Together we can achieve great things. We look forward to working with you in the coming year. Here’s to a joyous holiday season and a prosperous 2025!
All the best from the team at AirMed.
Inventory Ledgers: Adjustments & Corrections
We recently announced the introduction of Inventory Ledgers in AirMed 5. This new functionality was designed to streamline your inventory management and recordkeeping. In this post we go into more details about the adjustments and corrections features in our inventory ledgers.
In the event of data entry errors, inventory ledgers make it easy to adjust weights and counts to resolve discrepancies. AirMed ensures that backdated adjustments are logically aligned with all prior and subsequent records. The ledger prevents negative balances by automatically validating that backdated weights or quantities are consistent with subsequent records.
Whether you are making a correction immediately or at a later date, AirMed offers multiple correction tools. Previously found in the Actions Menu, these options are now located in the ‘Admin Actions’ section, visible only to users with supervisor-level access.
For example, if you create a new inventory item with an incorrect date, you can amend the creation date based on the date of the parent record. All changes are logged in both the affected item’s ledger and the parent record ledger.
Additionally, new options are available to delete incorrect records or merge materials back into their original source when appropriate.
Adjustments that affect inventory levels are clearly categorized in monthly compliance reports.
While mistakes are inevitable, you can leverage AirMed’s technology to get you back on track.
We designed our new inventory ledgers to empower you to correct errors and ensure that your records accurately reflect your physical inventory. For more information about AirMed 5 visit our Software page.
Inventory Ledgers: Intelligent Backdating
We recently announced the introduction of Inventory Ledgers in AirMed 5. In this post we go into more details about the intelligent backdating feature in our inventory ledgers.
Our intelligent record backdating ensures that any quantity or weight you enter will not lead to discrepancies in subsequent records. When backdating an adjustment, AirMed checks that it aligns logically with all successive records.
For instance, if you need to log waste for a source material, our safeguards won’t let you accidentally backdate a record to a date that is before the source material was created. You can only enter a date that is after the date the source material was created.
If an inventory item is created with the wrong date, admin tools can be used to adjust the creation date to match the creation of the parent record (e.g., adjusting a lot’s creation date to align with the date of the harvest). All changes are logged in both the affected item’s ledger and the parent record’s ledger.
If a backdated action impacts monthly compliance reporting, AirMed will automatically generate an incident within our built-in Quality Management System (QMS). Supervisors can then investigate and resolve the incident, document the findings, and track it through a severity assessment and impact evaluation.
Having an efficient way of tracking and resolving discrepancies not only helps you meet compliance but also saves you time and money.
Intelligent backdating lets you reconcile your data with your physical inventory while satisfying your regulatory obligations. For more information about AirMed 5 visit our Software page.
Inventory Ledgers: Tracking
We recently announced the introduction of Inventory Ledgers in AirMed 5. This new functionality was designed to streamline your inventory management and recordkeeping.
The ledger lets you track actions performed on an inventory item. These actions are referred to as transactions in the ledger. You use the ledger as a perpetual register that records each transaction for an inventory item.
To use the ledger for a batch, for example, open the Batch Details screen and look for the Ledger tab. The tab shows a table that you use to record individual transactions related to that batch.
Each row offers fields for the date that the transaction took place along with the date the transaction was recorded in case they are different. There are also fields for the type of action that occurred, the user who performed the action and weights or counts added or removed during the action. The final column provides icons to visibly indicate adjustments or corrections to the batch. You can re-order the columns in the table by dragging.
The benefits of inventory ledgers are seen in both operational efficiency and compliance. Not only do they let you monitor the progress of a batch or lot, but tracked actions can be used to create a template for future production. During an audit, the ledger serves as a detailed register about each item, which can be used to validate processes and verify physical inventory.
Our inventory ledgers are designed to help you optimize your operations and ultimately enhance profitability. For more information about AirMed 5 visit our Software page.