{"id":6065,"date":"2016-05-21T03:47:18","date_gmt":"2016-05-21T03:47:18","guid":{"rendered":"http:\/\/www.marijuana.com\/?p=51646"},"modified":"2016-05-21T03:47:18","modified_gmt":"2016-05-21T03:47:18","slug":"the-innovative-api-powering-retail-marijuana","status":"publish","type":"post","link":"https:\/\/cannitrol.com\/blog\/the-innovative-api-powering-retail-marijuana\/","title":{"rendered":"The Innovative API Powering Retail Marijuana"},"content":{"rendered":"<div id=\"wp_fb_like_button\" style=\"margin:5px 0 5px 5px;float:right;height:100px;\"><script src=\"http:\/\/connect.facebook.net\/en_US\/all.js#xfbml=1\"><\/script><fb:like href=\"https:\/\/cannitrol.com\/blog\/the-innovative-api-powering-retail-marijuana\/\" send=\"true\" layout=\"standard\" width=\"450\" show_faces=\"false\" font=\"arial\" action=\"like\" colorscheme=\"light\"><\/fb:like><\/div><p><strong><em>Automation takes some of the complexity out of retail marijuana<\/em><\/strong><\/p>\n<p>In an industry with traditionally high profit margins and ample demand, it is surprising that only 41% of medical dispensaries and retail stores have been performing \u201c<a href=\"http:\/\/www.marijuana.com\/blog\/news\/2016\/05\/going-green-not-all-marijuana-business-models-are-equal\/\">Modestly Profitable<\/a>\u201d or better through Q1. Clearly there are underlying issues and logistics that the current marketplace has been unable to address adequately .<\/p>\n<p>Today\u2019s retail marijuana business owner faces a unique set of challenging hurdles. \u201cCannabis technology is fragmented by region and the diverse needs of each business, and is further complicated by the explosive growth of the market,\u201d said Doug Francis, CEO of <a href=\"http:\/\/weedmaps.com\">Weedmaps<\/a>. Traceability compliance, inventory control, cash management, sales limits, and legitimate operation within a consistently evolving set of regionalized rules and regulations can be time consuming hurdles that hinder\u00a0strategic business planning and growth.<\/p>\n<p>These hurdles do more than cause headaches and sleepless nights; they aggressively erode profits in this retail-driven industry that\u2019s on track to hit <a href=\"http:\/\/fortune.com\/2016\/02\/01\/marijuana-sales-legal\/\">$6.7 billion<\/a> in revenues this year. Weedmaps,\u00a0the first and largest global technology and media company in the cannabis space, is working to ease these pain points through a new partnership with cannabis technology company\u00a0Green Bits, a leader in point-of-sale (POS) and inventory management solutions.<\/p>\n<p>The partnership will solve real business problems by delivering technology solutions aimed at helping dispensary owners streamline their operations while maintaining compliance and delivering reliable, real-time menu information to patients and consumers.\u00a0No longer burdened with duplicate data entry and seemingly endless operational minutia, business owners will now be free to invest their valuable time and effort in strategically growing their business and increasing profits.<\/p>\n<p>This innovative technology integration will:<\/p>\n<ul>\n<li>Enable every menu update \u2013 from inventory, price, weights, lab testing,\u00a0etc. \u2013 within the\u00a0Green Bits\u00a0POS to automatically\u00a0update\u00a0Weedmaps\u00a0apps and website in real time<\/li>\n<li>Arm Weedmaps\u2019 customers with the most reliable, up-to-date menu and pricing information available prior to arriving at a dispensary<\/li>\n<li>Reduce the number of hours spent by dispensary owners and staff updating menus<\/li>\n<\/ul>\n<p>\u201cThis partnership delivers untouchable technology solutions that will improve bottom-lines for dispensary owners,\u201d said Ben Curren, Green Bits founder and CEO. \u201cWe\u2019re proud to partner with a market leader and innovator like Weedmaps, and we look forward to exploring even more ways to address the cannabis industry\u2019s ongoing technology needs.\u201d<\/p>\n<p>For more information on Weedmaps&#8217; partnership with Green Bits, please visit\u00a0<a href=\"https:\/\/weedmaps.com\/greenbits\">Weedmaps.com\/GreenBits<\/a><\/p>\n<p> Thanks to marijuana.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Automation takes some of the complexity out of retail marijuana In an industry with traditionally high profit margins and ample demand, it is surprising that only 41% of medical dispensaries and retail stores have been performing \u201cModestly Profitable\u201d or better through Q1. Clearly there are underlying issues and logistics that the current marketplace has been [&#8230;] Thanks to marijuana.com<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5062,52,251,5706,5707,2437,9,70,5708,1,3,5219,61,5530],"tags":[5063,2632,2829,5709,5710,2443,5,5711,5234,6,5538],"_links":{"self":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/6065"}],"collection":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/comments?post=6065"}],"version-history":[{"count":0,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/6065\/revisions"}],"wp:attachment":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/media?parent=6065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/categories?post=6065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/tags?post=6065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}