As several states legalise the production and sale of Cannabis at least two ERP vendors are looking to take advantage. Deacom has announced Seed-to-Sale functionality for the industry. It has also announced Canadian based TerrAscend has selected its ERP solution.
The North American Cannabis legal market is growing rapidly. More than 60% of the US population has access to legalised cannabis both for use and sales. Arcview Market research estimates that a market worth $6.7 billion in 2016 will be worth $24.5 billion by 2021. This is an annual growth rate of 28%. As companies are founded, expand and mature they need software to support them. Both Deacom and ProcessPro have modified their software to take advantage of this growing market.
TerrAscend selects Deacom
TerrAscend is a biopharmaceutical and wellness company that provides products and services for the global cannabis marketplace. Based in Canada it produces medical Cannabis products. It is also constructing a drug preparation premises that will launch operations this year. The company went public in 2017 and raised $52.5 million in funding.
Experiencing rapid growth, it needed to implement a software solution that would support its operational processes. It selected Deacom ERP as it provided a breadth of integrated functionality for order entry, R&D, warehousing, or customer service.
Sam Wong, Director of Information Technology at TerrAscend commented: “Our industry is extremely unique, so it was important that we selected an ERP provider that not only provided an all-in-one platform tailored to businesses like ours, but one that truly understands our needs and requirements. … By operating all aspects of the business under one piece of flexible software, we can dive deep into every aspect of our business while maintaining full control over our operations and progress.
“Deacom’s structure eliminates the potential of disconnected processes, so the entire company can act as a single unit and scale aggressively without sacrificing quality.”