Cannabis refers to a group of three different plants with psychoactive benefits known as marijuana, cannabis ruderalis, and Indian hemp. The harvested and dried flowers of these plants are the most common drugs across the world. Some call it marijuana, while others say it is weed. Weed is the most widely used name as commercialization of weed is legalized in some areas. Nowadays, the majority of people are using the term cannabis for weed. However, it is consumed for its calming, relaxing, and other medicinal benefits. Cannabis ERP software solutions help cannabis businesses efficiently manage and track their inventory starting from the first stage to the end-stage.
The surging demand for cannabis due to its medical uses is likely to steer the growth of the global cannabis ERP software market. Cannabis is widely used to cure inflammatory bowel diseases, Huntington’s disease, HIV/AIDS, glaucoma, and cancer. The cannabis software solution offers tools for maintaining legal compliance, which in turn is likely to further complement the growth of the market. Such software monitors the lifecycle of cannabis products from the first to the last stage and thereby facilitates important tools vital for tracking. The management of the cannabis business supply chain and distribution is complex, and thereby such software are important for the rapid expansion of the businesses globally.
The global cannabis ERP software market can be segmented into application, technology, and region.
By application, the market can be segmented into the industry, agriculture, medical, and others.
By technology, the market can be segmented into cannabis seed to sale software, cannabis retail POS software, and others.
North America accounts for the largest share in the global cannabis ERP software market due to the growing use of cannabis in the healthcare sector. Furthermore, the growing concerns regarding legal compliance of cannabis are further accentuating the demand for ERP software solutions in the region.
Asia Pacific is likely to grow exponentially during the forecast period due to the fast proliferating healthcare sector in the region, along with the growing awareness among people regarding its health benefits.
Some of the significant players in the global cannabis ERP software market are Trellis, DEACOM, QuantumLeaf, SYSPRO, Leaf Logix, ERPCannabis, Silver Leaf, ROAR, Viridian Sciences, MaxQ Cannabis, WeedWare, SAP, OSAS, and 365 Cannabis. To cite, Akerna, a leading compliance technology provider, an enterprise software, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology, will acquire 365 Cannabis, a cannabis business management software system built on Microsoft’s Dynamics.
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