March Networks, a global provider of intelligent IP video solutions, and Kind Financial, a leader in cannabis compliance technology, have partnered to create a tracking and security solution to help the cannabis industry ensure seed-to-sale compliance.
The solution combines video from high-resolution IP cameras with data from RFID-tagged plants and packages, enabling operators to seamlessly track and visually verify inventory as it moves within cultivation and on to dispensaries, according to the company.
Licensed growers, producers and retailers can utilize the March Networks Searchlight for Retail data analytics platform to run searches on a wide range of data contained in the RFID tags, including a plant’s ID code and its last detected location.
Users can access the associated video footage to see exactly where an item went and who was involved should inventory ever go missing.
The Searchlight solution also provides producers and dispensaries with real-time and historical views into their operations via a mobile device or workstation, enabling them to conduct remote audits and identify areas for improvement.
Offering video analytics and point-of-sale (POS) transaction integration presented in customizable reports, dispensary owners can detect and review suspect transactions, analyze performance trends, improve customer service and gain other business insights.
The solution is well-suited for the cannabis industry, where regulations such as Colorado’s HB 1284 legislation — commonly known as the seed-to-sale law — have seen many businesses deploying RFID technology to help ensure compliance with strict mandates governing the tracking of plants from cultivation to sale, according to March Networks.
It also provides an additional layer of visual verification linked to RFID data as part of Kind Financial’s end-to-end plant tracking and management platform.
“Kind is excited to be working with March Networks to extend these integrated and customized tools to the industry. This new partner solution will transport you to your location, hand you organized data, and point you to important events. In addition, the automation of manufacturing and supply chain processes will bring efficiencies and cost savings to clients while providing peace of mind that manual data entry issues are no longer possible,” says Dan Stofka, executive vice president of engineering and software, Kind Financial.