Advanced software designed for the cannabis industry can automate reports to maintain compliance with regulations.
Automation can also keep cannabis business operations running smoothly and provide a seamless online customer experience.
Pyrotree Inc, a Los Angeles-based cannabis software company, provides an all-in-one service called WebJoint that operators can use to generate data on point of sale, inventory, distribution and more for required reporting to government agencies.
WebJoint recently announced closing a $1.5 million funding round led by RedTape Ventures. Since 2014, WebJoint has grown to nearly 200 retail clients, and is the only cannabis compliance software with an integrated website builder & eCommerce platform.
Dispensaries that use integrated technology to provide better service have an advantage, whether they’re using their website to alert patients about what’s in stock, or to manage delivery services and track a driver’s location at a given time.
WebJoint is poised to be a leading provider to businesses compliant with all city and state laws moving forward, according to a release.
Pyrotree Inc co-founders Christopher Dell’Olio and Hilart Abrahamian made a stir this year as 22-year-old entrepreneurs by raising millions for their company. They talked to Cashinbis about their all-in-one software, and plans for 2018.
How does WebJoint cannabis business software help dispensary operators manage compliance?
Dell’Olio: The need for compliance in Colorado and Nevada means getting down to the metric. What cannabis they’re harvesting, how much, where the product is going – is it going to an edible manufacturer? How many edibles are produced from it? It will be hard for anyone not familiar with regulations.
With our service, the state will be able to track where the product came from, and we can automatically report to the state so operators don’t have to worry about compliance reporting.
In California, everyone has a different way of doing things, but the state is implementing a standard way of operating for management and packaging. We give [dispensaries] the tools to manage their business, and a website as well. You need to have your own brand and website because the market is so saturated that you need to find a way to stay relevant moving forward.
For example with delivery services, you can use your website to dispatch orders and see where drivers are. We’re always looking to those kind of integrations.
Abrahamian: It’s important with delivery services to keep them compliant, and we’re one of the few services that has driver accounts. There are complications coming for delivery services with taxes, and with tax guidelines differing from city to city.
What’s attracting investors to WebJoint?
Abrahamian: It’s an all-in-one software – you can get your licenses set up, and then with WebJoint you don’t have to worry about what data you’re sending to the state.
Dell’Olio: We’re looking to work with investors who understand our vision. They understand the background of the industry and they’re ready to move forward.
What kind of features are dispensary operators requesting?
Dell’Olio: I’ve always had a passion for the cannabis industry since I was 18. Hilart and I started a web design company, and we had a dispensary in San Fernando valley telling us, “We need a website with inventory, point of sale, and patient information.” That’s when we started to realize there was a need for track and trace platforms.
Abrahamian: We were making websites using WordPress when we started. We didn’t know about track and trace or point of sale software. Business owners are asking to be able to sign patients up on the website, verify them, and let them place orders, but the software didn’t exist.
As we developed it, we took advice and criticism from clients – “Why can’t I manage my inventory?” The system is very comprehensive now, from point of sale to being able to generate financial reports.
What is the marketplace that you open up to WebJoint clients?
Abrahamian: With the marketplace, we’re finding the best products out there and featuring them in front of our customers.
Dell’Olio: We have three main categories: distribution and brands, integrations, and website themes. We have specialized WebJoint themes for websites and we’ve opened the gate for any designer to make WebJoint platform themes, sell their themes to dispensaries, and make commission.
What’s the story behind the spider in your logo?
Abrahamian: The spider in the logo is a play off “Web” in WebJoint and it represents that we’re the glue of the industry with our all-in-one software.
What’s ahead for 2018?
Dell’Olio: States that are growing rapidly will slow down once licensing cools off. I see other countries legalizing cannabis – three out of ten calls we’re getting now are from Canada. The seed-to-sale space is very populated. Software companies are getting hacked. Companies are trying to do it all and they’re messing it up, but we’re focusing on what we do best.
Abrahamian: For WebJoint, inventory management. We’re adding the ability to have inventory locations selected, like storage rooms.
Dell’Olio: We’re tracking inventory down to the gram – you can see how much a driver has on them and how much product came out in each location. It’s something the industry needs for delivery drivers.
Any plans to go global?
Dell’Olio: Our salesguy is talking to someone in the UK about how we can offer services. We have a global focus and we’re waiting to see what happens.