POSTED ON June 18, 2021
While most provinces require 1 document, Ontario requires 6 that all match up with each other. It’s important for cannabis retailers in Ontario to be aware of what the requirements are and the hiccups they may encounter on the way. Being prepared could be the difference between spending 1 hour or 10+ hours every month.
for Ontario include:
The AGCO federal compliance report is similar to what the AGLC in Alberta requires for their jurisdiction – a line-by-line breakdown of individual cannabis SKUs provided by the wholesaler. Inventory change reasons are divided into “Quantity additions” and “Quantity reductions”, all of which your POS should track.
The OCS sales report is a unique report by the province to assess sales of every cannabis product on a day-by-day basis. This is one of the most difficult reports to work with logistically, as the number of rows explodes with your product count – for example, with just 150 active SKUs, you’re looking at a row count of 30 * 150 = 4500. It’s important that your POS can generate these reports for you to save the time in compiling this data yourself.
When you inevitably encounter inventory discrepancies, the AGCO asks that you report them on a weekly basis. In your POS, look for a feature that can help you audit (count) inventory. The difference between your “counted” and “expected” values will be the discrepancy.
We’ve heard first-hand from stores on generic POS systems the difficulties of getting these reports right every month. Even when a cannabis POS provides what we call “one-click compliance reports”, they often don’t support managers for the messy mistakes that are bound to happen. Greenline POS was built to handle the realities of in-store operations, which includes:
As regulations change and evolve, Greenline is always on top of adapting our software to reflect these changes.
Greenline features full one-click reporting for your compliance needs.
To learn more about how Greenline can help your Ontario cannabis retail store, as well as for other provinces, please schedule a demo with our team.