Cannabiz Media’s new research report – Cannabis Software Stack – has been published and provides critical insights about seed-to-sale and point-of-sale software license opportunities (i.e., a state’s potential addressable market) in 2020.
The Cannabis Software Stack Executive Summary is available for free download now.
Who is the Cannabis Software Stack Report For?
The Cannabis Software Stack report will be useful for a variety of stakeholders in the cannabis industry, including but certainly not limited to:
- Regulators: The report provides insight into the size and scope of the software landscape and details about companies regulators may be working with.
- Existing Software Vendors: Software providers can get competitive and business intelligence from the report as well as information to help find future partners and acquisition candidates.
- Investors: The report offers a roster of potential acquisitions or partners for investors’ portfolio companies.
- Existing Cannabis License Holders: Licensees can access information in the report to gauge the footprint of software vendors in order to make critical business decisions.
In addition, Cannabiz Media will use the data collected through its research to build its vendor directory and the Cannabiz Media License Database even further, which will provide deeper insights and opportunities for our subscribers as well as offer a reliable way for license holders to learn who among their peers is using these software products and services.
What’s in the Report?
To analyze the cannabis software stack today, the Cannabiz Media team began by identifying each state regulator’s choice for seed-to-sale contractors and then researched the 332 companies we found connected to the seed-to-sale ecosystem.
We also categorized each software provider based on the sector they belong in. The methodology behind this categorization system is explained in detail in the report. Our research team identified four software sectors:
- Back Office: 95 providers
- Activity: 68 providers
- Transactional: 31 providers
- Advisory: 60 providers
Using the available data compiled by our research team, we developed a Cannabis Software Stack Market Map shown in the image below.
Key Report Highlights
Some of the data highlights that the Cannabiz Media team uncovered through its cannabis software research include:
- There are currently five companies with state seed-to-sale contracts: METRC, Akerna/Leaf Data Systems, Biotrack Helix, Kind Agrisoft, and BioMauris.
- 332 unique companies connect to METRC or Leaf Data Services in Washington, and collectively, they’re responsible for 949 connections, which accounts for 16,716 active licenses.
- 14 states use METRC.
- The 95 companies in the Back Office sector make 419 connections to 15 states with 81% of them connecting in California.
- The 28 active companies in the Transactional sector, make 56 connections to 12 states with 50% connecting in California.
- The 68 companies in the Activity sector make 226 connections to 15 states with 71% connecting in California.
- The 60 companies in the Advisory sector make 116 connections to 15 states with 50% connecting in California.
- Nearly half of software vendors (48%) are based in California (34%) and Colorado (13%).
Learn More in the Cannabis Software Stack Report
Download the free Executive Summary for more details from the Cannabis Software Stack report, and if you’re a Cannabiz Media License Database, contact us at email@example.com to request the full report with all of the data, charts, findings, and conclusions.
Don’t forget! All of the license data included in the research report (and much more) is available in the Cannabiz Media License Database. Schedule a free demo to see how it can help your business reach its goals.
Ed Keating is a co-founder and Chief Data Officer of Cannabiz Media and oversees our data research and government relations efforts. He has spent his whole career working with and advising information companies in the compliance space. Ed has overseen complex multijurisdictional product lines in the securities, corporate, UCC, safety, environmental and human resource markets and focuses on workflow products over the last twenty five years. During that time he has worked for both startup and established information companies where he has led marketing, product management and sales organizations. These companies include Wolters Kluwer/Commerce Clearing House, CT Corporation, EDGAR Online and Business & Legal Reports. At Cannabiz Media Ed enjoys the challenge of working with regulators across the globe as he and his team gather corporate, financial, and license information to track the people, products and businesses in the cannabis economy. Ed graduated from Hamilton College and received his MBA from the Kellogg School at Northwestern University.