Inventory Management Flashcards
7 cards from real METRC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Inventory Management flashcards as text
Which METRC report would a compliance officer use to verify that all packages transferred out of a facility were received by the destination licensee?
Answer: Outgoing Transfer Report with receipt confirmation
The Outgoing Transfer Report shows all packages transferred out and can be filtered to show receipt status, confirming whether the destination licensee accepted each package.
Under METRC's track-and-trace requirements, how long must a licensee retain records associated with a package after it is finished or destroyed?
Answer: 3 years
Most state cannabis regulations that use METRC require licensees to retain records for a minimum of 3 years, though this may vary by jurisdiction.
A cultivator reports a theft of 2 pounds of cannabis. In METRC, which action is required to accurately reflect the inventory reduction?
Answer: Adjust the package quantity down using an administrative adjustment with 'theft' as the reason
METRC allows licensees to record inventory reductions due to theft using the package adjustment feature, selecting the appropriate reason code such as 'theft' or 'loss.'
What is the significance of a package's 'unit of measure' (UOM) in METRC?
Answer: It defines how the package quantity is expressed and tracked throughout its lifecycle
The unit of measure in METRC defines how a package's quantity is recorded and reported, such as grams, ounces, or each, and must remain consistent throughout the package's lifecycle.
A METRC package shows a lab test result of 'failed.' What action is typically required for that package?
Answer: The package must be remediated, re-tested, or destroyed per state regulations
A failed lab test result typically requires the licensee to either remediate and retest the product, or destroy it in accordance with state regulations — it cannot be sold in its failed state.
In METRC, what is an 'item' and how does it relate to packages?
Answer: An item is a defined product template (name, category, UOM) that packages are created from
In METRC, an item is a pre-configured product definition (including name, category, and unit of measure) that serves as the template when creating packages.
When a licensee performs a physical inventory count and finds a discrepancy of more than the allowable variance threshold, what must they do in METRC?
Answer: Record an inventory adjustment with an explanation and notify the regulator if required by state law
Material inventory discrepancies must be reconciled in METRC using the adjustment function with a documented explanation, and may require regulatory notification depending on state rules.