Glossary
Medical
Cannabis sold to registered patients, caregivers or reciprocal-card holders under a state medical program. Often tax-exempt or tax-reduced at the register; since April 2026 federally Schedule III and outside 280E when state-licensed.
Why it matters for reconciliation: medical and adult-use tickets carry different class codes on the state receipt, so a ticket in the wrong class produces a total that does not match it. Costs and inventory records need the same split, so each can be traced to the class it supplied.
Example: a patient buys at a dual-license store and the ticket is rung under the medical class. The receipt sent to the state system carries that class, and in New Mexico the sale is reported separately for gross receipts. A mismatch on the tax fields usually means the ticket was rung under the wrong class.
Where this comes up on budally.com
- Metrc in California: what a dispensary has to report, reconcile and keep — the operations view
- Metrc in Michigan: what a dispensary has to report, reconcile and keep — the operations view
- NMS2S explained: New Mexico's seed-to-sale system, what its API does, and what your store still has to do by hand
- NMS2S reconciliation: matching your POS to New Mexico's state system every day and every month
- NMS2S vs BioTrack vs Metrc: what changed for New Mexico operators
- Best cannabis POS software 2026: which system fits which operator, and how we compared them
- Flowhub alternatives 2026: what to weigh before you leave Flowhub, and who to look at
- Loyalty & wallet
Related terms
- Adult-use (AU)
Cannabis sold to consumers 21+ under a state's recreational program, as opposed to medical sales to registered patients. Tax treatment, purchase limits and (since April 2026) federal 280E treatment differ by license type.
- Dual-license
An operator holding both medical and adult-use licenses at a premises. Since April 2026, federal guidance asks dual-license operators to separate medical and adult-use activity in operations and recordkeeping.
- Schedule III
The federal controlled-substance schedule that FDA-approved marijuana products and state-licensed medical marijuana were moved to on April 22–23, 2026, removing qualifying medical activity from 280E. Adult-use remains Schedule I.