5 Cannabis Retail Loyalty Programs for Maximum Customer Retention
By Faai Steuer on January 30, 2020
It’s no secret that in business, it always costs less to keep an existing customer than to acquire a new one. For retailers, one of the best ways to improve customer retention and extend customer lifetime value to your company is with a loyalty program — and the same holds true for ca …
Next Steps for Missouri Medical Marijuana License Winners
By Faai Steuer on January 27, 2020
On Friday, January 24, Missouri’s Department of Health and Senior Services released the long-awaited list of medical marijuana dispensary license winners. The competition was stiff, with a total of 1,163 applications being submitted for a shot at one of only 192 total licenses. If you …
New Year, New Goals: Cova’s Cannabis Retail Time-Saving Features for 2020
By Faai Steuer on January 14, 2020
2020 is officially in full swing, and with the new year comes new goals. And for most cannabis retailers, finding new ways to simplify processes and save time is a top priority. As we all know, time is money, and what’s good for the efficiency of your operations is good for the bottom …
Cannabis Retail Year in Review: The Good, the Bad, and Everything In Between of 2019
By Faai Steuer on January 2, 2020
As we look ahead to the possibilities for cannabis retail in 2020, it’s a good time to reflect on all that’s happened over the past 12 months. That’s why today, we’re taking a look back on 2019’s industry highlights from across U.S. and Canadian markets — the good, the bad, and everyt …
How to Open a Cannabis Retail Store in Ontario: New Provincial Rules for 2020
By Faai Steuer on December 19, 2019
Despite being the most populous province in all of Canada, Ontario currently has one of the smallest cannabis retail footprints in the nation. But that could soon change following the Government of Ontario’s announcement that it will abandon the current lottery system in favor of an o …
7 New Year’s Resolutions for Cannabis Retail Business Success
By Faai Steuer on December 17, 2019
With just a couple of weeks remaining on the 2019 calendar, it’s time to start putting plans in place for 2020. And just as many people make New Year’s resolutions in their personal lives, it’s equally important to identify business goals — and resolve to take the actions necessary to …
10 Tips to Boost Your Dispensary’s Bottom Line During the Holidays
By Faai Steuer on December 6, 2019
It’s that season again — the season of major consumer spending and general retail frenzy known as the holidays.
Cannabis Edibles: A Guide to Product Equivalencies and Purchase Limits in Canada
By Faai Steuer on December 3, 2019
Following the recent launch of “Cannabis 2.0,” Canadian marijuana retailers are preparing to add edibles, extracts and topicals to their dispensary shelves — that is, once the 60-day review period imposed by Health Canada ends in mid-December.
Customer Story: A First-Round Ontario Cannabis Lottery Winner Shares His Struggle for Retail Success
By Faai Steuer on November 13, 2019
On the heels of Ontario’s second cannabis store lottery, 42 hopeful marijuana retailers are scrambling to complete their applications and open their doors as quickly as they can. And though the process for this second wave of licensing is rigorous, it pales in comparison to what the f …
Canadian Cannabis Retail Benchmarks After One Year of Sales
By Faai Steuer on November 8, 2019
On October 17, 2019, Canada celebrated the first anniversary of the federal legalization of recreational cannabis. And while total first-year retail sales didn’t quite reach the levels that some anticipated, the industry has slowly but surely picked up momentum over the past few month …
How to Set Up and Maintain a Compliant Inventory System for Your Marijuana Retail Store
By Faai Steuer on October 29, 2019
The heart of any successful retail operation is a solid inventory management system. But when your business involves sales of a highly valuable and perishable product like cannabis, proper inventory management becomes even more crucial — not to mention that it’s also a legal requireme …
The Future of Cannabis Retail is Here (VIDEO)
By Faai Steuer on October 10, 2019
The cannabis industry has a storied past. And due to its long history of prohibition, it is one of the most highly regulated markets in the U.S. and Canada. However, as the industry continues to traverse the globe and shows no signs of slowing down, we believe the future of cannabis b …