How to Move From Conditional to Permanent Illinois Dispensary License
By Faai Steuer on August 19, 2022
After over a year of delays, Illinois finally issued conditional adult-use dispensary licenses to 185 social equity applicants. However, the conditional license does not allow you to begin cannabis retail sales yet. In the 180 days of this conditional phase, you must follow a step-by- …
Top FAQs About New York CAURD Cannabis Dispensary License
By Faai Steuer on August 12, 2022
New York’s Office of Cannabis Management recently released regulations and details regarding how to apply for a Conditional Adult-Use Retail Dispensary (CAURD) license in the empire state. CAURD licensees will be the first legal retail dispensaries to open for adult-use cannabis sales …
Congratulations to Illinois’ Cannabis Retail License Winners
By Faai Steuer on August 8, 2022
In August 2022, Illinois has finally resumed the process of establishing a robust and equitable recreational cannabis industry, with cannabis retail licenses finally being issued to 185 winners after over a year of delays. In this first round in 2021, the Illinois Department of Financ …
5 Features to Look For in a Dispensary Payments Solution
By Faai Steuer on August 1, 2022
Cannabis in the US is still illegal federally, and SAFE Banking Act is yet to see the light of the day. However, innovative cannabis technology companies like Cova are already offering digital payment processing solutions compliant with current regulations to cannabis dispensaries. Ac …
How Social Equity Licensees are Shaping the Future of Cannabis Retail
By Faai Steuer on July 25, 2022
Whether they are legacy entrepreneurs or people disproportionately impacted by the war on drugs, cannabis license applicants qualifying for social equity laws are prepared and motivated to make the growing marijuana industry a thriving one. As states like New Jersey and New York join …
How to Take Your Dispensary Design to the Next Level
By Faai Steuer on July 21, 2022
Despite what you may have heard, online cannabis retail will never eradicate brick-and-mortar businesses. In fact, as we get back to a sense of normal after the pandemic, retail footfalls are already increasing and people want to go to a store to buy their stash. Depending on whether …
How to Choose a Cannabis Technology Partner For Your Dispensary
By Faai Steuer on July 14, 2022
As more states across the US legalize cannabis and recognize the disproportionate impact of the war on drugs on communities of color, they are incorporating social equity provisions into cannabis laws everywhere. With so many new laws and regulations, cannabis software companies are a …
How to Open and Manage a Dispensary in Massachusetts
By Gary Cohen on July 7, 2022
Massachusetts was one of the first states on the east coast to legalize cannabis for recreational use in 2016, and adult-use marijuana establishments in Massachusetts recently surpassed $3 billion in gross retail sales. With social equity measures introduced to make the marijuana indu …
5 Ways to Maximize Your Dispensary Business Value For Sale
By Faai Steuer on July 1, 2022
Unless you are a serial entrepreneur, you don’t necessarily think about selling your dispensary business, especially when you’re your own boss. But sometimes, a lucrative opportunity may arise, or you may decide to retire or exit the marijuana industry altogether. Hence, you must be p …
Dispensary SEO Best Practices to Improve Online Discoverability
By Faai Steuer on June 24, 2022
As the cannabis retail industry goes mainstream and more consumers are searching for strains and products online, dispensaries must employ the best digital marketing practices to ensure that they stay ahead of the competition. An effective SEO strategy is crucial to improve online dis …
How to Succeed in Canada's Competitive Cannabis Retail Industry
By Faai Steuer on June 20, 2022
The cannabis retail industry has grown exponentially in Canada, and some provinces are concerned about the oversaturation of cannabis stores, even though that’s not the case. However, as we prepare to celebrate four years of cannabis legalization in Canada, it is also essential to ack …
Discover How Cova OCS Catalogue Subscription Boosts Your Bottom Line
By Faai Steuer on June 16, 2022
Cannabis retail stores in Ontario, Canada’s largest cannabis consumer market, have never been more concerned with improving their bottom line and enhancing operational efficiency. In addition to complying with AGCO regulations, Ontario now faces the challenge of market saturation and …