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 …
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 …
How Much Money Does a Cannabis Dispensary Owner Make?
By Gary Cohen on June 1, 2022
As the cannabis industry continues to grow, more people are making career moves and applying their skills in the legal cannabis market. If you’ve got retail experience, you may have wondered just how lucrative owning a dispensary might be. Dispensary profit margins vary greatly depend …
8 Dispensary KPIs to Measure the Performance of Your Cannabis Business
By Faai Steuer on May 13, 2022
Embarking on your cannabis entrepreneurial journey is quite an exciting adventure, but running a successful dispensary business is a different game altogether. To thrive in this competitive industry, cannabis retailers must use data and technology strategically to measure the performa …
Cannabis Analytics and BI Reporting to Expect From Your POS Provider
By Faai Steuer on April 29, 2022
The cannabis retail industry has experienced exponential growth in a short period, and leveraging data is essential for sustainable long-term growth. With stringent government laws, cannabis retailers and dispensaries have to collect and report certain data to regulatory agencies. How …
How to Transition Your Dispensary From Med to Rec in Montana & New Mexico
By Gary Cohen on April 26, 2022
In the United States, most states first tend to legalize medical marijuana before making cannabis legal for recreational use. Montana and New Mexico followed the trend by making adult-use cannabis legal recently in 2022. It is a massive opportunity for existing dispensaries to tap int …
2022 Infographic: More Dispensaries & High Sales—Our Best Look Yet at 420 Data
By Faai Steuer on April 22, 2022
420 is always a big day for the cannabis industry. Although celebrations in the last couple of years were marred by the pandemic, cannabis enthusiasts flocked to dispensaries in-person to purchase their celebratory stash on 4/20/2022. With pandemic restrictions eased, online orders fo …