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 …
The Cost of Opening a Cannabis Dispensary in New Mexico & Mississippi
By Faai Steuer on April 16, 2022
While Mississippi recently became the latest state to legalize medical marijuana, New Mexico took a giant leap to start recreational cannabis sales from April 1, 2022. Both these states are quite different, and the cost of opening a dispensary can vary. However, similar to other indus …
The Cannabis Tech Ecosystem Stack Your Dispensary Needs to Succeed
By Faai Steuer on March 29, 2022
As a dispensary owner, you know that you need software solutions to make your business run efficiently, and there are some must-have technology solutions that will help you manage bureaucratic cannabis documentation requirements and save you from costly human errors or compliance viol …
5 Tips to Avoid Cannabis Violations and Keep Your Dispensary Compliant
By Faai Steuer on March 25, 2022
Cannabis Compliance is one thing every dispensary must be aware of, as violations can cost you dearly. Adhering to compliance not only secures you the legal right to operate a cannabis business but also helps avoid fines and penalties. Infringement of any federal or state regulations …
5 Risks of Not Owning Customer Relationship For Cannabis E-Commerce
By Faai Steuer on March 18, 2022
The latest chapter of the legal cannabis industry is transpiring online, as cannabis retailers are adapting to changing consumer behavior and offering eCommerce and delivery services. However, our industry is unlike traditional retail, and with stringent requirements like online age-g …
How to Open and Manage a Cannabis Dispensary in California
By Faai Steuer on March 15, 2022
Since the early days of legalization, California has been a pioneer of the cannabis industry. Today, the California cannabis market is one of the largest and hosts a diverse range of successful entrepreneurs and intelligent consumers alike. However, as consumer behavior is changing fa …
What’s Happening with Waitr and Cova - Update from Cova CEO Gary Cohen
By Gary Cohen on March 11, 2022
On December 16, 2021, we announced we were in negotiations to be acquired by Waitr Holdings. I'm sad to report these negotiations have ended and we will no longer be combining companies. You need only look at current market conditions to see why.