How to Staff a Cannabis Retail Store or Dispensary
By Faai Steuer on May 21, 2019
You should know by now that when compared to other retail businesses, cannabis is a unique vertical. Before embarking on such a nuanced business venture, it’s essential to ask yourself the right questions and understand the steps involved in opening your own dispensary.
How to Succeed in Oklahoma's Medical Cannabis Market
By Dayna Van Buskirk on May 16, 2019
Voters in Oklahoma pushed forward a medical marijuana bill in June 2018. Thanks to business and patient-friendly Oklahoma marijuana regulations, a massive cannabis industry is building. For owners of cannabis dispensaries in Oklahoma, that means stiff competition. So how do you succee …
How to Address ID Scanner Concerns with Cannabis Retail Customers
By Gary Cohen on May 14, 2019
Recently, Cova was spotlighted in a news report discussing customer concerns over having their IDs scanned in Canadian cannabis dispensaries. Canada takes consumer information privacy very seriously, and so do we — which is why we invest in premium data protection measures to safeguar …
12 Things to Know About Opening a Cannabis Retail Store in British Columbia
By Ron Segev on May 7, 2019
Cannabis is a booming global industry with a total market value of $166B in both medical and recreational markets. By January 2019, Canadian retailers were only bringing in an average of $50 million per month, citing a lack of open stores as the key reason behind slow financial growth …
5 Inventory Management Mistakes to Avoid at Your Cannabis Retail Store
By Faai Steuer on May 2, 2019
When it comes to cannabis retail, proper inventory management isn’t just a smart business practice — it’s a regulatory mandate. In our industry, failure to correctly track, monitor, and report inventory can cause significant headaches in the form of fines or even loss of licensure.
10 Need-to-Knows Before Leasing Dispensary Property
By Gary Cohen on April 30, 2019
Signing a property lease for a cannabis retail location is a major investment and business decision. Don't take it lightly! There are a few strategic choices you should carefully review and make sure you have fully considered before you commit.
Infographic: 420 Sales Numbers Show Record Highs in 2019
By Dayna Van Buskirk on April 24, 2019
The past year has been huge for cannabis retail, and it’s all been leading to this day. The first 420 since Canada legalized cannabis. The first 420 in five years to fall on a weekend. We knew it would be huge, and the numbers did not disappoint. Once again, there were no major techni …
5 Tax Tips for Cannabis Retail Businesses
By Gary Cohen on April 12, 2019
Americans are gearing up for Tax Day, a day that always seems to come too soon. This time of year is a stressful season for most business owners, but for cannabis businesses, taxes are even more migraine-inducing. The federally illegal industry still attracts a keen eye from the IRS, …
6 Cannabis Industry News Sites Retailers Should Be Reading Right Now
By Faai Steuer on February 28, 2019
Part of what makes the legal cannabis industry so exciting is its volatility. Individuals and companies working to establish their cannabis businesses learn quickly to brace themselves for the evolving landscape of one of the fastest growing industries in the world. To be in the best …
8 Cannabis Industry Events Retailers Must Attend in 2019
By Faai Steuer on February 1, 2019
Building a business in one of the fastest growing industries in North America can be as volatile as it is exciting. Things are moving so quickly that trying to keep up with everything from industry news and market trends, to evolving regulations and the cannabis industry’s top movers …
10 Awesome Instagram Accounts for Cannabis Retailers to Follow Right Now
By Faai Steuer on January 15, 2019
Although laws within the states restrict the ways that marijuana dispensaries can advertise their product, Instagram has proven to be an important hub for those who have an appreciation for the cannabis plant to gather.
How Cova Meets All Ontario Compliance and Reporting Requirements
By Faai Steuer on December 11, 2018
The initial steps have officially commenced for the second phase of the Ontario cannabis retail industry. The province opened the online application for privately-owned, brick and mortar retail cannabis stores and expect sales to begin in April 2019.