Truth Be Told: Why Cannabis Retailers Return to Cova Software
By Dayna Van Buskirk on July 16, 2024
Cannabis retailers face stiff competition, and regulations aren’t getting any more relaxed. In crowded markets with strict marketing restrictions, boosting profit is challenging, so many retailers are looking for ways to cut costs and improve efficiency.
What Marijuana Rescheduling Means for the Cannabis Industry
By Gary Cohen on June 14, 2024
The steps now being taken to reschedule marijuana mark a transformative moment for the industry that will allow retailers to make real strides. This shift promises not only to revitalize businesses but also to reshape the regulatory landscape in profound ways. Here’s why the reschedul …
The Role of Cannabis Business Insurance in Securing Finances and Mitigating Risk
By Roman Shvydun (Guest Blogger) on June 10, 2024
The cannabis industry is thriving, whether for medical, pharmaceutical, or recreational use. However, this sector also comes with some legal and financial risks. What better way to avoid them than to get cannabis business insurance?
Dispensary Property Requirements: Why Cannabis Real Estate Varies So Much
By Sumer Thomas (Guest Author) on May 7, 2024
As the cannabis industry continues to grow, unique challenges have emerged effecting businesses efficiently opening their doors, especially when it comes to real estate.
Navigating Cannabis Banking Challenges: Managing Cash Flow & Financial Transactions
By Roman Shvydun (Guest Blogger) on April 30, 2024
The cannabis industry continues to experience a huge roadblock when it comes to banking and facilitating financial transactions. Despite the popularity and rapid growth of the cannabis industry in the United States, as evidenced by more and more states legalizing its use and possessio …
420 Cannabis Retail Sales 2024 Infographic: How Much Dispensaries Made (And Lost)
By Faai Steuer on April 26, 2024
For the first time in half a decade, the biggest cannabis holiday of the year fell on a Saturday in 2024 – and the 420 sales numbers did not disappoint. But the day wasn’t without its challenges. Cannabis retailers using Dutchie POS systems struggled with outages that left them unable …
A Guide for Next Steps for Maryland Dispensary License Winners
By Dayna Van Buskirk on March 22, 2024
Maryland recently held a lottery for social equity applicants to receive one of 179 cannabis dispensary licenses. At over 1,500 eligible applicants, if you are one of the Maryland adult-use business license winners, congratulations — this is a once in a lifetime opportunity. Now the r …
Cannabis Retail Analytics and Insights as a Roadmap to Higher Profits
By Roman Shvydun (Guest Blogger) on December 15, 2023
Over the years, politicians, health officials, and enthusiasts have long debated the legalization and commercialization of cannabis. Surely enough, cannabis enthusiasts have continuously pushed for the decriminalization of cannabis so that it can be commercially available for medicina …
How to Transition from CBD Store to Recreational Cannabis Dispensary
By Dayna Van Buskirk on December 7, 2023
In the ever-evolving world of cannabis retail, transitions and expansions are common as regulations change and opportunities arise. Many CBD stores are now considering a transition to full-fledged cannabis recreational dispensaries as legalization spreads across the United States. Thi …
What is a Budtender? A Beginner's Guide to Becoming a Budtender
By Dayna Van Buskirk on November 10, 2023
Budtenders are retailer associates who work in licensed cannabis dispensaries. Their job is to assist customers, whether they're new to cannabis consumption or seasoned enthusiasts. In today's competitive job market, securing a job in the burgeoning cannabis industry can be quite chal …
Cova & Canadian Cannabis Retailers Challenge MasterCard Fees
By Gary Cohen on November 6, 2023
In the rapidly evolving landscape of Canadian cannabis retail, business owners constantly struggle to maintain a competitive edge and protect their slender profit margins. However, there's an added burden that is levied unfairly and applied without cause – the annual US $500 special m …
How to Apply for a Cannabis Retail License in 2023
By Gary Cohen on October 24, 2023
In the rapidly evolving landscape of the cannabis industry, the process of applying for a cannabis retail license has seen significant developments and changes. With growing acceptance and evolving cannabis laws and regulations, the opportunities for prospective cannabis dispensary bu …