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, …
Top 6 Inventory Metrics to Maximize Cannabis Dispensary Profits
By Dave Emmett on April 9, 2019
At the end of the day, cannabis retail follows the same principles as other retail industries, and the same inventory metrics used in traditional retail settings can help guide you to reduced costs and increased revenues. Ultimately, your goal is to always have the right amount of the …
How to Use Technology to Turn Your Budtenders Into Cannabis Sommeliers
By Gary Cohen on April 2, 2019
Let’s face it: when it comes to retail, the greatest single factor between a positive experience and a negative one is the frontline staff. Customer service representatives are the heart and soul of any retail outfit, and along with being friendly, outgoing, and eager to assist, they …
Make it Count: Why Auditing & Inventory Counting is so Crucial at Your Dispensary?
By Dave Emmett on March 22, 2019
A cannabis business without a strong inventory auditing policy is like snowboarding without snow. You may get to where you are going, but there’s a whole lot that can go wrong along the way.
5 Important Interview Questions for a Cannabis Retail Compliance Manager
By Faai Steuer on March 8, 2019
It’s no secret that the cannabis industry is fraught with legal complexities. To defend against diversion to the black market, tainted products, and minors getting their hands on cannabis, compliance requirements are stringent. As dispensary operations grow more complex, many hire a m …
How to Manage Cash at a Cannabis Retail Store
By Gary Cohen on February 14, 2019
North America’s legal cannabis market is estimated to rake in $20.2 billion by 2021. And most of that money will come in the form of cold, hard cash. Every year and all over the United States, millions of dollars arrive at state tax offices delivered by dispensary owners, some of whom …
4 Things Your Customers Should Know About CBD
By Guest Blogger on February 8, 2019
CBD, also known as cannabidiol, is a compound found in the cannabis sativa plant. It happens to be one of more than 113 identified cannabinoids, and its discovery dates back to the year 1940 when it was first brought to light by a team of scientists.
8 Common Inventory Management Questions for California Cannabis Retailers
By Gary Cohen on December 28, 2018
California debuted the state’s Adult Use cannabis program in early 2018, ushering in a new era for one of the largest cannabis economies in the world. But with market growth comes something a little less exciting: new inventory management requirements for cannabis retailers.
5 Common Cannabis Retail Pricing Strategies
By Guest Blogger on December 3, 2018
One of the things that most surprise people about cannabis retailers is that they require the same thought and consideration as other established businesses. One of the main considerations that operators need to strategize is how their products will be priced.
Inventory Procedures for Dispensary Owners in California
By Dave Emmett on November 27, 2018
Imagine this: After much time and effort, you have convinced investors to put money behind your dreams and are ready to open a retail cannabis dispensary in California. You have engaged a realtor that helps you find the perfect potential location and you’ve worked with an architect to …
7 Crucial Things All Budtenders Should Know
By Faai Steuer on November 19, 2018
Tricks of the trade come after being in one industry for a while, but there are a few elements any budtender just starting out in a marijuana dispensary must know. We’re not saying employees have to memorize the effects of hundreds of strains, but there are key components to their job …
8 Cannabis Compliance Issues for Cannabis Dispensary Retailers
By Gary Cohen on November 6, 2018
It’s true that we’ve seen progress socially and politically for legalization, but the struggle to keep cannabis retail stores free from legal scrutiny is still an uphill battle.