Cannabis Retail Blog / Retail Operations (8)

7 Ways to Make Your Cannabis Retail Business More Profitable

By Faai Steuer on February 15, 2021

Cannabis Dispensary Profit Margins

Ask any profitable cannabis retail owner what it takes to succeed and they’ll tell you: You’ve got to have a flow of customers regularly purchasing products. And in this day and age, in-store sales alone won’t cut it. In today’s environment, you need an omnichannel sales strategy that …

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Why Seed-to-Sale Might Not Be the Best Fit for Your Cannabis Dispensary

By Gary Cohen on January 27, 2021

Cannabis Retail-Specific POS

Cannabis dispensary owners often have a dilemma whether they are better off with a retail point of sale (POS) or seed-to-sale software system when it comes to cannabis retail business activities. With the term seed-to-sale appearing quite frequently in official regulatory language, on …

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Quick Start Guide to Metrc for Marijuana Dispensaries in Oklahoma

By Dave Emmett on January 18, 2021

A Guide to Metrc Integration for Oklahoma Marijuana Dispensaries

As a licensed medical marijuana dispensary owner in Oklahoma, you probably have questions or concerns about getting started with Metrc, the state’s recently chosen cannabis traceability system. OMMA announced a contract with America’s largest cannabis seed-to-sale tracking company, Me …

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Why You Need a Cannabis Industry-Specific Retail POS System

By Faai Steuer on January 11, 2021

Why you need a cannabis industry-specific POS system

New marijuana dispensary owners often have to juggle a baffling amount of different considerations when trying to establish a cannabis retail business. Legal regulations, compliance issues, supply infrastructure, marketing, and managing inventory are just a few of the things you have …

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5 Ways Automating Your Dispensary Payroll Can Save Thousands of Dollars

By Danny Lum on November 25, 2020

Having a smooth, efficient payroll system is an essential component of running a successful cannabis dispensary; especially when wages contribute largely to the cost of your operations. Making sure your employees are paid accurately and on time improves morale, strengthens your busine …

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Performing an Inventory Audit for Cannabis Retail in 5 Easy Steps

By Faai Steuer on November 16, 2020

Do you want to maximize your profits and reduce shrinkage? Or perhaps empower your budtenders? Some of the most important data points for both goals will be revealed during the process of performing an inventory audit if you can do so regularly and in an efficient manner. Let us not f …

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How to Leverage Cannabis Discounting and Promotional Offers for Your Dispensary

By Faai Steuer on October 26, 2020

Cannabis Promotions with Cova POS

Consumers of all kinds are always hunting for good deals and discounts on products, and legal cannabis is no different. Cannabis products tend to have a lingering reputation of being too expensive for recreational consumers that are used to grey-market pricing. The combination of thes …

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Managed Services vs The DIY Model: Choosing a Retail Model For Your Business (Part 3)

By Faai Steuer on October 6, 2020

This is the third and final instalment of a series. You can read part one here, and part two here.

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