Can Cannabis Dispensaries Use Traditional Banks?
By Gary Cohen on Oct 28, 2022 12:00:00 AM
If you're a dispensary business owner or thinking about opening one but don't know where to keep your money or make transactions, you're not alone. Since the cannabis industry is not federally legalized in the US, big and trusted banks refuse to let cannabis business owners open an ac …
Industry Roundup with Gary Cohen, Cova's CEO
By Gary Cohen on Aug 31, 2022 12:00:00 AM
Most dispensaries have seen a wild ride over the past year. We were lucky to be deemed an “essential industry” during the worst of Covid and allowed to reopen. As a result, there was a “Covid Surge” during 2020-21 in cannabis sales went up a lot as people were locked down and/or had v …
How to Open and Manage a Dispensary in Massachusetts
By Gary Cohen on Jul 7, 2022 12:00:00 AM
Massachusetts was one of the first states on the east coast to legalize cannabis for recreational use in 2016, and adult-use marijuana establishments in Massachusetts recently surpassed $3 billion in gross retail sales. With social equity measures introduced to make the marijuana indu …
How Much Money Does a Cannabis Dispensary Owner Make?
By Gary Cohen on Jun 1, 2022 12:00:00 AM
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 …
Cannabis Fraud 101: Tips to Safeguard your Dispensary & Prevent Thefts
By Gary Cohen on May 9, 2022 12:00:00 AM
2022 has seen a steep rise in the number of thefts at cannabis dispensaries across the US and Canada. Most cannabis retailers take extra precautionary measures to safeguard their stores, but recent incidents have required dispensary owners to revamp security measures to prevent robber …
How to Transition Your Dispensary From Med to Rec in Montana & New Mexico
By Gary Cohen on Apr 26, 2022 12:00:00 AM
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 …
What’s Happening with Waitr and Cova - Update from Cova CEO Gary Cohen
By Gary Cohen on Mar 11, 2022 12:00:00 AM
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.
How to Choose the Best Cannabis Delivery Software for your Dispensary
By Gary Cohen on Mar 7, 2022 12:00:00 AM
The pandemic and a preference for convenience have certainly changed the way people purchase just about everything, including cannabis. There has been a significant increase in E-commerce and delivery orders for cannabis products in the past couple of years- and these revenue streams …
How to Open and Run a Cannabis Dispensary in New Mexico
By Gary Cohen on Jan 13, 2022 12:00:00 AM
In June of 2021, New Mexico joined the growing list of American states to legalize adult-use recreational cannabis, opening doors for a thriving local market. The Cannabis Regulation Act (CRA) established New Mexico dispensary and cannabis laws and assigned regulatory responsibilities …
How to Start Cannabis Delivery Program at your Retail Store in Ontario
By Gary Cohen on Oct 27, 2021 12:00:00 AM
Ontario recently announced that the province is considering making cannabis pickup and delivery, temporary measures introduced at the peak of Covid-19 last year, permanent for all private cannabis retailers. Under the Supporting People and Business Act, this proposal from the AGCO wou …