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 …
Top Dispensary Receptionist Interview Questions You Should Ask
By Faai Steuer on Aug 25, 2022 12:00:00 AM
As per recent news, dispensary staff turnover has been hindering the cannabis industry. In these uncertain times, it’s imperative to hire the right dispensary employees and incorporate the best training and retention practices. We’ve written about how budtenders shape the customer exp …
How to Move From Conditional to Permanent Illinois Dispensary License
By Faai Steuer on Aug 19, 2022 12:00:00 AM
After over a year of delays, Illinois finally issued conditional adult-use dispensary licenses to 185 social equity applicants. However, the conditional license does not allow you to begin cannabis retail sales yet. In the 180 days of this conditional phase, you must follow a step-by- …
5 Ways to Maximize Your Dispensary Business Value For Sale
By Faai Steuer on Jul 1, 2022 12:00:00 AM
Unless you are a serial entrepreneur, you don’t necessarily think about selling your dispensary business, especially when you’re your own boss. But sometimes, a lucrative opportunity may arise, or you may decide to retire or exit the marijuana industry altogether. Hence, you must be p …
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 Analytics and BI Reporting to Expect From Your POS Provider
By Faai Steuer on Apr 29, 2022 12:00:00 AM
The cannabis retail industry has experienced exponential growth in a short period, and leveraging data is essential for sustainable long-term growth. With stringent government laws, cannabis retailers and dispensaries have to collect and report certain data to regulatory agencies. How …
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 …
2022 Infographic: More Dispensaries & High Sales—Our Best Look Yet at 420 Data
By Faai Steuer on Apr 22, 2022 12:00:00 AM
420 is always a big day for the cannabis industry. Although celebrations in the last couple of years were marred by the pandemic, cannabis enthusiasts flocked to dispensaries in-person to purchase their celebratory stash on 4/20/2022. With pandemic restrictions eased, online orders fo …
The Cost of Opening a Cannabis Dispensary in New Mexico & Mississippi
By Faai Steuer on Apr 16, 2022 12:00:00 AM
While Mississippi recently became the latest state to legalize medical marijuana, New Mexico took a giant leap to start recreational cannabis sales from April 1, 2022. Both these states are quite different, and the cost of opening a dispensary can vary. However, similar to other indus …
5 Risks of Not Owning Customer Relationship For Cannabis E-Commerce
By Faai Steuer on Mar 18, 2022 12:00:00 AM
The latest chapter of the legal cannabis industry is transpiring online, as cannabis retailers are adapting to changing consumer behavior and offering eCommerce and delivery services. However, our industry is unlike traditional retail, and with stringent requirements like online age-g …