7 Tips to Drive Retail Traffic to Your Cannabis Store Grand Opening
By Faai Steuer on Aug 19, 2020 12:00:00 AM
Retailers have long known that a grand opening event can be an incredibly effective way of boosting their retail traffic.Cannabis retailers, though, face a number of challenges when it comes to organizing events like these: they can’t give away free cannabis, and in some jurisdictions …
How Cannabis Jacks Embraced a Low-Cost Operating Model to Boost the Bottom Line
By Dayna Van Buskirk on Aug 13, 2020 12:00:00 AM
The new wave of cannabis retail experiences has become synonymous with shiny white countertops, glowing white lights and regrettably, too many SKUs to count. While the intention is to show off the expansive menu and ultimate knowledge of brands, in reality this is overwhelming to a cu …
Steps You Can Take While Waiting for an Ontario Cannabis Retail Store Authorization
By James Manning on Aug 6, 2020 12:00:00 AM
The Ontario cannabis retail market has come a long way since changes were announced in December 2019—in some ways. While there is certainly no love lost for the controversial lottery system of awarding retail licenses, cannabis entrepreneurs celebrating the open market and ample oppor …
How Much Americans Are Spending on Cannabis in 2020
By Alan Wood on Jun 11, 2020 12:00:00 AM
The popularity of cannabis in the U.S. has grown exponentially over the past few years. With its changing legalization status in many states, more and more people are seeking to try out the benefits of cannabis.
7 Crash-and-Burn Mistakes in Cannabis Retail
By Gary Cohen on Jun 3, 2020 12:00:00 AM
Successful cannabis retail goes beyond just winning the license. While 85% of cannabis retailers break even in their first year, many others fail, and most struggle to reach their full revenue potential.
7 Mistakes to Avoid When Hiring Budtenders & Cannabis Dispensary Staff
By Faai Steuer on May 26, 2020 12:00:00 AM
As a dispensary owner, when you’re hiring budtenders, you’re placing your cannabis business in a stranger’s hands. The new employee will either help your brand or hinder it, impress your customers or drive them away. Moreover, new budtenders or employees at your marijuana dispensary w …
Cannabis Retail Security System: Why You Need One & What to Look For
By Jim Farrell on May 20, 2020 12:00:00 AM
Social distancing measures have created a situation that is punishing for retail businesses that haven’t modernized fulfillment. For cannabis retailers still in their startup phase, it is doubly so. This new reality heightens your risks of theft, fraud, and slips that are susceptible …
Dispensary Standard Operating Procedures - A Cannabis Retailer’s Guide to SOPs
By Faai Steuer on May 12, 2020 12:00:00 AM
Standard operating procedures (SOPs) are the documents and processes that keep companies compliant, efficient, and profitable. Yet many cannabis companies neglect to take full advantage of forward-thinking SOPs, leaving their documentation at the bare minimum required by regulators.
12 Inspiring Cannabis Retail Instagram Accounts to Follow
By Faai Steuer on May 6, 2020 12:00:00 AM
Instagram has exploded as an essential social media tool that can help you promote your brand and keep you connected to companies that offer the latest tech trends and industry insights your business needs to stay fresh.
Infographic: 420 Sales Numbers Reveal the Impact of Covid-19 on Cannabis Retail
By Dayna Van Buskirk on Apr 22, 2020 12:00:00 AM
This year was always going to be a 4/20 to remember. Prior to the global pandemic, that was for very different reasons. 2020 promised a whole month of 4/20, extended celebrations, and hopefully record sales. Things were looking good for cannabis retail.