Michigan Cannabis Dispensary Q & A: Top 5 Compliance Questions Answered
By Gary Cohen on Jul 16, 2019 12:00:00 AM
As the Great Lakes State prepares for the start of recreational cannabis sales, it’s critical for retailers to ensure they’re fully compliant with the marijuana dispensary regulations in Michigan.
7 Things to Look For in a Seed-To-Sale Compliant POS in Missouri
By Gary Cohen on Jul 5, 2019 12:00:00 AM
You put a lot of hard work into earning a dispensary license, and now that you’ve got the green light, you’ll need to find the right POS partner. It’s vital you pick a point-of-sale that meets all DHSS seed-to-sale regulations, one that helps you prevent diversion of product into the …
How to Reduce Your Cannabis Tax in Ontario
By Gary Cohen on Jun 20, 2019 12:00:00 AM
The cannabis store tax in Canada can add a pretty penny to your customer's total purchase. In Ontario, there is a Harmonized Sales Tax (HST) that adds a 13 percent fee on virtually all products, cannabis included. But there are HST exemptions for certain populations in Ontario so long …
Cannabis Recall Procedures in Canada
By Faai Steuer on May 28, 2019 12:00:00 AM
Even the most careful cannabis supplier can have a bad day. Perhaps a piece of equipment malfunctions or a batch is mislabeled. In these situations, what are the cannabis recall procedures in Canada for Licensed Producers and retailers?
Infographic: 420 Sales Numbers Show Record Highs in 2019
By Dayna Van Buskirk on Apr 24, 2019 12:00:00 AM
The past year has been huge for cannabis retail, and it’s all been leading to this day. The first 420 since Canada legalized cannabis. The first 420 in five years to fall on a weekend. We knew it would be huge, and the numbers did not disappoint. Once again, there were no major techni …
5 Tax Tips for Cannabis Retail Businesses
By Gary Cohen on Apr 12, 2019 12:00:00 AM
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 Apr 9, 2019 12:00:00 AM
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 …
Make it Count: Why Auditing & Inventory Counting is so Crucial at Your Dispensary?
By Dave Emmett on Mar 22, 2019 12:00:00 AM
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.
How to Manage Cash at a Cannabis Retail Store
By Gary Cohen on Feb 14, 2019 12:00:00 AM
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 …
8 Common Inventory Management Questions for California Cannabis Retailers
By Gary Cohen on Dec 28, 2018 12:00:00 AM
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.