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 …
Top 10 Twitter Accounts For Cannabis Retailers to Follow Right Now
By Faai Steuer on May 26, 2022 12:00:00 AM
There’s no doubt that the cannabis industry is booming in North America. While Canada already has a well-established legal cannabis retail market, more and more states in the US are legalizing adult-use marijuana. There are certainly opportunities galore for cannabis business owners t …
Product Update: Keep Your Dispensary Compliant with METRC Reconciliation Reports
By Faai Steuer on May 19, 2022 12:00:00 AM
Most cannabis regulatory authorities in the United States use Metrc as the seed-to-sale tracking system for dispensaries. Metrc’s goal is to create safety and transparency for consumers in the cannabis industry, which benefits dispensary operators as well. While seamless integration b …
8 Dispensary KPIs to Measure the Performance of Your Cannabis Business
By Faai Steuer on May 13, 2022 12:00:00 AM
Embarking on your cannabis entrepreneurial journey is quite an exciting adventure, but running a successful dispensary business is a different game altogether. To thrive in this competitive industry, cannabis retailers must use data and technology strategically to measure the performa …
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 …
Top 3 Dispensary Compliance Insights From Oklahoma’s Hilltop Gardens
By Faai Steuer on May 3, 2022 12:00:00 AM
Oklahoma has been called the wild west of cannabis, and until last year, the OMMA had struggled to regulate the booming medical marijuana industry. However, with competition intensifying and the state cracking down on illegal operations, various new compliance requirements have been i …
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 …