10 Need-to-Knows Before Leasing Dispensary Property
By Gary Cohen on Apr 30, 2019 12:00:00 AM
Signing a property lease for a cannabis retail location is a major investment and business decision. Don't take it lightly! There are a few strategic choices you should carefully review and make sure you have fully considered before you commit.
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 …
Sticker Shock: How to Talk to Customers About Premium Cannabis Price Tags
By Faai Steuer on Apr 24, 2019 12:00:00 AM
As the industry continues to shed the negative stereotypes and stigmas once heavily associated with cannabis consumption, dispensaries are seeing an uptick in visits from cannabis newcomers. These customers typically have plenty of questions about the various products they see on your …
Customer Story: The Hunny Pot Cannabis Co. Sets the Bar for Cannabis Retail in Toronto
By Dayna Van Buskirk on Apr 18, 2019 12:00:00 AM
In any industry there are hoops to jump through to get a business off the ground. In cannabis retail, it seems like those hoops are constantly moving. And lit on fire. One wrong move, you get burned; you can easily lose a retail license that took incredible luck and determination to g …
Customer Story: Learn how ECO Cannabis turned a unique vision into a memorable dispensary experience.
By Faai Steuer on Apr 17, 2019 12:00:00 AM
When ECO Cannabis officially opened its doors on January 10, 2019, it was more than just the launch of another California dispensary — it was the realization of Kevin Ahaesy’s vision for what a modern-day cannabis retail store should be. Unsatisfied with the typical Oakland dispensary …
Customer Story: The Secret Strategy Behind Canada's Biggest Cannabis Retail Franchise
By Dayna Van Buskirk on Apr 17, 2019 12:00:00 AM
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 …
How to Use Technology to Turn Your Budtenders Into Cannabis Sommeliers
By Gary Cohen on Apr 2, 2019 12:00:00 AM
Let’s face it: when it comes to retail, the greatest single factor between a positive experience and a negative one is the frontline staff. Customer service representatives are the heart and soul of any retail outfit, and along with being friendly, outgoing, and eager to assist, they …
Beyond Demographics: Cannabis Consumer Segmentation Best Practices and Tips
By Faai Steuer on Mar 26, 2019 12:00:00 AM
When it comes to cannabis retail marketing, dispensary owners can apply many of the same proven principles and strategies employed in traditional retail.