By Tatyana Parkanskaia To (mis)quote Mark Twain, the “Death of Retail” has been greatly exaggerated. Consider the explosion of cannabis retail stores throughout southwestern Ontario. Even with some businesses suffering and in dire circumstances due to COVID, cannabis stores are thriving. In some neighbourhoods in downtown Toronto, there are multiple new stores on every block, […]
Retailers
How Customer Data Can Drive Cannabis Operators’ Decision Making
In traditional consumer packaged goods markets, the balance between retailers and manufacturers is dynamic and competitive. When it comes to consumer data and shopping behavior data, retailers have a huge advantage over their manufacturer providers. Why? Because they have access to SKU level shopping data, and with the advent of loyalty/frequent shopper card programs, retailers […]
What is CRM and why is it important in Cannabis marketing?
How building a strong Customer Relationship Management List can super-charge your retail dispensary business. Imagine that you’re shopping at your favorite local sandwich shop. When you walk in, Wendy, the owner shouts hello to you over the counter with her back turned towards you. “The usual?” she asks? “Also, we’ve got those ice tea flavors […]
Cannabis Has Become a Go-To Grownup Stocking Stuffer
When a certain famous young entertainer was recently clocked at the Originals Factory & Weed Shop buying over $3,000 worth of cannabis goodies, those working behind the counter realized they weren’t just spotting a celebrity but a trend. Sensing all eyes upon her as she proceeded to lay out a bundle of hundred dollar bills to cover […]
Curio Wellness Launches Investment Fund to Combat Diversity and Inclusion Challenges within Cannabis Industry
PRESS RELEASE $30 Million in Capital will Provide 50 Diverse Entrepreneurs with Up to Ninety-Three Percent of the Capital Needed to Open a Curio Franchise in any one of eight states. December 01, 2020 09:00 AM Eastern Standard Time TIMONIUM, Md.–Curio Wellness today announced a new funding program that will provide start-up capital for minority […]
Wellness Connection to open adult-use cannabis shop Monday in South Portland
The store marks the beginning of Maine’s largest marijuana company’s conversion from medical to recreational sales. The state’s biggest medical marijuana company, Wellness Connection of Maine, will open its first recreational store Monday. Changing its South Portland clientele from card-carrying medical patients to anyone over the age of 21 marks the beginning of Wellness’s transition […]
Jushi Holdings Inc.’s Majority-Owned, Vertically Integrated Facility in Virginia Has Commenced Operations; Opens First of Six Dispensaries in Virginia and 12th BEYOND/HELLO Retail Location Nationally
PRESS RELEASE BEYOND / HELLO Manassas Will Begin Medical Marijuana Dispensary Sales in the Commonwealth of Virginia on Tuesday, December 1, 2021 at 10:00 a.m. BOCA RATON, Fla., Nov. 19, 2020 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multi-state cannabis operator, announced that Dalitso LLC, […]
Scaling Your MSO to Succeed: When it comes to scaling your business, capital is only one piece of the puzzle
Back in January, none of us could’ve predicted how 2020 would play out for the industry. Now that we’re in the fourth quarter, it’s worth looking at where things stand and how MSOs can effectively scale in the current environment. Continued industry growth is a given. But how that growth happens—through either federal legalization or […]
Cannabis is Booming, But There’s Reason for Caution
2020’s record-breaking cannabis sales tell an incredibly optimistic story about the industry’s resilience during an economic downturn. Many cannabis business operators are putting all their faith into that story as they plan their next steps. Here’s why I wouldn’t get too comfortable with that perspective yet. Looking at the Bright Side: Essential Designation Pays Off […]
COVID-19 Ushering in Automated Future for Retail Pot
The future of marijuana retail could mean more automation and shorter wait times as Colorado marijuana retailers change their business models during the COVID-19 pandemic. The Green Solution, one of the state’s largest dispensary chains, has installed self-service kiosks in all 21 lobbies of its retail stores. Meanwhile, Boston-based Anna offers self-service marijuana purchasing lockers that […]
