Cannabis retailers face stiff competition, and regulations aren’t getting any more relaxed. In crowded markets with strict marketing restrictions, boosting profit is challenging, so many retailers are looking for ways to cut costs and improve efficiency. Good dispensary tech helps, but the dispensary software space is also highly competitive. Some providers prioritize winning new business over solving problems for retailers, making big promises of lower prices and better features that they don’t keep. Why Retailers Choose Cova Software Cova Software is a well-known and trusted software provid ..read more

New York's largest legal dispensary has a story to tell you.. It starts with Rodney Jr. and Brandon Carter, and their father – they’re the owners and founding partners of Trends, a first-of-its-kind cannabis store and event space nestled in the heart of Long Island City, Queens. This story goes deeper than just starting a family business, though. The Carters each took their own unique path to get here. For instance, if you talk to Rodney – who serves as Trends’ CEO – you’ll learn that he’s an entrepreneur who’s worked in the health and wellness industry for more than 15 years. Rodney will tel ..read more

The steps now being taken to reschedule marijuana mark a transformative moment for the industry that will allow retailers to make real strides. This shift promises not only to revitalize businesses but also to reshape the regulatory landscape in profound ways. Here’s why the rescheduling of cannabis could be a game-changer for cannabis retail entrepreneurs.   Financial Relief with the Elimination of 280E Restrictions One of the most immediate and significant benefits of rescheduling cannabis will be the elimination of the burdensome 280E tax restrictions. Currently, these restrictions p ..read more

The cannabis industry is thriving, whether for medical, pharmaceutical, or recreational use. However, this sector also comes with some legal and financial risks. What better way to avoid them than to get cannabis business insurance? Business insurance is crucial for securing funds and reducing the risk in the cannabis industry. It protects you from liabilities such as property damage, product defects, and even legal penalties. Ultimately, it ensures continuous business operations and promotes guaranteed financial stability. But with the industry's unique financial challenges and evolving lega ..read more

As the cannabis industry continues to grow, unique challenges have emerged effecting businesses efficiently opening their doors, especially when it comes to real estate. Understanding Property Requirements in the Cannabis Industry   Finding the perfect property for a cannabis business isn't as straightforward as it might seem and with each state, county, and town comes a new set of rules. In this blog, we'll delve into why cannabis real estate varies so much, exploring the contributing factors to this variation and offering strategies for navigating the complex landscape of pre-license p ..read more

The cannabis industry continues to experience a huge roadblock when it comes to banking and facilitating financial transactions. Despite the popularity and rapid growth of the cannabis industry in the United States, as evidenced by more and more states legalizing its use and possession for medical and recreational use, any connection and facilitation of banks and the financial industry to cannabis businesses can still pose legal and regulatory risks. In this article, we will discuss the banking challenges the cannabis business industry continues to face and what cannabis business owners can d ..read more

For the first time in half a decade, the biggest cannabis holiday of the year fell on a Saturday in 2024 – and the 420 sales numbers did not disappoint. But the day wasn’t without its challenges. Cannabis retailers using Dutchie POS systems struggled with outages that left them unable to process transactions for much of the day, costing them thousands in lost revenue and leaving customers (un)high and dry. Dispensary operators reported losses as high as $80,000 in some states. On the brighter side, a number of states and provinces saw new sales records, and New York celebrated its first 420 w ..read more

Choosing which payment solution to invest in is a big decision with an even bigger impact on your cannabis dispensary. The decision isn’t helped by the fact that the cannabis industry is constantly evolving, and so is the technology used for processing transactions. Thankfully, we help dispensaries all over North America set up their payment systems and in this article, we’ll share our ideal payment solution system, alternatives, and what to avoid. In Canada, where the Cannabis Act (i.e. federal legalization) ensures no legal complications for banks and payment processors, cannabis stores are ..read more

Maryland recently held a lottery for social equity applicants to receive one of 179 cannabis dispensary licenses. At over 1,500 eligible applicants, if you are one of the Maryland adult-use business license winners, congratulations — this is a once in a lifetime opportunity. Now the real work, and real excitement, begins for winners to create a successful cannabis dispensary brand. Next Steps for Maryland Dispensary License Winners When you consider everything you need to do to launch your cannabis store, it can feel overwhelming. Unlike other retail industries, cannabis retail is truly uniqu ..read more

Location, location, location. In retail, it determines the success of a business, and in the case of Lenox Hill Cannabis Co., is what guided and helped refine both their name and New York dispensary brand. Co-founder Wei Hu and his partners, Michael Graubard and Dominick Cuffaro, were always determined. They shared a passion to further destigmatize and normalize cannabis consumption, to promote education, and ensure safe, legal access to the plant. With a highly coveted Conditional Adult-Use Retail Dispensary (CAURD) license for the Manhattan Region in hand, they focused on securing the right ..read more