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

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

Retailing is hard and dispensaries are the hardest retail. It’s one of the most complex retail environments in business, and the compliancy requirements only add to the difficulty. Some technology is required for cannabis retail, like a cannabis-specific Point of Sale (POS), security systems, and ID Scanners in some states, but aside from that, stores can sell cannabis with little else. However, there are a multitude of services that can provide benefits to the budtender, store manager, owner, and even the customers. Some in-store offerings are CRM/Loyalty, Digital Signage, Digital Menus, Sel ..read more

Over the years, politicians, health officials, and enthusiasts have long debated the legalization and commercialization of cannabis. Surely enough, cannabis enthusiasts have continuously pushed for the decriminalization of cannabis so that it can be commercially available for medicinal or recreational use. Consumption aside, people have found great potential in managing and operating cannabis dispensary stores. Despite the risks and roadblocks that the industry still experiences—including cannabis still being federally illegal—there is still a considerable profitable margin awaiting cannabis ..read more

In the ever-evolving world of cannabis retail, transitions and expansions are common as regulations change and opportunities arise. Many CBD stores are now considering a transition to full-fledged cannabis recreational dispensaries as legalization spreads across the United States. This guide will walk you through the steps, regulations, and considerations in making this transition successful. We'll also delve into specific regulations and opportunities for CBD stores in Minnesota. Understanding the Recreational Cannabis Retail Opportunity  The legalization landscape in the U.S. often sta ..read more