There are more regulations on cannabis retail than more traditional types of retail, but managers in this industry will still benefit from developing certain skills and paying attention to fundamental management principles. Along with understanding licensing application processes and requirements, managers will excel with knowledge of: Staff training and development Branding and marketing Inventory management Store design and layout How do you build the skills that contribute to managerial success? Keep reading to learn about a few techniques and strategies for successful retail management in the cannabis business. Open a Cannabis Store and Hire Staff When you open a cannabis.. READ MORE »
If you’re interested in cannabis retail, whether as an owner, manager, or retail worker, product knowledge is important. It makes sense to make product knowledge part of your preparation to work in the cannabis industry. Confident product knowledge will help sales and make customers feel assured about what they are purchasing. Keep reading to learn the difference between CBD derived from hemp plants versus CBD from cannabis plants. Know What CBD Is Before Your Cannabis Retailer Training Cannabidol is commonly referred to as CBD and is found in the trichomes of cannabis plants. It is the most common type of.. READ MORE »
With respect to packaging cannabis products, businesses in Canada have faced the challenge of branding without branding, so to speak. Most typical strategies for creating a brand identity are disallowed. Also, for many there are concerns about the amount of plastic being used for cannabis packages. However, both of these challenges are being approached in innovative ways that follow regulations set out by Health Canada. Above all else, it’s imperative to familiarize yourself with regulations for packaging. As always, it’s best to consult the regulatory documents directly and stay up to date with changes. For example, it was reported.. READ MORE »
Similar to other crops, cannabis plants are susceptible to pests and disease. Pest control products are regulated by the Pest Management Regulatory Agency (PMRA), and their guidelines should be consulted on a regular basis. A few of the most commonly mentioned pests you may have to deal with in the cannabis industry include the following: Aphids Spider mites Fungus Gnats More specifically, there is the phorodon cannabis, which is one of approximately four thousand species of aphid. How does the cannabis aphid, and other aphids, get into grow rooms? One entomologist in Colorado suggests that the movement of cuttings and.. READ MORE »
A little over a year before cannabis edibles and infused drinks became legal to sell in Canada, journalists reported that Coca-Cola was pursuing a way into the market. Despite a video—posted and deleted in December 2019—purportedly showing a coke can with a childproof lid, the company denies any interest in making cannabis-infused drinks currently. On the other hand, there are many partnerships openly ready to stock licensed retailers with so-called drinkables. They include: Molson Coors and HEXO Group Constellations Brands, the makers of Corona Beer, and Canopy Growth Corp. Greenhouse Juice Co., a Toronto company and Canopy Rivers Keep reading.. READ MORE »
When the Cannabis Act—officially known as Bill C-45—was passed, the market in Canada for cannabis was projected to be valued at $9.2 billion by 2025. Since then Ontario has gone through a number of changes with respect to cannabis retail business licenses, among other things. In late 2019, it was announced that there were new rules coming into effect in January 2020. The changes that have gone into effect include: 1) The removal of the cap on the number cannabis retailers the province will allow. 2) The end to the lottery system used for awarding licenses. According to CBC, the.. READ MORE »
In business, keeping your current customers is just as important as attracting new ones. In fact, according to the Harvard Business Review, it can cost five to 25 times more to acquire a new customer than to retain a current one. So, if you’re thinking about getting into cannabis retail in Ontario, you need to make sure your customers are happy. However, no matter how well you run your retail store, you’re bound to encounter customer complaints from time to time. Knowing how to handle these complaints goes a long way towards retaining customers—and towards giving your business a reputation.. READ MORE »
When working with plants, pests and disease are always a concern. For professionals in the cannabis industry, it’s important to be familiar with the ones that threaten cannabis plants, in particular if you’re working in an area like cultivation, where you’re directly in contact with the product in its vulnerable state. Pests that can attack cannabis plants include: Aphids Mealybugs Other insects These are insects that cultivators know to look out for. In addition, fungi can be a threat to the plants, such as: Powdery mildew Phythium (Root Rot) Other fungi Plant pathogens like alternaria can also ruin cannabis plants… READ MORE »
If you pursue owning or managing a business in your cannabis career, you will be interested to know ways that you can improve and make your company better. You will need to be aware of regulations, industry trends, and competitive strategies. Since things change quite quickly in the world of cannabis, it’s normal to need some support from outside of your own team. Consultancy is an option in situations where you want to stay competitive but don’t have unlimited time to stay on top of developments in the industry. Read on for more about consulting and how it can help.. READ MORE »
Craft products and small batch production has become more popular in recent decades, from microbreweries full of interesting beer to small coffee roasters pushing quality over quantity. Customers enjoy products that offer a more personal brand, where consumables are treated with more care and the experience feels a little more special. Expertise is implied and often demonstrated in craft food, drink, and other consumables. Authenticity is in high demand for today’s consumers, and this can translate into micro cultivation in cannabis, especially into the future as the industry evolves. Changes might mean that craft cannabis becomes a more sought after.. READ MORE »
