Cannabis retail is seeing huge advancements across Canada and the world. For cannabis business owners, there’s no better time to tap into a profitable market. The success of a cannabis retail business is dependent upon a number of factors, including compliance with industry regulations, customer engagement, and operational efficiency. The right knowledge and resources can empower prospective cannabis retailers to build the success of their business in a nascent market. The Cannabis 360 conference is an occasion to learn from industry professionals about the key to mastering a cannabis retail business. A panel of speakers will discuss the stages of.. READ MORE »
Canada’s cannabis industry is quickly evolving, as are the laws and regulations surrounding it. While the acceptance of cannabis as a legal substance is growing, the legalization of cannabis is still a relatively recent development. Despite its legalization, there is still a significant stigma attached to the cannabis industry itself. The skepticism surrounding cannabis makes it critical for producers and retailers to make a significant effort to avoid scrutiny. For those operating cannabis dispensaries, the success of their business hinges on careful compliance with industry regulations and laws. Failure to comply can result in a fine or loss of license,.. READ MORE »
As the cannabis industry is still very young, the retail business side of things is constantly evolving. Similarly, customer behaviours and patterns change over time—particularly with the advent of new technology and updated regulations. There is a growing trend that aims to bridge traditional and digital retailing together, leveraging these channels to create the ultimate customer experience. This is where omni-channel retailing comes in, with its aim to upgrade business operations while providing customers with an enhanced service to keep them coming back. Although applying omni-channel strategies can be difficult under regional and federal regulations, cannabis retailers can still learn.. READ MORE »
Despite being fairly young, the Cannabis Industry is heavily regulated—with strict laws and guidelines influencing how these cannabis products are made, sold, and distributed. Cannabis promotion laws can be overwhelming, but it’s incredibly important to carefully inspect the points outlined in the Cannabis Act. In this context, “promote” is understood as the “means to make … a representation” of a thing or service with the intent of selling it—likely influencing beliefs and behaviours about this item. With that in mind, we will explore some key cannabis advertising laws here, providing a brief overview of some principle recommendations and prohibitions. Understanding.. READ MORE »
Legal cannabis in Canada is booming. In fact, Statistics Canada reported cannabis sales reaching an all-time monthly high nationally, at just over $270 million in October of 2020. Given the rapid financial growth of the Canadian cannabis industry since it was legalized nationwide in October 2018, retail businesses selling cannabis need to manage their finances expertly. With this in mind, those hoping to enter cannabis retail must ensure accounting best practices are in place. With the national cannabis industry continuing to grow, any retail business selling cannabis products should always prioritize their long-term financial sustainability, and how to build a.. READ MORE »
Grinding cannabis is important and allows for even burning. If you want to apply for a cannabis retail licence, read on to learn more about cannabis grinding!
January 22, 2019 was a big day for retail cannabis in Ontario. That was the deadline for municipalities across the province to inform the Alcohol and Gaming Commission of Ontario (AGCO) whether they would opt in or out of allowing cannabis retail stores in their communities. For anyone who wants to become a cannabis retailer in Ontario, it is important to understand how the municipal opt-in/opt-out system works and what it means for the future of retail cannabis in the province. Opt-In Municipalities Offer a Welcoming Environment to Become a Cannabis Retailer The good news is that an overwhelming majority.. READ MORE »