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Posts Tagged: cannabis retail business

3 Technology Trends to Consider for Your Cannabis Retail Business

Businesses in Canada’s cannabis retail industry are looking for ways to streamline the sale and distribution of their products to meet growing consumer demand. Efficiency and professionalism are top priorities. To stay competitive, cannabis retail businesses are turning to technological solutions to boost their productivity and enhance the customer experience. By employing new technologies, businesses can cut costs, create a more cohesive distribution channel, and boost their sales.  Students with cannabis training will be able to apply their knowledge to devise new retail strategies and solutions in accordance with regulatory requirements. Let’s take a closer look at how technology is.. READ MORE »

Omni-channel Retailing Explained for Students Interested in the Cannabis Retail Business

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 »

5 Cannabis Accounting Tips for those with a Cannabis Retail Business

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 »

What Those with a Cannabis Distribution License Should Know About COVID-19

The coronavirus pandemic has changed the ways that consumers interact with cannabis. Between accommodating social distancing while purchasing cannabis products, changing the frequency with which they visit stores, and sharing research on cannabis’ interactions with the disease, there are several ways that cannabis culture is shifting.  Cannabis retail professionals are knowledgeable about retail management, inventory management, store design, and staff development. These adept experts are skilled at anticipating and managing retail problems, but the coronavirus may present problems beyond the scope of what these industry insiders are familiar with. Read on to educate yourself on the breadth of the ways.. READ MORE »

The Elements of a Business Plan for Cannabis Retail Businesses

There are a number of different career paths for students after graduating from a cannabis course. You could go on to work in quality assurance, product control, packaging, branding, and more. Or, if you have an entrepreneurial spirit, you could open your own cannabis retail business. As part of the program at AAPS, students will study Cannabis Business Management. This will teach them about: Operations management Marketing strategies Business plan development Financial plan development This means that graduates will leave ready with the know-how to write their own business plan. Read on to find out some of the major elements.. READ MORE »

Getting a Cannabis Retailer Licence? Here’s What to Know About Decarboxylation

While edibles are not currently sold in retail locations, they will be legally sold in Canada starting mid-December, 2019. Decarboxylation is the first step in making an edible item that uses cannabis. It is done by heating the product over a long period of time at a low temperature. Read on for more about decarboxylation! Decarboxylation Chemistry Explained for Students Who Want to Start a Cannabis Retail Business Decarboxylation converts THCA, which is not intoxicating, into THC, which is intoxicating. The chemical reaction changes it into an ingredient that has potency when added to food. Decarboxylation creates a chemical reaction.. READ MORE »

Learn More About the Cannabis Retail Management Training Course in our 16-Week Certificate Program

Ontario recently held a lottery to determine who would receive the first 25 licences to open cannabis retail stores. The results of the lottery, however, revealed a problem: many of the winners had little or no retail experience. Given that legal recreational cannabis is a very new industry, it’s not surprising that a lack of experience is a challenge. The lottery results, however, have thrown the seriousness of that problem into sharp relief. Part of the solution is providing people who want to get into the cannabis retail market high-quality training. That’s why AAPS created a new cannabis retail management.. READ MORE »