The cannabis industry is heavily regulated, meaning that entrepreneurs must abide by specific rules and conditions to set up their dispensaries. These strict regulations extend to marketing initiatives. Marketing a cannabis dispensary under heavy regulations can be a challenge, but it is still possible. When starting your business, be sure to develop solid marketing strategies that meet the guidelines under the Cannabis Act. Here’s a closer look at some of the ways you can bring more customers to your dispensary. Understanding and Abiding by Marketing Regulations First and foremost, you’ll need to have a solid understanding of the marketing regulations.. READ MORE »
Just as grocery stores, retailers, and all kinds of other businesses must take regular stock of their inventory, cannabis dispensary operators must also keep careful track of what exactly remains in store, and how much more product will be needed to meet customer demand. The cannabis industry takes the practice a complicated step further, however, with a priority placed on compliance with strict regulatory oversight in order to avoid fines, license suspensions or revocations, and other possible legal repercussions. To understand more on what a dispensary can do to improve the tracking and management of its inventory, let’s explore the.. READ MORE »
For students studying cannabis and its production, learning about cannabis retail compliance is among the most important aspects of the program. One of the first things students in cannabis programs should learn about is how the rules are set out for labeling and packaging. There are a multitude of nuances for how cannabis can be correctly packaged and labelled in Canada, and the compliance regulations for retailers can vary between each province, since the federal government has left much of that responsibility to individual provinces and their jurisdictions. However, the Cannabis Act outlines that this duty is shared between provincial.. 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 »
Just as craft beer has grown in popularity in recent years, craft cannabis could be about to transform the legal cannabis market. Craft cannabis—which is cannabis grown by small-scale producers—has a dedicated following in Canada, with proponents contending that it provides a more high-quality product. If you’re looking to get into the cannabis industry, then craft cannabis could be a potentially lucrative opportunity. Here’s a look at what craft cannabis is, what benefits it has over other types of cannabis, and how you can get involved with this exciting movement. Health Canada Regulations Determine What Counts as Craft Cannabis While.. READ MORE »
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 »
