Cannabis

In recent years, the cannabis industry has experienced significant growth, particularly with the legalization of medicinal and recreational cannabis in numerous states across the United States and in other countries around the world. As a result, entrepreneurs and investors are increasingly keen on exploring opportunities within this burgeoning sector, one of which includes opening a […]

March is a time to celebrate and acknowledge the contributions of women throughout history. The world of cannabis is no exception. This month, we pay tribute to the women who have made impactful strides in the cannabis industry. Introduction Women’s History Month provides an opportunity to highlight the often-overlooked roles women have played in the […]

The legalization of cannabis across numerous U.S states has led to an expanding market, opening doors for many lucrative business opportunities. However, as the sector grows, so does the need for effective cannabis payment processors, like PayRio. This article explores the leading cannabis payment trends in 2024, providing insights for dispensary owners to streamline their […]

The cannabis industry’s growth has been stymied by various challenges, notably in payment processing. Traditional banking institutions often hesitate to serve cannabis-related businesses due to federal regulations, despite the increasing legalization of cannabis at the state level. This has resulted in an industry that operates primarily on cash transactions, posing significant operational and security issues. […]

According to an analysis conducted by the multinational investment firm, TD Cowen, the cannabis industry is showing remarkable growth and competitiveness against the alcohol market. This growth is projected to continue over the next five years, with an estimated addition of 20 million regular cannabis consumers. Meanwhile, the alcohol industry is predicted to lose around […]

The cannabis industry is often perceived as a goldmine for tax revenue. However, the taxation structure and rates are far from straightforward, with a labyrinth of complex tax laws and regulations that vary by state and locality. This article aims to provide a comprehensive guide on understanding and calculating cannabis taxes, enabling both consumers and […]

Green Wednesday, Thanksgiving, and Black Friday are approaching, and for the cannabis industry, these three events present a tremendous opportunity to maximize revenue. In fact, Green Wednesday and Black Friday have been identified as the third and fourth biggest sales days in the US, surpassing even popular cannabis holidays like 420 and 710. To help […]

The cannabis industry’s growth is no secret. However, it isn’t just the dispensaries that are cashing in on this green rush. In fact, some ancillary businesses have been thriving in the shadows of their dispensary counterparts. Two of these are the cannabis seed and hemp industries. The Phenomenon of Cannabis Seed Demand With the increasing […]

Introduction Halloween presents a unique opportunity for marijuana dispensaries to attract customers and boost sales. By embracing the holiday spirit and creating a one-of-a-kind customer experience, cannabis retailers can capitalize on the Halloween craze and keep their clientele coming back for more. In this comprehensive guide, we will explore various strategies and tactics that dispensaries […]

In the fiercely competitive cannabis industry, customer retention is as crucial as customer acquisition. Loyalty programs, known for being a key element of marketing strategies in various industries, can prove to be a game-changer in this domain as well. PayRio, in partnership with SumUp, is set to revolutionize the cannabis dispensary landscape by introducing its […]

As the cannabis market matures and consolidates, dispensaries must evolve to keep up with emerging ecommerce platforms, such as delivery services. While setting up a delivery service may seem like a daunting task, it can be a game-changer for dispensaries that aim to boost sales without overcrowding their physical locations. In this guide, we’ll break […]

LinkedIn has emerged as an invaluable tool for businesses in every sector. For dispensaries in the cannabis industry, it’s more than just a social platform; it’s a lifeline. Navigating the complexities of digital marketing for cannabis products can be daunting, with many traditional channels imposing strict restrictions. However, LinkedIn has proven to be a more […]