Cannabis

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 […]

In the ever-evolving world of cannabis commerce, one aspect that often leaves customers puzzled is the etiquette surrounding tipping. Just like any other service industry, the cannabis sector is driven by experts who offer their in-depth knowledge to guide customers to the right products. These experts, the budtenders, deserve recognition for their service. With the […]

In this fiercely competitive cannabis market, nurturing customer loyalty has become a critical factor for the success of your dispensary. This guide provides valuable insights to help dispensaries cultivate customer loyalty and perpetuate the cycle of customer attraction and retention. Why Is Customer Attraction Essential for Your Dispensary? Attracting more customers to your cannabis dispensary […]

The cannabis industry is not your typical retail space. It is burdened by a diverse range of challenges, primarily due to the legal frameworks it must adhere to. Knowing when to change your business’s cannabis payment processing provider can be tricky. Within the cannabis industry, there are a multitude of businesses available to partner with. […]

As we all know, the cannabis industry in the United States is a rapidly growing market, as seen with the legal cannabis sector expected to reach jaw-dropping revenues by the end of 2023. This dramatic increase is driven by increasing legalization, changing societal attitudes, and the rising acceptance of cannabis for medicinal purposes. However, the […]