Cannabis retail is a rapidly growing industry across North America. For business owners, this presents new opportunities – and challenges – to tap into an expanding consumer base. Navigating a new market requires an understanding of the current demand and regulations that surround it. From there, businesses need to develop effective strategies to market and streamline their operations. These days, there are numerous tools and technologies that you can incorporate to maximize your profits. Businesses can no longer simply rely on in-store purchases. Instead, an omnichannel sales approach is the key to success. By employing some top cannabis profit strategies,.. READ MORE »
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 »
Since the legalization of cannabis in Canada, various retailers have been able to sell cannabis and other related products in licensed stores and online. However, the industry is still relatively young and constantly evolving—and some of these changes come with opportunities for growth. Farmgate ROL is becoming an increasingly popular topic within the cannabis industry, particularly since some retailers are interested in adopting this method as a new distribution model. That said, the future of this new model depends on the development of new legal frameworks and regulations. Here’s an in-depth overview of what a Farmgate ROL is about for.. 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. Learning.. READ MORE »
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 Marketing Regulations to Abide by Them First and foremost, you’ll need to have a solid understanding of the marketing.. READ MORE »
As a professional having received in-depth training, there are many different sectors within the cannabis industry in which you can find a career. For many who receive certification, their career brings them to a cannabis retail store. Within this setting, it’s possible that customers or clients will inquire on proper cannabis storing methods. As an industry professional, you should be aware that cannabis products need to be kept in certain conditions, both for safety and preservation. There are established ways of storing a cannabis product to ensure it is safe from children and pets, and that help it last longer.. READ MORE »
Since cannabis was first legalized in Canada in 2018, the nation has rapidly progressed within the industry. The country has become renowned and admired internationally for having one of the largest and most well-developed cannabis markets in the world. Yet the rules and regulations surrounding the importation and exportation of cannabis products are often confusing to both individual consumers and commercial retailers. The Cannabis Act was established by the Canadian government in 2018, for the purpose of controlling the country’s distribution, production, and sales of cannabis from a regulatory and legal standpoint. To understand more about these regulations overseen by.. 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 »
Recreational cannabis became legal for sale on October 17, 2018 in Canada under the Cannabis Act. The very short time that has passed since legalization means that the industry is still improving, developing, and undergoing changes. With Cannabis 2.0 ramping up into 2020 and products like edibles and beverages becoming available, even more changes are on the horizon. Apart from changes within the industry itself, individual career trajectories, management strategies, and learning curves are also in flux. This makes the cannabis industry an exciting and stimulating professional path, but can also present some challenges. When confronting change in the workplace,.. READ MORE »
