In the fast-growing cannabis retail industry, boosting cannabis store profitability requires more than just increasing foot traffic. It’s about maximizing the value of every sale. By strategically increasing the average invoice (or basket size) and improving margins,...
The cannabis retail scene in Canada is booming, but not every store is hitting the jackpot. What sets the high-flyers apart from the rest? It’s not just about having top-notch products—it’s about crafting a business strategy that pulls in customers, boosts sales, and...
SNDL, a prominent player in the Canadian cannabis industry, has made significant strides in consolidating its market position. Recent strategic moves, including the debt of Delta 9 Cannabis and the outright purchase of Indiva, signal a concerted effort to expand its...
The Ontario Cannabis Store (OCS) is undergoing a significant transformation that will have far-reaching implications for cannabis retailers across the province. As the OCS addresses challenges related to product overstock and limited warehouse space, retailers must...
Cannabis oil, a concentrated form of cannabis containing cannabinoids like THC and CBD, has become increasingly popular in Canada since its legalization for recreational use in 2018. For many users, it offers a convenient and measured way to consume cannabis. However,...
Cannabis enthusiasts in Ontario have reason to celebrate! The Ontario Cannabis Store (OCS) recently announced a policy change allowing farm-gate stores to sell exclusive cannabis products. This move marks a significant shift in the provincial cannabis retail...
Manitoba is poised to join the growing number of Canadian provinces that allow adults to grow cannabis at home. This move comes after years of prohibition, making Manitoba and Quebec the only two provinces to have banned homegrown cannabis. The federal Cannabis Act,...
Canada’s cannabis industry has been a poster child for post-legalization success. Since its legalization in 2018, the market has experienced explosive growth. However, recent data suggests a potential shift. While February 2024 saw a 1.7% increase in sales...
Every cannabis retailer knows peak days can be a goldmine. But unreliable POS systems can turn that golden opportunity into a frustrating nightmare. Disgruntled customers facing frozen screens and halted transactions translate to lost sales and a damaged reputation....
Canada’s cannabis market is booming, but with competition heating up, smart strategies are crucial for maximizing profits and standing out. This guide explores key cannabis retail strategies Canadian retailers can leverage in 2024 to cultivate a flourishing...
