Retail

In the cannabis industry, no day is more anticipated than April 20, or “4/20” in the vernacular. Often referred to as the industry’s “high holy day” or unofficial holiday, companies and individuals mark the day with product launches, promotional offers, and community events. Legal businesses seize opportunities to drive sales and create goodwill, making the period leading up to the “holiday” an ideal indicator of sales trends and challenges. What will customers seek this year? How can you stock those products in… Read more.

In this rapidly evolving market, the interior design of a dispensary does more than merely showcase products; it also offers customers a unique and memorable experience that truly resonates. Just like in any other retail sector, some stores perform well while others achieve greatness. To fully grasp what it takes to excel in retailing, we spoke with some of the industry’s leading designers and architects. They revealed the numerous elements that transform a dispensary from a mere shopping location into a compelling… Read more.

It’s winter time and that means the days are short, dark and cold, and your skin is in need of some extra TLC to help combat the dryness that arctic temperatures can bring. During this time of the year, it’s important to switch up your skin routine to incorporate moisturizers that are thicker in texture to help coat any skin that may get exposed to the cold. Cannabis creams offer a way to hydrate, combined with the plant’s therapeutic effects… Read more.

If marijuana is moved from Schedule 1 to Schedule 3 of the Controlled Substances Act, that would expand both access and product selection for medical marijuana patients. But rescheduling likely wouldn’t impact how state-regulated MMJ dispensaries operate. “Schedule 3 allows essentially a new pathway for cannabis to be in the marketplace, which is through an FDA-approved drug channel,” said Amy Rubenstein, a partner with the international law firm Dentons. Pharma pipeline Rubenstein explained that moving marijuana to Schedule 3 would make it… Read more.

As the holiday season approaches, retailers must strategically prepare to capitalize on the most festive time of year. Looking back at last year’s holiday cannabis sales, we witnessed an undeniable trend in consumption: The top-selling products included a mix of top-shelf and classic flower strains, 1g distillate cartridges, and indica gummies. The demand for these products soared during the holidays, leading to a remarkable 34-percent increase in average basket size during the week of Thanksgiving and an 11-percent increase in… Read more.

In nearly every state, the trend is the same: As cannabis products are introduced to a newbie consumer market, flower sales start off strong before extracts and edibles slowly but surely start grabbing a bigger piece of the pie. That said, flower still reigns supreme in every state. Its market share may have decreased over time, but the amount of money consumers spend on flower has increased every year. Total flower sales in 2022 were just over $14 billion, according… Read more.