Over the past few months, California’s Bureau of Cannabis Control (BCC) has been issuing annual licenses to industry operators throughout the supply chain. This means a couple of things:
The key to maintaining a healthy, thriving dispensary is not only knowing what questions you need to answer about your business, but also understanding how to use those results to drive your profitability and productivity forward. Asking the right questions will help you understand where your strengths and best opportunities for growth lie, as well as identifying which processes might need a little improvement.
Everybody knows 420 is the biggest day of the year in cannabis, right? Wrong. This year, Hall of Flowers, the nation’s largest brand expo, blew it out of the water. So how did the holiest of high holidays take a back seat to the brand event people are calling the Cannes of Cannabis? We’ll let the numbers do the talking.
This years 4/20 is being touted as the biggest potential day for cannabis retail ever! In fact, some projections are even soaring as high as a 150% increase to sales on select product types during the big day. And with expectations of even more customer volume than last year, it’s more important than ever for your dispensary staff to be operating like a well-oiled machine.
Back in January of last year, California’s cannabis industry braced themselves as METRC’s 6-month emergency regulations took effect. Then, as July 1st neared, and the introductory window came to a close, the industry held their breath in anticipation of the state’s track and trace system (CCTT) coming online in full force. But instead of awarding operators with their permanent annual licenses as expected, the state decided to issue blanket extensions to all temporary license holders instead — and did this repeatedly until the end of 2018.
It’s hard to believe that it’s already been over a month since MJBizCon ended. For Treez, the conference presented an incredible opportunity to connect with like-minded peers, chat 1:1 with current and prospective customers, and showcase the cutting-edge products we have slated for release in early 2019. And while we were anticipating a positive outcome, we couldn’t have guessed just how amazing the response would be!
“Love thy customer.” We’ve all heard the same advice many times and many different ways, and at the center ring of our Treez trunk, we take this to heart — We obsess about our customers, and our customers’ customers. We designed some new features and workflows in our latest release to make it easier for dispensaries to help shoppers, and make the interaction less about a transaction and more about an amazing retail experience.
Who doesn’t love a good discount? Rewards, promotions, and specials are top-notch strategies proven to help your cannabis dispensary flourish. Believe it or not, despite lowering the cost of a sale, discounts can make customers happier, turn them into loyal visitors, and even increase spending overall! We know how much of an impact this can have on your retail business, which is why we’re so excited to announce some major updates to our discount functionality.
When John Yang, CEO and Co-Founder of Treez, sat down with Entrepreneur, he let his proverbial hair down and opened up about what ignited his spark for the cannabis industry; the importance of positive mental fortitude; and what it’s like to be a first-time ganjaprenuer.