Daily volume on 4/20 at dispensaries using Treez equates to $1B annually.
April 23, 2018 – Oakland, CA – April 20th is the cannabis industry’s biggest day, bringing with it both a major spike in sales and a major test for cannabis systems to get customers through dispensary lines and on their way. TREEZ, which provides the point of sale (POS) software that powers many of the largest dispensaries in the country, processed a daily volume on 4/20 that equates to an annualized sales volume of over $1 Billion.
“Treez had a massive 4/20 this year, processing 8x the number of transactions and 8.5x the dollar volume of a year ago, with dispensaries we power averaging $50,000 in sales, and processing as high as 1500 tickets,” said Treez CEO John Yang, adding that “long-term clients were up 60% year-over-year, and uptimes were 99.9%.”
Treez’ customers average $6 million in annual sales, an estimated four-times the size of the average retailer in the U.S., and an estimated 25% of retail volume processed in California runs through dispensaries signed with Treez. Yang says TREEZ efficiency-focused technology is designed to allow dispensaries “to handle multiple locations and process over 1,000 daily transactions with ease.”
“Dispensaries don’t just choose us for increased speed,” Yang continued, “they want better solutions for high volumes, workflow, analytics, reporting, and compliance than they’ve found elsewhere, on a platform that’s stable even on the biggest days of the year. As one client recently told us, “The others are like one slice of pizza, but you are the whole pie.”
About Treez Software
Treez retail management software is the POS solution of choice for many of the largest dispensaries in the U.S. TREEZ, based in California, is an enterprise-quality software platform that will enable your business to scale exponentially while providing both productivity and compliance solutions to meet your needs. Treez’ enterprise offering allows owners with multiple shops to run across time zone at extreme volume with documented uptimes over 99.9%. Treez is also METRC certified. Learn more at www.treez.io