January 1, 2018… the date everyone in the industry was waiting and waiting and waiting on has become somewhat of the boogie man. Not everyone understands it. How does it look? How does it feel? What does it mean for me and my business? For the purpose of our discussion, January 1 should be interpreted as the date your business enters into the state-regulated market.
With the new year comes new regulations, and with that, a whole new set of obstacles in remaining compliant.
A few days before the company’s big showing at the MJBizCon, Treez CEO John Yang sat down with the Marijuana Retail Reportfor an extensive interview about how his small business experience combined with years as an Accenture consultant in creating Treez; the pain points Treez solves for the cannabis industry; and how dispensaries are serving thousands of customers per day with Treez POS software.
“How important is time,” I wondered to myself the other day, twiddling my thumb while waiting in an elongated line at a Bay Area-based dispensary mid-day. I watched in angst as ten or so new patients scrambled to fill out first-time patient forms anxiously.
Our industry is changing fast. Margins in the cannabis retail world are shrinking and they will continue to do so**. As supply goes up and prices go down, operators who aren’t actively changing their business practices right now are in danger of getting plowed under when people with more money and better systems make a land grab in their territory. Survival, for most, is going to depend on tightening up or replacing antiquated systems and getting a new set of tools. So, let’s look at three things you can put in place today, that can help you future-proof your business for tomorrow.