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Rising Tide of Cancelled Licenses Threatens Canadian Cannabis Retail Profits

Rising Tide of Cancelled Licenses Threatens Canadian Cannabis Retail Profits

by Shabnam Ghorashi | Apr 23, 2024 | News

The Canadian cannabis industry is facing a double-edged sword. While the number of federal cannabis business licenses issued continues to grow, a significant portion are being revoked at an alarming rate. This trend, coupled with increasing “uncollectable”...
Ontario Cannabis Market Boom: Preparing Your Retail Business for the Crackdown on Illegal Sales

Ontario Cannabis Market Boom: Preparing Your Retail Business for the Crackdown on Illegal Sales

by Shabnam Ghorashi | Apr 17, 2024 | Business Guides, News

The Ontario cannabis market is poised for significant growth, with the provincial government expecting a windfall of CA$600 million next year. This surge, driven by legal cannabis sales and excise tax revenue, presents a golden opportunity for licensed cannabis...
2024 Cannabis Product Powerhouse: Flower Reigns, But Diversification is Key

2024 Cannabis Product Powerhouse: Flower Reigns, But Diversification is Key

by Shabnam Ghorashi | Mar 20, 2024 | Business Guides, News

In the ever-evolving cannabis market, staying ahead of customer preferences is crucial for cannabis stores’ success. While maximizing profitability is naturally a priority, stocking products that resonate with your clientele is equally important. We already...
Canadian Cannabis Industry Faces Tax Trouble: Unpaid Dues and Divided Reactions

Canadian Cannabis Industry Faces Tax Trouble: Unpaid Dues and Divided Reactions

by Shabnam Ghorashi | Mar 18, 2024 | Business Guides, News

The Canadian cannabis industry, while experiencing significant growth, is grappling with a rising issue: unpaid taxes. A recent report by MJBizDaily highlights a 72% increase in unpaid excise tax by licensed producers, reaching nearly CA$300 million as of December...
Don’t Get High and Dry: How TechPOS Can Propel Your Cannabis Retail Success

Don’t Get High and Dry: How TechPOS Can Propel Your Cannabis Retail Success

by Shabnam Ghorashi | Feb 20, 2024 | Business Guides

The Canadian cannabis retail landscape is a fertile ground for opportunity, but navigating its complexities can be a daunting task. Competition is fierce, regulations are stringent, and customer expectations are high. One wrong move, and your dreams of a thriving...
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