3 Assumptions About the Cannabis Retail Business Canada’s cannabis retail market is maturing fast, and thousands of new dispensary owners are entering the space with high expectations and common misconceptions. Before opening a cannabis store in Canada,...
According to the most recent Canadian Cannabis Survey from 2022, 61 percent of consumers now routinely buy from licensed stores. However, oversupply and inflation are making it difficult for some stores to remain profitable. Cannabis retailers can survive current...
In late 2022, the Economist reported that “a global recession is inevitable in 2023” because “[t]he world is reeling from shocks in geopolitics, energy, and economics.” Of course, a small cannabis retailer can’t begin to tackle global...
Small independent cannabis retailers in Canada face mounting competitive pressure from larger chains, high inflation, price wars, and market over-saturation. Despite these challenges, small dispensaries can compete and thrive by adopting a focused business strategy...
