Industry Insights

MJBizCon 2023 will be my 2nd MJBizCon and my something-like-my-50th cannabis event. And trust me, I have some hard-earned advice and wisdom that I’d love to share with you to get the highest grade MJBizCon experience possible.

A recap of strategies that successful dispensaries employed to drive revenue growth. Insights from Embarc's journey and the power of Treez in optimizing operations.

Massachusetts operators need to make adjustments to their operating procedures and processes to regain growth and profitability. We believe there is still hope for them to succeed if they act quickly.

We categorized the cannabis retail markets of the United States and graded them on current market activity and future prospects.

Check out some vital metrics from the 4/20 holiday and what they show us about the cannabis market in general.

Hall of Flowers has literally been called the Coachella of cannabis. Treez powers the dispensary where buyers and connoisseurs pick up new and limited products.

Treez’s data shows that consumers are buying as frequently as they used to. But average order value is down about 15% in overall gross sales. Add that data to tepid predictions for the overall US economy and cautious consumer sentiment, and retailers will need real solutions to help them grow.

The market is still growing. Despite anxious predictions for the entire US consumer economy  as well as the cannabis industry specifically, two floors of exhibitors speaks to undeniable growth in the industry. Some booths were all fun, others all fluff, and even others all business. But we heard that as an attendee, it was hard to hit every booth desired. What do you think: Is it time to break MJBizCon up by sector yet?

In most other markets, retailers and brands are able to develop co-beneficial partnerships based on their ability to share information. Sephora, the world's leading specialty beauty retailer, shares point-of-sale and inventory details with supplier brands, allowing for vendor-managed inventory partnerships that save time and generate more profitability. Empowered by data, brands can control costs, grow market share, and increase sales at an influential retailer like Sephora. In the cannabis market today, there is an overload of communication around maintaining the buyer-brand relationship, but very little exchange of real-time data between retailers and brands.