Effectively managing inventory is a cornerstone of a successful business; the cannabis industry is no exception. A robust inventory management system can significantly improve compliance, streamline operations, and maximize profits in a constantly evolving world subject to strict regulations. In this article, we will delve into the importance of inventory management for your cannabis business...
This article originally appeared here. Artificial Intelligence (AI) can be defined as getting a computer to think and act like a human. According to Grandview Research, the current AI market is valued at $93.53 billion and is projected to grow to $997 billion in 2028 (Research, 2021). Likewise, the current valuation for the legal cannabis market is $13.5 billion and...
The cannabis industry is going through some rough times. In conjunction with maintaining a healthy balance sheet through layoffs, cannabis companies deal with DEI initiatives. According to Business Insider, 50% of companies need more resources to make these initiatives work. There’s fierce debate on whether these programs work. On the one hand, c-levels in the cannabis...
Weedmaps. Dutchie. Blaze. Flowhub. Trulieve. These are just a handful of cannabis industry companies that have laid off workers due to the changing business climate. Only a few short years ago, these companies could do no wrong. Happy employees post on socials about “what an honor it is to work for XYZ cannabis company,” only...
In 2023, cannabis companies will struggle to turn a profit. There are many reasons for this, including the fact that marijuana is still illegal at the federal level in the United States, which limits the ability of these companies to access traditional forms of financing. In addition, many states have implemented strict regulations on the...
Ten ways that AI is transforming the cannabis industry: Personalized product recommendations: AI can analyze customer data and make personalized product recommendations based on past purchases and browsing history. This recommendation helps improve the customer experience and can improve sales, average order value, and customer experience. For example, a customer who regularly purchases Indica...
Press Release Mary Jane Menu seeks to empower women in the cannabis and tech industries where there is a significant dearth of female representation and upend how cannabis online ordering happens. TAMPA, Fla., Aug. 16, 2022 /PRNewswire/ — Standard Insights https://standardinsights.io/, an AI as a Service analytics and marketing platform, backs the development of Mary Jane Menu (MJM) https://maryjanemenu.com/,...
