16291 members
Login

How to Choose a POS System for Your Dispensary

There are many factors to consider about opening a dispensary, but certainly one of the biggest is about how to choose a Point Of Sale (POS) system.

How to Choose a Point of Sale System for your Dispensary

As the cannabis industry emerges with legalization and policy changes, so does the market for cannabis dispensaries and retail outlets. There are many factors to consider about opening a dispensary, but certainly one of the biggest is about how to choose a Point Of Sale (POS) system.

With 29 states allowing the use of medical marijuana, 8 of them permitting its recreational use, and solid cross-party political support for these new laws continuing to grow, it is likely only a matter of time before you can purchase marijuana as quickly and easily as you can pick up a bottle of aspirin at the corner market.

Although the usage of cannabis has increasingly become socially acceptable, potential dispensary/retail outlet owners must always bear in mind that their industry must operate under a number of guidelines, strictures, and laws that set their business apart from more typical retail operations in terms of the tools and skillset an owner must possess in order to achieve success.

A POS system can make or break your business...depending on what system you choose, it could wreck your business or help you grow your company. It's almost like choosing POS is like choosing a new partner...you’ll have to married to it for a while. Before making decision, you should look at all the options, as each brand has their pros and cons. Things to consider include product design and user experience, features that keep compliant, reliability and stability, whether it will be cloud-based or locally hosted, the ease of inventory processing with the system, how easily it will integrate with other systems, and the cost of ownership.

Cova has created a unique ebook that explains all of these items in greater detail, and offers incredibly helpful suggestions for companies who are ether in or considering joining the cannabis retail market. The guide goes into great detail about several points to consider with a POS system, included those listed above. You can learn more about this and download the free ebook guide here.

false