Dispensary POS Systems Statistics


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Dispensary Pos Systems Statistics 2023: Facts about Dispensary Pos Systems outlines the context of what’s happening in the tech world.

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Top Dispensary Pos Systems Statistics 2023

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Dispensary Pos Systems “Latest” Statistics

  • Akerna’s holdings include MJ Freeway, a provider of POS and other services that is used by 7% of retailers surveyed by Cannabiz Media.[1]
  • Although there are a record number of POS providers on the market right now, the top five businesses still service 61% of merchants.[1]
  • According to the Cannabiz Media report, the two businesses combined, Greenbits and LeafLogix, represent 25% of the cannabis POS industry.[1]
  • According to The Motley Fool, 21% the employment rate in the marijuana sector is expected to expand on average from 2018 to 2022.[2]
  • Republicans make up 54% of voters, and they believe that the federal government should make cannabis use and sales for adults legal.[2]
  • The demand for employment in the cannabis business reached a peak of 76% between December 2017 and 2018.[2]
  • When compared to other US industries, the average income for cannabis sector employees is 10.7% greater, according to FlowHub.[2]
  • The number of customers dropped by 50%, and wait times were noticeably shorter than usual.[3]
  • According to a 2017 estimate from Marijuana Business Magazine, shops spent between $30,000 and $40,000 on security systems, while growers might have paid up to $100,000 to safeguard their crop.[4]
  • In 2014, marijuana flower was 63% of all cannabis sales; most of which was unbranded.[5]
  • Worldwide consumer spending on legal cannabis is expected to jump 40%, according to Software Connect.[5]
  • Leaflink currently serve 30 markets across North America and account for 29% of the U.S wholesale cannabis commerce.[6]
  • 33% of customers who reside in states where marijuana usage is permitted recreationally use it to improve their experiences.[7]
  • According to 55% of Americans, cannabis should be legalized, regulated, and taxed similarly to alcohol and cigarettes.[7]
  • Leaflink, a wholesale platform that accounts for 90% of the world’s marijuana sales, reported a 48% increase in orders in March 2020.[7]
  • New delivery customer signups increased by roughly 60% in the 30 days after the national emergency was declared in March 2020, according to Eaze.[7]
  • According to Gallup, the percentage of U.S. adults who say they have tried marijuana is sitting at 49%, the highest measurement to date.[7]
  • 57% of cannabis users, according to Weedmaps, agree that everyone should have access to employment possibilities in the cannabis business and that everyone would profit from such equitable opportunities.[7]
  • Around 93% of American citizens support legalizing marijuana for medicinal use, according to a Quinnipiac University Poll.[7]
  • In 2018, medical marijuana accounted for 70.3% of all marijuana sales made legally in the US.[7]
  • In April of 2021, Pew Research Center found that 91% of US adults are on board with marijuana legalization, with 60% supporting medical and recreational, and 31% supporting just medical.[7]
  • New Frontier Data calculated the compound annual growth rate of the legal cannabis industry to be 11% between 2020 and 2030, ultimately putting the industry’s worth at more than $57 Billion by 2030.[7]
  • 54% of those surveyed said they have used marijuana for both recreational and medicinal purposes.[7]
  • The incidence of marijuana usage among those 50 and older increased by 71.4% between 2006 and 2013.[7]
  • Puerto Rico has 92,499 registered medical cannabis patients, which is almost 3% of the total population of the island.[7]
  • Since recreational marijuana use became legal, 34% of users in places where it is report drinking less alcohol.[7]
  • The illegal cannabis market in the U.S. is estimated to be worth more than $45 billion a year.[7]
  • The number of medical marijuana patients grew around 20%, with the state of Arizona registering 198,000 medical cannabis cardholders in 2018, compared to 162,708 in the year before.[7]

Also Read

How Useful is Dispensary Pos Systems

For starters, dispensary POS systems provide a centralized hub for all transactions, inventory management, and customer data. This makes it easier for dispensary owners to track sales, manage inventory levels, and keep an eye on which products are the most popular among customers. By having real-time access to this information, dispensary owners can make informed decisions about which products to stock and when to order more inventory.

Another key benefit of dispensary POS systems is their ability to ensure compliance with legal regulations. The cannabis industry is highly regulated, and dispensary owners are required to keep detailed records of all transactions and inventory. A POS system that is specifically designed for dispensaries can help automate this process, making it easier to generate reports for regulatory agencies and minimize the risk of compliance errors.

In addition to streamlining operations and ensuring compliance, dispensary POS systems also improve customer satisfaction. By providing a fast and efficient checkout experience, dispensary owners can keep customers coming back for more. POS systems can also integrate with loyalty programs and marketing campaigns, allowing dispensary owners to reward repeat customers and attract new ones.

Furthermore, dispensary POS systems can help reduce the risk of theft and fraud. By tracking every transaction and recording customer information, dispensary owners can minimize the risk of employee theft and other fraudulent activities. This level of transparency and accountability is crucial in an industry where cash transactions are common and compliance is key.

Overall, dispensary POS systems are an essential tool for any cannabis business looking to succeed in today’s competitive market. From streamlining operations and ensuring compliance to improving customer satisfaction and reducing the risk of theft, these systems offer a wide range of benefits that can help dispensaries thrive.

In conclusion, dispensary POS systems are not just useful – they are essential for any cannabis business looking to stay ahead of the competition. By investing in a reliable POS system, dispensary owners can streamline operations, ensure compliance, improve customer satisfaction, and ultimately increase their bottom line. So if you own a dispensary and are still relying on outdated methods for managing your business, now is the time to make the switch to a dispensary POS system. Your business and your customers will thank you for it.

Reference

  1. mjbizdaily – https://mjbizdaily.com/competition-heats-up-among-providers-of-cannabis-point-of-sale-software/
  2. financesonline – https://financesonline.com/cannabis-industry-statistics/
  3. greengrowthcpas – https://greengrowthcpas.com/drive-dispensary-revenue-by-analyzing-pos-data/
  4. indicaonline – https://indicaonline.com/blog/must-have-technology-solutions-for-dispensaries/
  5. softwareconnect – https://softwareconnect.com/dispensary-pos/
  6. supportone – https://supportone.us/dispensary-management-system-software/
  7. webinarcare – https://webinarcare.com/best-dispensary-pos-systems/dispensary-pos-systems-statistics/

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