Industry Insights

The cannabis industry stands at the precipice of a transformative era, but the echoes of prohibition persist. In their comprehensive report, “Cannabis Trends in 2023: Products, Consumers, and the Impact of Prohibition on the Industry,” New Frontier Data uncovers the profound influence of prohibition that still resonates today. Join us as we explore the latest…

Stepping into the cannabis ring with a powerful tag-team alliance, wrestling legend Hulk Hogan has joined forces with Carma HoldCo, the company behind Mike Tyson’s “Tyson Ranch 2.0” and Ric Flair’s “Ric Flair Drip” cannabis lines. However, the Hulkster’s new venture transcends the realm of CBD and THC products by incorporating the inclusion of “functional…

The latest survey data compiled by New Frontier Data brings promising insights for smoke shop and dispensary owners in the United States. It turns out that the majority of consumers in jurisdictions where adult-use cannabis is legal prefer obtaining their marijuana from brick-and-mortar retailers. According to the survey, an impressive 52 percent of respondents reported…

A specific provision in the bipartisan marijuana banking bill is raising concerns among a Democratic senator, key federal officials, and consumer advocacy groups. They argue that this provision could inadvertently limit regulators’ ability to take action against individuals exploiting banking services. As reported by Marijuana Moment, during a recent Senate Banking Committee hearing, Senator Jack…

In today’s health-conscious world, meeting consumer demands for high-quality edibles infused with CBD and THC can be a rewarding yet challenging task for smoke shop retailers. A recent global survey highlights the importance of product efficacy, proven claims, and health benefits in motivating consumer purchasing decisions. Having a closer look at which specific health claims…

When it comes to promoting your brand and products, there are many different tactics you can use. While working with social media influencers is a popular approach, there are several reasons why advertising in respected B2B industry publications like HQ Magazine can be a more effective and engaging way to get your message across. One…

As a retailer selling kratom and hemp-based products such as CBD and other unique cannabinoids, you know that your customers rely on you to provide safe and high-quality products. That’s why you should prioritize GMP-certified products, which provide transparency, safety, consistency, quality, disclosure, and customer well-being. What is GMP? GMP stands for Good Manufacturing Practices,…

As a smoke shop retailer, you’re no stranger to the concept of money – after all, you handle cash and credit card transactions every day. But have you considered the power of social currency? In today’s digital age, social currency is an increasingly important factor in building a successful business. And while the internet plays…

Imagine you are a smoke shop owner in a city that has strict zoning regulations. Your shop is forced to locate in an industrial zone, far away from residential areas, schools, and parks. However, you’ve noticed that many of your customers are coming from nearby neighborhoods, and you believe that opening a second location in…

As a smoke shop retailer, your main goal is to make your customers happy while also running a successful business. However, the question of whether the customer always comes first is a complex one that requires careful consideration. In this blog post, we’ll explore both sides of the debate and provide examples to help you…