Opening a retail store in the cannabis industry is unique when compared to most industries. The UX and UI are primary factors in making a purchasing decision in most industries. However, cannabis business owners need dispensary software that is user-friendly and rich in compliance features to avoid the risk of losing their license.
A dispensary POS system is the core of your retail operation, so choosing a platform that takes care of your compliance needs and improves your customer and employee experience is essential to standing out in a crowded marketplace.
5 Dispensary Software Features for a Better Retail Experience
Regulatory System Integration
The most important feature of any dispensary software is its ability to integrate into your state regulatory systems. Common regulatory systems include Metrc, BioTrackTHC, Health Canada, and BioMauris.
Without these integrations in place, businesses are forced to double enter their data into the state system and their system. This is a huge risk to take because the opportunity for data-entry errors is increased exponentially. This could eventually lead to businesses losing their licenses for failing to maintain compliance.
Real-Time Inventory Tracking
Real-time inventory management allows you to record your sales and purchases of inventory instantaneously. This allows you to stay updated with the most accurate key performance indicators (KPIs) in your business. Additionally, it enables your dispensary to react to changes in the supply chain quickly.
Customers sit at the core of every good cannabis business model. In such a saturated market, dispensaries marketing can give you an edge. Stand out by providing loyalty programs to active customers to increase brand loyalty. Equipping your store with dispensary software that can seamlessly handle targeted campaigns and customer segmentation can set you apart from your competition.
Most businesses have started to make the change from on-premises to cloud hosting, and for good reasons. Cloud hosting is flexible, agile, and cost-effective. While in-house hosting allows you to control the location of your data, the ongoing support, and maintenance costs quickly pile up. Having a dispensary software in place that hosts your data in the cloud can be a huge advantage.
Instead of spending an enormous amount of time compiling your data into spreadsheets to analyze, there are dispensary management systems that can quickly transform your data into consumable reports and dashboards that give your management team a high-level overview of your most important statistics. This will allow you to make informed decisions quickly while using your time to focus on what really matters, growing your business.
Demo Essential Dispensary Software Features
If you’re in the market for a dispensary management system that comes equipped with all the features mentioned above and more, 365 Cannabis is a platform that is seriously worth considering.
The platform has advanced functionality and contains the tools needed to scale your business into a neighborhood favorite. No matter how your business evolves, 365 Cannabis is a platform that can scale with you.
Equip your dispensary with a cannabis ERP system that is a cut above the rest. Request a demo with 365 Cannabis today.