Up until a few months ago, the cannabis industry was primarily fueled by brick-and-mortar retail sales. Although relying on physical foot traffic was arguably not the most modern approach to drive sales, retailers and brands were often encumbered by strict delivery or online marketing regulations and needed physical storefronts to educate customers about their products and services. These industry idiosyncrasies were upended nearly overnight when COVID-19 forced dispensaries across the country to move their operations online. By now, most retailers have successfully transitioned to e-commerce platforms and are embracing new tech-driven solutions to engage with potential customers. By forcing retailers and brands to move online, the pandemic has fortuitously pressured the industry to face key obstacles to growth head-on and find inventive ways to boost sales.
In recent months, cannabis tech companies including Jane Technologies and Enlighten have bolstered this digital boom by unveiling new tools to streamline the retail industry and help both brands and dispensaries maximize their resources. This week, Jane Technologies launched its Brand Portal and Digital Merchandising modules designed to deepen brand relationships with consumers while promoting local dispensary sales.
– Read the entire article at Forbes.