A Cannabis POS System Helps Your Business Grow
Running a successful cannabis business takes planning, as well as investment, in the right equipment. With a powerful point of sale system, you can track your sales, manage your staff, control your inventory, and grow your business. With the selling of marijuana, there are added responsibilities for a merchant. A reliable POS is necessary to ensure your company runs as smoothly as possible. In this blog post, I will be sharing the multitude of ways a POS system can help your company thrive!
Track Your Sales
First, staying on top of what you are selling and how much is extremely important. A point of sale system can keep you informed on profit, top selling items, and the seasonal trends. Traditionally, these things can take a lot of time. With the proper equipment, these tasks can be done with ease.
Another bonus of a POS is the ability to add and change discounts easily. They can be automatically applied at checkout, even if you forget. Also, customer loyalty can be managed effortlessly. If someone has a card or rewards with you, they can be found quickly. Not only will you and your team appreciate this, but so will your shoppers!
Manage Your Staff
One of the major burdens of owning a business is staying on top of employee hours. If done on paper, it is difficult to remember and harder to change. With a POS, workers can clock in and out with no time wasted. If they need to request time off, it can be done within the application as well. Instead of writing it down, all of the information is accessible in one place. Overall, the task of scheduling can be done comfortably.
Control Your Inventory
Keeping track of your inventory can be time and energy consuming. If you do it the traditional way, it can even be easier to lose count of what you have in stock. It is vital that you do not have empty shelves. Due to recent issues with supply chain distribution, a merchant must be on top of placing orders for products. If a store falls behind, it could lead to shoppers finding another place to purchase from.
Furthermore, a store with cannabis requires extra attention to keep up with it. There is a wide variety of products containing marijuana. Employees could easily forget what needs to be replaced. Customers are very loyal to their brands and specific goods. Therefore, a shop needs to have what people are looking for.
With the correct point of sale system, all of this could be automatically done for you. Counting the items yourself is no longer necessary. Products do not need to be out on the shelves for you to stay informed on what you have. It is possible to set up reminders to place orders when certain items are low. With all of these precautions, your store is on its way to seeing great improvements! The time and energy you will save can be allocated elsewhere.
The Right POS System
The special nature of cannabis means that you also need your point of sale system to help you stay compliant with state regulations. In Oklahoma, for example, dispensaries are required to post inventory receipts and sales information to a state mandated tracking system run by Metrc. Metrc is a software company that specializes in “seed to sale” marijuana tracking.
It’s critical that your POS system has regulatory software built into it, to assist you with running your cannabis business properly. MyBud will make sure you have the tools you need to receive inventory and post your required sales information automatically to Metrc.
Conclusion
Throughout this blog, I shared a handful of ways that a POS can benefit a store with cannabis. As mentioned, it can significantly improve the everyday flow of a business. Many things that traditionally cause stress can be made much easier! With the added regulations of weed, it is a great time to make the transition to a point of sale system. I hope the advice given in this post will help you kickstart to a brighter future!
