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Serving the hospitality industry for over 20 years, we are your local one stop shop for all restaurant, bar, quick service and retail point-of-sale POS systems in Colorado. We will successfully implement any POS configuration imaginable for your unique business. As hospitality professionals, we are dedicated to anticipating and exceeding you and your customer’s needs.
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Blog Posts are Below:
Category Archives: Marijuana dispensary POS
Point Of Sale Systems For Marijuana Dispensaries In Colorado
How do point of sale systems for marijuana dispensaries work? As a cannabis retailer, you can make your life easy by installing a cannabis-specific POS system. Choosing the right technology can help your staff sell more efficiently and manage inventory accurately. It also helps your business stay up-to-date with compliance issues and record keeping. As a decision-maker of the cannabis business, you need to do a lot of thinking before picking a Point of Sale software. You need to check the features according to your business requirements and the tasks you perform.
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Things to Consider When Selecting Point Of Sale Systems For Marijuana Dispensaries
You need to find a mainstream POS system for your retail, which can help you in operating your dispensary. This system should simplify all the operations and tasks, assisting you in more profitable and efficient cannabis sales. Check below some essential criteria that can help you in deciding the right POS system of your marijuana dispensary.
1. Reliability & Offline Mode
You cannot neglect the reliability factor of a POS system. As per the Marijuana Business Factbook, cannabis retails, and medical dispensaries serve up to 100 customers every day, and recreational dispensaries serve even more. If you have a POS system that is not reliable, your business is at risk.
You should consider a system that can provide offline services. You need to consider this before purchasing or making a decision, as you cannot add this feature later. It is built-in and depends on the service provider. Also, you have to search if the company has any service disruption. Some companies do not provide services on busy days. If you have an offline system, it will benefit you when your Wi-Fi isn’t working. Your system will still be active.
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2. Looping Protections
In recent days, some dispensary chains shut down because they were engaging in looping. Looping is an unlawful method of purchasing above Colorado’s legal transaction limit of marijuana, and dispensaries should keep a watch on it. This law states that a person should not buy or possess more than 28 grams of cannabis in a transaction. Whereas in looping, customers purchase 28 grams, leave the counter, take a walk around the block, and then return to purchase marijuana again.
The local government takes this act seriously, and many of the marijuana dispensary chains, like Sweet Leaf, had to shut down due to looping. A sound POS system helps in guarding you against looping. The right POS system will track the customer’s daily transactions and highlight if the customer is back again to buy more than his/her lawful limit.
3. Auto-Compliance Features
Colorado is a model for legal cannabis in many different ways. The government is updating rules and regulations repeatedly because this is a new industry. However, due to such quick changes, business owners are likely to miss out on some updates. Many businesses feel difficulty in inventory and reporting compliance. The best POS system will help retailers with auto-compliance function to keep their businesses safe. You can get limit alerts on the daily purchase, sales restriction on outside operating hours, age verification while scanning the ID, and much more.
4. Ease of Integration with Other Systems
You need it to keep in mind that a POS system is not a complete solution for helping you run your dispensary. It is, however, an essential component. Your POS system will undoubtedly consist of various software and hardware components. You need to make sure that the system you are choosing can integrate with other technologies and services.
5. Management through Multiple Devices
Modern technologies must address the modern needs of today’s businesses. If you look at old POS systems, they worked only on the premises of the businesses. But what if you want to manage inventory or review a report from your phone or tablet? Does your POS system allow you to do that? If not, you need to look for one that offers compatibility with modern devices so you can manage things even on the go.
Point Of Sale Systems For Marijuana Dispensaries: Select The Best POS Company
Choosing the best POS service for your cannabis business is an essential step towards a better and well-organized business process. You cannot risk choosing the wrong system because errors and mishaps can attract fines and penalties in this industry. As a result, the government can even shut down your business.
At Smart POS, we provide companies from different industries with the best POS software and service. You can contact us at 303-309-1218 or know more about us by exploring our website.
Do Marijuana Dispensaries Need Special POS Systems?
Do marijuana dispensaries need special POS systems? There should be no doubt that each POS system is different from the other, because of the different business types, rules and employee policies. For example, a grocery might have flexible hours for the employees, taking turns at the payment counter. On the other hand, a hotel will have fixed shift hours for the employees. In a nutshell, it all depends on the nature of the business.
The question remains. Why do dispensaries require a personalized or as some call it, special POS system?
Before getting into those details, you should know all about a dispensary, its type, nature and products offered.
What Is A Marijuana Dispensary?
A cannabis dispensary provides people with different forms of cannabis derived medications. the dispensary must abide by the country or state’s laws and regulations, if it dispenses legal cannabis medications. While it may seem like just another ordinary retail store, a dispensary has stricter rules to follow and bigger responsibilities to fulfill. Any issues with inventory management can lead to people not getting the medications they need. It can prove to be a life threatening situation for people with serious medical conditions.
In short, a dispensary needs a robust Point of Sale system more than a retail store or any other type of business for that matter. In addition to the inventory management, your POS system should also provide you with detailed reports of the business sales. At the end of the day, a dispensary is also a business that needs money to run.
Healing people and harming no one is the goal. Let’s look into further explanation of why the POS system has to be special for a dispensary and what makes it different from others?
Why Does A Marijuana Dispensary Need A Special POS System?
There are three main reasons for a marijuana dispensary to have a unique POS system. Such as:
1. Patient’s Health At Risk
Dispensaries dispense medicines that can range from ordinary painkillers to life-saving drugs. For your dispensary, you need strict POS coding that makes sure that no customer gets medicine without prescription so you can avoid the risk of big mishaps. Also, dispensary POS systems save customer information. Consequently, the next time the same customers comes with a completely different prescription from before, the dispensary staff can investigate him/her before giving out the medicines.
2. Keeping A Strict Check On The Inventory
You never know about the intentions of employees working at the dispensary. Thus, a special POS system would record the quantity of the stock available. It compares the number of medicines sold to the quantity available in the inventory. If there is any unexplained difference, the company would know who to blame. Here, security cameras can also be of great help. By investigating such matters, you can maintain dispensary’s reputation.
3. Serving At Different Locations
A special POS system includes a central database server. This will allow the dispensary to serve at different locations and still have a time-to-time update of each store’s total sales. Such centralized database ensures that the area manager or the owner is always aware of how his/her dispensaries are performing despite having many of them.
Bottom Line
Are you unsure about whom to approach for a special POS system for your marijuana dispensary? Search no more. Check out Smart POS and get the best system for your business.
Call today for a quote:
SMARTER POS
Svend Bramsoe
Phone > 303-309-1218
Email > info@smarterpos.net
Top 5 Benefits of Using a PoS in a Dispensary
Operating a dispensary can be quite the challenge, especially if you’re achieving the common goal of making as many sales as possible. Any cannabis business that’s struggling to accommodate a heightened sales volume should strongly consider installing a Point-of-Sale (PoS) system to assist with taking orders, accounting, reporting, and other fundamental aspects of dispensary management. With that said, here are the top five benefits of using a PoS in a dispensary:
1. Making Life Easier for Your Budtenders and Customers
Budtenders can have a hard enough time trying to explain all the different strain qualities and effects to inquisitive and picky customers. There’s no need to overcomplicate things for them by forcing them to use a cash register, calculator, or any other semi-manual form of order taking. A touchscreen PoS is by far the easiest way for a budtender to take orders. Of course, a more efficient order process also benefits the customer as well.
2. Streamlined Accounting and Labeling
With a PoS, taking orders and accounting are practically the same step. When the order is added to the system it’s automatically tracked in the daily log, allowing for easy reporting and record keeping. Likewise, the PoS allows for instant label printing, giving customers a detailed description of the product on each container or bag.
3. Facilitating More Sales Faster
A cannabis PoS directly boosts a dispensary’s bottom line by increasing the number of sales that can be conducted within the span of each business day. In practice, this means creating faster and more enjoyable experiences for customers, which also raises the chances of repeat business.
4. Accurate Inventory Tracking
Keeping track of inventory to prevent theft or inaccurate weighing is a very important part of running a dispensary. A PoS tracks all sales as they occur, so you never have to worry about this aspect of the business.
5. Easier Compliance and Reporting
Of course, with better accounting comes the ability to generate reports that aid with proving compliance and financial stability. Many cannabis PoS systems can even help you calculate and stay within daily customer sales limits (e.g. – many states only allow one ounce per customer per day)
More Efficient Business Operations
All of the above benefits will ultimately lead to a dispensary that functions more efficiently and optimally in every way. A PoS creates better experiences for both customers and employees while also drastically improving the simplicity of dispensary management, record keeping, and retrospective analysis.
Now that you’re familiar with the primary benefits of using a PoS in a dispensary, contact us today. Colorado’s leading PoS consultant can provide a free consultation that can help you develop a personalized solution for your cannabis business.
To learn more about the advanced features and capabilities of a cannabis PoS system, contact Colorado’s top PoS consultant at 303-309-1218 for a free consultation.