Nurturing Consumer Centricity in the Cannabis Industry: Lessons from the alcohol saga
At Lucid Green, we're at the forefront of the cannabis industry's remarkable transformation, transitioning from stigma to a booming, diverse marketplace. This evolution inspires innovations in marketing, store layout, and enhancing the overall customer journey. Filip Luneski, our Head of Marketing, discussed how education, understanding varied consumption occasions, and improving shopping experiences are vital for consumer-centric growth, drawing parallels with the alcohol industry's history to strategize for the cannabis sector's future.
Inventory Management in Cannabis: The Importance of Inventory Auditing
Cannabis continues to present fertile ground for emerging and enterprising brands and retailers. In 2022, more than 3,000 brands were on the shelves of 10,000 cannabis dispensaries across the U.S., and new brands are launching every day as 2023 surges on.
With the cannabis industry's growth, it’s essential for both brands and retailers to know, study and understand the industry’s consumers — their habits, preferences, and values — and how they interact with various brands and products. Like any other industry, understanding your target audience and buying patterns is paramount to a business’s bottom line and long-term success.
Introducing Enhanced CaseIDs: Elevating Product Casing Precision
In the fast-paced world of production, precision and accuracy are critical. Ensuring that the right products end up in the right cases is not just a matter of quality control; it's also about customer satisfaction and brand reputation. That's where Enhanced CaseIDs come in – an instrumental solution designed to significantly improve the way brands approach product packaging.
Hidden Costs of Incorrect Casing that you should be aware of
In the fast-paced world of cannabis production, the accurate casing of products plays a crucial role in maintaining efficiency and avoiding potential pitfalls. Incorrect casing refers to the mishandling of products during packaging, labeling, and SKU placement into cases. Such errors may seem minor at first glance, but they can have far-reaching consequences throughout the supply chain. In this blog, we will explore the costs of case errors and highlight the importance of proper casing at the retail level.
Sell-In & Sell-Out Reporting
Cannabis continues to present fertile ground for emerging and enterprising brands and retailers. In 2022, more than 3,000 brands were on the shelves of 10,000 cannabis dispensaries across the U.S., and new brands are launching every day as 2023 surges on.
With the cannabis industry's growth, it’s essential for both brands and retailers to know, study and understand the industry’s consumers — their habits, preferences, and values — and how they interact with various brands and products. Like any other industry, understanding your target audience and buying patterns is paramount to a business’s bottom line and long-term success.
CannaTech’s Two-Dimensional Barcode Revolution
The high-tech supply chain optimization tech is so envied that GS1 US is encouraging “a migration path toward the next dimension of barcodes” in this decade.
Barcodes are a ubiquitous part of everyday life. They make grocery store checkout faster, ensure proper prescription dosages in hospitals and track inventory in warehouses…
Unveiling the Quirky Side of QR Codes: From Funny to Fascinating!
You've probably encountered these square-shaped codes in various places, but did you know they can also be the source of laughter, intrigue, and even some eyebrow-raising moments? Join us on a delightful journey as we explore the funny, weird, and interesting ways in which QR codes have been used. Buckle up, because things are about to get quirky!
Decoding the Difference: Barcodes vs. QR Codes
From revolutionizing the checkout process in grocery stores to becoming an essential tool for supply chain management, barcodes have come a long way since their inception in the 1960s. Developed by Norman Joseph Woodland and Bernard Silver, the early barcode system consisted of a series of concentric circles that were read by a scanner.
Breaking Down the Cannabis Legalization in the US.
California was the first state to legalize medical marijuana in 1996. Since then, the medical use of cannabis has been legalized in 40 states and the District of Columbia. The recreational or adult-use of cannabis has been approved in DC and 21 states.
The Origins of 420
420 is one of the most well-known and celebrated numbers in cannabis culture, and has become synonymous with the plant itself. But where did this iconic number come from? The origins of 420 are shrouded in mystery, but there are several theories as to how it came to be.
How to Package Cannabis Safely and Legally
With the increasing expansion of the cannabis industry into new states, new cannabis businesses open every day. This results in more and stricter regulations in the industry. However, cannabis laws vary from state to state.
Cannabis companies need to be aware of all regulations in the states they operate in. One aspect that's strictly regulated is the cannabis packaging solutions.
Fighting Cannabis Counterfeits One Scan at a Time
From fake edibles to knockoff vape cartridges, counterfeiters aren't interested in making quality products. This means that, at best, their products are inferior, but at worst, they’re downright dangerous.
Millions of dollars are stolen from cannabis brands yearly in counterfeit products. Protect your company from losses one scan at-a-time with LucidID.
The Power of Terpenes in Cannabis
Cannabis has been used for medicinal purposes for thousands of years, and in recent years, there has been increasing interest in the therapeutic potential of its chemical components, particularly cannabinoids like THC and CBD. However, there is another group of compounds in cannabis that is often overlooked but equally important: terpenes - aromatic compounds found in many plants, including cannabis.
Decoding and Understanding Cannabis COAs
COA’s in a nutshell. Because of its history and the effects that a poorly-produced batch could have, cannabis products go through a rigorous testing process (usually by a third-party testing lab) before hitting the shelves at licensed dispensaries. All licensed cannabis products, including topical, ingestible, transdermal, and inhalable forms, must be tested in compliance with the laws of each state.
Why Item Level IDs are Critical for the Cannabis Supply Chain
Lucid Green is solving this problem in a way that benefits all the stakeholders in the cannabis supply chain by allowing for a single on-pack code to be modified at any step instead of adding sticker after sticker.
Cannabis Consumers - What Do They Know About Cannabis
How much do cannabis consumers actually know about cannabis?
Cannabis Dosage - What is Right for You?
Here is some guidance for you to determine the appropriate dose for you.
Selecting and Purchasing the Right Cannabis
If you really want to make sure that your cannabis experience is rewarding, do some investigating - learn about cannabis ingredients, their effects, and what is referred to as the entourage effect.
Cannabis Consumption Methods
There are three general categories for cannabis products: inhaling/smoking, oral/eating, and topical/applied-on-skin.
Helping the Budtender Help Consumers
How can we expect a budtender to be such an encyclopedia of information on all the products in one store yet alone manage all the other areas of their responsibilities?