Dispensaries and other cannabis retailers can use cannabis retail POS systems to sell their products while staying in compliance with federal and state regulations. Many of the same capabilities as retail POS software are included in these packages, but with additional cannabis-specific functionality. Dispensaries may take payments, handle inventory, and keep proper tax records using cannabis retail POS software. Employees, managers, and owners often use these technologies to accomplish transactions and perform back-office duties.
MARKET DYNAMICS
Integration of various features such as inventory management, CRM, and others, as well as increased awareness of cannabis retail point of sale (POS) software over physical point of sale (POS) systems, are expected to emerge as significant factors driving the cannabis retail point of sale (POS) software market forward. In addition, rising internet penetration and online payment solutions, as well as government financing and support, will bolster the cannabis retail point of sale (POS) software market throughout the projection period.
MARKET SCOPE
The "Global Cannabis Retail Point of Sale (POS) Software Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The cannabis retail point of sale (POS) software market report aims to provide an overview of the cannabis retail point of sale (POS) software market with detailed market segmentation by type, application, and geography. The global cannabis retail point of sale (POS) software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cannabis retail point of sale (POS) software market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cannabis retail point of sale (POS) software market is segmented based on type, application. Based on the type, the cannabis retail point of sale (POS) software market is segmented into cloud and on-premise. Based on application, the cannabis retail point of sale (POS) software market is segmented into SMEs, large enterprises.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cannabis retail point of sale (POS) software market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The cannabis retail point of sale (POS) software market by each region is later sub-segmented by respective countries and segments. The cannabis retail point of sale (POS) software market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cannabis retail point of sale (POS) software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the cannabis retail point of sale (POS) software market in these regions.
IMPACT OF COVID-19 ON CANNABIS RETAIL POINT OF SALE (POS) SOFTWARE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a negative impact on the cannabis retail point of sale (POS) software market. The onset of the pandemic led to closure of retail outlet temporarily to combat the spread of virus, thereby negatively impacting the growth of the market. However, normalization of global economy and reopening of retail outlet is expected to help the market revive from the adverse impact of COVID-19 in 2021.
MARKET PLAYERS
The reports cover key developments in the cannabis retail point of sale (POS) software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from cannabis retail point of sale (POS) software market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the cannabis retail point of sale (POS) software market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cannabis retail point of sale (POS) software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cova Software.
- COMBASE USA
- Magestore
- BioTrack
- Flowhub Holdings, Inc.
- Acid Point of Sale
- IndicaOnline.
- MJ Freeway
- Blaze Solutions, Inc.
- Star Micronics