Industry Insights
You’ve chosen to work in a gray area.
You sell products that contain cannabis or cannabis-adjacent substances as well as accessories that can be used to consume it. And while that area has become less gray—you can see rays of sunlight peeking through—the skies are still cloudy. THC remains a Schedule 1 substance, even as medical marijuana has migrated to Schedule 3.
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Walking into a Trader Joe's store is an experience in itself. The vibrant atmosphere, friendly staff, and unique product offerings create an environment that keeps customers coming back for more. Smoke shops, too, can learn valuable lessons from the Trader Joe's model to enhance their customers' shopping experiences.
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When autumn leaves begin to fall, one flavor often comes to mind: pumpkin spice. This aromatic blend of cinnamon, nutmeg, ginger, and cloves has transcended lattes and pies to become a cultural phenomenon.
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Smoke shops have always thrived on offering a diverse range of quality products to their customers. Whether it's the newest vaping device, the latest flavor of e-juice, or the latest in smoking accessories, having a variety of offerings keeps customers coming back.
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Smoke shop retailers have adapted to countless transformations, from evolving products to changing customer demographics.
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The vaping industry is ever-evolving, not just in terms of technology but also in its commitment to environmental sustainability.
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The retail scene is evolving, and specialized stores focusing on vapes and cannabis accessories are capturing a significant share. Launching a smoke shop tailored to these trends requires a relatively smaller capital than many mainstream ventures like restaurants and bars.
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In the alternative world of smoke shops, diversifying income streams has become a smart strategy for small businesses looking to secure financial stability.
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It’s time to hit the books and study up on this year’s record-breaking back-to-college spending! With students expected to drop a whopping $94 billion (according to the latest National Retail Federation survey), this is a class you won’t want to miss.
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Picture this: an extended air path, bottom airflow cartridges, and a cutting-edge design that cools hot vapor back down to room temperature levels. That’s precisely what Greenlane offers with their new Davinci ARTIQ.
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The retail industry is facing a distressing escalation in store crimes, and small smoke shop retailers are not exempt from this alarming trend.
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As an independent smoke shop, you may encounter misconceptions surrounding low-cost products, especially those imported from China. Understanding the dynamics of “dumping,” “predatory pricing,” can help you cater to budget-minded customers while also keeping the focus on supporting the “buy local” movement.
