Industry Insights
There's a version of this article that starts with something like, "Regulations are changing, and shop owners need to stay informed.’’
However, every business owner already knows that. You knew it before the ink dried on last year's rules, and you'll know it again the next time a city council or a state legislature makes a ruling that causes chaos for your product mix.
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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.
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Have you ever wondered how the distance between retailers and consumers can influence the choices people make when buying cannabis products?
