It takes a lot to run a cannabis dispensary. From keeping up with market trends to maintaining regulatory compliance, every detail matters. The stakes are high; legal cannabis dispensaries in the US recorded over $30 billion in sales last year, with 10 states generating over $1 billion. That’s why you need the Sweed point-of-sale (POS) platform to handle everything for you.
Your cannabis dispensary POS should be an all-in-one suite that can also handle inventory, marketing, compliance, and more.
Every time a budtender works with a customer, they should have all the information necessary to personalize the experience. Every purchase should be tracked across stores to keep inventory accurate up to the minute, regardless of how many locations you run. And everything must be streamlined to ensure full legal compliance.
Here are seven features of Sweed's cannabis dispensary POS that will supercharge your business.
Your POS is the foundation of your business. It’s where budtenders clock in and service customers, generating all the revenue for your dispensary. You need a streamlined, single dashboard to manage in-store, delivery, and pickup orders to compete in today’s cannabis market.
Sweed is a fully integrated POS with inventory, marketing, payments, and reporting all in one unified platform. It has native features for cannabis-specific workflows without relying on third-party patches. reduces compatibility issues and simplifies training, while preventing outages and downtime caused by piece-meal solutions.
Downtime is an Achilles heel for retail businesses, costing an average of $9000 per minute for small and mid-sized businesses. Every second counts, especially during business hours when customers are waiting. If you can’t meet demand, they’ll shop elsewhere.
Sweed has a proven track record of system stability during peak sales days, like 4/20 and 7/10. Our cloud-based technology includes automatic backups and failovers to maximize uptime. And we provide real-time support to resolve issues quickly in a pinch.
According to McKinsey, nine in 10 consumers in the US and Europe use digital payments. The pandemic accelerated the decline of cash payments and rise of mobile payments and digital wallets. Your POS needs to be optimized and futureproofed to keep your dispensary relevant for years to come.
Sweed has support for cash, card, and digital wallets, along with split payments between them. And we provide self-service kiosks with QR code login and digital promotions for customers who prefer a contactless experience. Regardless of how a customer wants to order and pay, we have you covered.
Accurate inventory and compliance management reduces shrinkage and prevents fines.Stringent cannabis regulations across each state require seed-to-sale tracking of all products sold in dispensaries through both medical and adult-use cannabis programs. Even if it weren’t legally required, it’s simply good business, as an estimated $300 billion is lost each year to inventory markdowns.
Sweed combats this with real-time inventory syncing across online menus and in-store to ensure everyone is always on the same page. Insightful sales and margin reporting enable smarter purchasing decisions to optimize stock. And automated compliance tracking and reporting keeps you in full compliance with the law.
Data analytics are the key to unlocking business intelligence to provide valuable insights, like what will sell best this week. You need clean, actionable data that makes decision-making fast and reliable.
Sweed provides real-time analytics to identify top-performing products and customer trends. Our comprehensive reporting covers sales, promotions, refunds, and more, so you always have a bird’s eye view of the business. We also provide tools to support data-driven marketing and promotional strategies to increase foot traffic and maximize their lifetime revenue value.
Technology is constantly improving, and it seems like every day there’s a new gamechanging tool disrupting the industry. Falling behind in the technological race can sink your cannabis business, and it’s important to have a software platform that adapts and evolves to changing needs.
Sweed includes native modules for marketing, loyalty, and delivery without third-party integrations.Our flexible cashier tools seamlessly extend across mobile and web menus, and we enable seamless system updates without disrupting business operations.
Customer loyalty programs gamify sales, incentivising customers to return. They’re also useful for tracking customer purchase habits so you can predict what your regulars want before they get there. And they are invaluable for targeting and launching promotions.
Sweed comes standard with support for white-label cannabis loyalty programs for both medical and recreational customers. You can track their entire history in one place automatically to keep customers happy and retain them for as long as possible.
Your POS is more than a cash register--you need a unified platform that streamlines inventory management and customer service across all locations. We handle orders in store with human budtenders, self-serve kiosks, and online orders through the web or mobile apps. And we track everything from seed to sale so you’re always compliant with local regulations.
That’s why dispensaries choose Sweed. Our all-in-one platform is custom built for the cannabis business. We automate repetitive tasks to reduce errors and provide useful insights in an intuitive user interface.
With Sweed, you no longer need to worry about lost sales due to out-of-stock items or miscommunications between platforms. We put everything into one easy-to-use place. Contact us today to schedule a demo and find out how Sweed can set your dispensary up for success.