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How to Sell Cannabis Products to Dispensaries

by Hasum | | 420 Smoke Shop Near Me | 0 Comments

Conduct Thorough Market Research

Before you put your product out there, you need to perform extensive market research. This helps you gauge the likelihood of your product selling. You should consider things like:

The Demand-Supply Factor

You might have a unique product idea, but you have to ask yourself if people really want it. If not, explore the possibility of a need for it arising in the future. Look into how beneficial it will be to your customers, and assess if there’s a gap in the market’s demand-supply ratio that your product could fill.

Shortlisting the Cannabis Products Segment

The product niche you choose to go with all comes down to the risk you’re willing to take. That being said, you should go for popular product categories like edibles and gummies if you’re looking for a less-risky endeavor and fast-selling products. However, if you’re looking for a unique product offering, you need to tap into the supply gaps in the cannabis market. 

Dispensary Requirements

Dispensaries have different product requirements. Some only stock up on specific strains, while others specialize in concentrates. Similarly, products sold to medical marijuana dispensaries should be more potent and of higher quality than those sold to recreational dispensaries.

Approaching different dispensaries and learning their unique requirements can help you come up with a list of potentially profitable products.

Dispensary Requirements

Get a Captivating Backstory for Your Cannabis Products

People don’t just buy a product for the sake of it. They buy it because it meets a certain need. Like any other business, dispensaries only stock products that people want. That’s why your product’s narrative is so important.

When creating a worthy product backstory, ask yourself things like, “Is it unique and captivating? Does it feel organic? Does it present a narrative that people want to be part of?” If your product’s backstory has all these, and the product fulfills a need that hasn’t been met currently, then you are good to go.

You should also include product details. While you’re at it, try incorporating the details into a story that details what’s at stake, how you understand your target market’s situation, and how your product could be the best solution. 

Writing a captivating backstory can be pretty challenging, but don’t let it put you off. Simply start with a draft, test it out on your friends or colleagues, then keep revising it until you get it right.

Reach Out to the Right People

Most cannabis dispensaries employ someone solely tasked with making purchase decisions. In large chain dispensaries, this is a full-time position. But in smaller dispensaries, the position might shift among the employees on a weekly or monthly basis.

In addition to knowing who to reach out to, you should know when they are available to meet, their name, and their job title. 

But how exactly do you get this information? Well, it’s always a good idea to start with a call to the dispensary. While you’re at it, make sure not to call during peak hours or weekends. Choose a convenient time when the dispensary’s employees aren’t busy attending to customers. You should also avoid asking the budtender since they might be busy serving customers. It’s also not part of their job to guide vendors.

Make Sure Your Product Is Compliant

Cannabis laws and regulations vary from state to state. And since compliance is such a huge deal in the cannabis industry, you need to make sure that your product is compliant before attempting to sell it to any cannabis dispensary. Moreover, no dispensary will risk putting your products on its shelves if it doesn’t meet your state’s compliance regulations.

In addition to compliance, your product’s packaging must also adhere to your state’s cannabis product packaging regulations. Most states require cannabis products to have tamper-resistant, child-resistant, and resealable packaging

Cannabis Product Samples

Cannabis Product Samples

Nothing boasts about your confidence in your product than offering free samples. Not so long ago, people used to buy cannabis products regardless of price and quality. But now, as more cannabis products hit the market, people are becoming more discriminating. They only want the best. So before a cannabis dispensary buys your product, they must first test it out to ensure quality.

When we talk about giving free samples, it does not mean that you should go all out and give them to just about any dispensary. Before you offer them any samples, take time to learn about their inventory. 

If your product matches a dispensary’s inventory, you can provide a few samples and other helpful facts, like how your product can make it a more rounded dispensary and what pain points your product addresses.

The Bottom Line

Selling to cannabis dispensaries is much more complicated than selling to regular customers. There’s so much competition among cannabis brands and cultivators that some cannabis products don’t even see the light of day.

Nevertheless, don’t let the intense competition discourage you. Focus instead on curating the best cannabis product, ensuring compliance, and marketing it in the best possible way.

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