Dispensary POS Systems Statistics 2024 – Everything You Need to Know

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Are you looking to add Dispensary POS Systems to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Dispensary POS Systems statistics of 2024.

My team and I scanned the entire web and collected all the most useful Dispensary POS Systems stats on this page. You don’t need to check any other resource on the web for any Dispensary POS Systems statistics. All are here only 🙂

How much of an impact will Dispensary POS Systems have on your day-to-day? or the day-to-day of your business? Should you invest in Dispensary POS Systems? We will answer all your Dispensary POS Systems related questions here.

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Best Dispensary POS Systems Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 178 Dispensary POS Systems Statistics on this page 🙂

Dispensary POS Systems Market Statistics

  • The expected annual growth rate of the cannabis market from 2019 to 2021 is 21%. [0]
  • 62.9% of the global marijuana market in 2016 came from marijuana buds. [0]
  • By the end of 2025, it’s estimated to reach a market value of $82.9 billion. [0]
  • 90% of the global marijuana market is accounted to the US. [0]
  • Wholesale marketplace LeafLink reported a 48% spike in orders in March 2020. [0]
  • Edibles will likely continue to rise in popularity as more younger cannabis shoppers turn 21 and markets mature as these two groups tend to purchase edibles more regularly. [1]
  • Their data also shows that although only about one third of total cannabis sales are to female customers, their market share has risen from 31.7% in 2020 to 32.6% in 2021. [1]
  • According to the governor’s press release, they beat out Colorado’s first day sales number of $1 million, a state that had over 5 million residents at the time of its market opening. [1]
  • Similarly, Hawaii’s medical market has seen slow annual growth, going from 110% growth in 2019 to 68% in 2020 to only 12% in 2021. [1]
  • As concentrates, edibles, and topicals began to increase in popularity , as of 2018 flower has dropped to 43% of the market while these branded products have increased dramatically. [2]
  • Then again, 60% of Americans like the idea of imposing taxes and regulating the weed market. [3]
  • The market proceeds to expand and is estimated to reach the figure of $25 billion by 2025. [3]
  • That is a staggering 49% CARG, which makes the cannabidiol oil industry one of the best markets to invest in. [3]
  • In 2018, medical marijuana held a market share of 70.3% of total legal marijuana sales in the United States. [3]
  • The cannabis POS sector grew to 79 vendors in 2021, up 16% from the previous year and 75% from 2018 when Cannabiz Media, a Connecticut based cannabis license database and marketing platform, started tracking the category. [4]
  • the company tracks, or around 35% of the retail market. [4]
  • The top five companies serve 61% of retailers, despite the record number of POS vendors now in the market. [4]
  • Those two companies together account for 25% of the cannabis POS market, according to the Cannabiz Media survey. [4]
  • The illegal cannabis market in the U.S. is estimated to be worth more than $45 billion a year. [5]
  • The worldwide market for Terpenes is expected to grow by roughly 6.3% over the next five years. [5]
  • The Americas was the leading region for global hemp based foods in 2017 with a market share of 57%. [5]

Dispensary POS Systems Latest Statistics

  • The estimated contribution of cannabis businesses to the US economy by 2024. [0]
  • Average store revenue is up 52% to 130% compared with January at more than 1,300 stores using cannabis e commerce platform Jane Technologies. [0]
  • Revenues for 1,300 stores using the e commerce platform, Jane Technologies, were up 52 to 130% during March 2020 when the pandemic struck and lockdowns began. [0]
  • This is $5,648, or 10.7% higher than the U.S. median salary of $52,863. [0]
  • From December 2017 to 2018, the demand for jobs in the cannabis industry was as high as 76%. [0]
  • The average salary for cannabis workers is 10.7% higher compared to other US industry workers. [0]
  • 21% – The average growth rate of jobs in the marijuana industry from 2018 to 2024. [0]
  • 62% of Americans support the legalization of marijuana. [0]
  • 66% of Americans are in favor of legalizing recreational marijuana. [0]
  • 54% of voters who identified as Republicans say the federal government should legalize the use and sale of cannabis for adults. [0]
  • Women now use cannabis more than men, with 53% having tried it compared to just 42% of men. [0]
  • 6% of female respondents said they have used cannabis daily. [0]
  • 18% of American consumers aged 18 to 29 use marijuana. [0]
  • Cannabis Medical Usage Statistics Over 50% of the US states have legalized the use of medical marijuana in various forms. [0]
  • Here’s a series of stats to give more information regarding medical marijuana $100.03 billion – The estimated value of medical marijuana by 2025. [0]
  • Thus, patients are allowed to own CBD oil up to 3% THC. [0]
  • 71% of surveyed consumers said they use cannabis for wellness purposes. [0]
  • 53% of them claimed that they reduce their overthe counter pain treatment, while 18% said they stopped completely. [0]
  • 50% of cannabis users have increased their consumption since the pandemic. [1]
  • Cannabis sales to female customers increased by 55%. [1]
  • 44% of Americans now have access to legal recreational cannabis. [1]
  • 91% of adults want to legalize weed. [1]
  • According to Gallup, the percentage of U.S. adults who say they have tried marijuana is sitting at 49%, the highest measurement to date. [1]
  • Just 7 years ago, only 40% of Americans said they tried cannabis at some point in life. [1]
  • The data showed generational patterns behind the uptick, with 19% of those born before 1945 saying they’ve tried marijuana and 50% of Baby Boomers, 49% of Gen Xers, and 51% of Millennials saying they’ve tried marijuana. [1]
  • According to Weedmaps’ data, online cannabis orders increased by 55% in the first half of 2021 when compared to the first half of 2020. [1]
  • That survey has 8.6% of individuals over 26 years of age identifying as having used marijuana in the past month. [1]
  • This number is up from 7.9% in their 2017 study. [1]
  • Meanwhile, 22.1% of 1825 year olds say they’ve used marijuana in the past month. [1]
  • Looking at data from early 2020 to late 2021, Headset found that sales to female customers increased by 55%. [1]
  • On the flip side, sales to male customers increased by 49%. [1]
  • A 2024 report by Eaze found that—of the new customers that consumed in 2021—48% were female and 52% were male. [1]
  • According to BofA Securities, cannabis sales in the U.S. increased 40% in 2021 to $25 billion. [1]
  • While that’s not as much of an increase as the 67% jump 2020 saw, it still easily surpassed the $18 Billion in sales from 2020. [1]
  • In 2021, the percentage of concentrates increased by 2% (from 22% to 24%). [1]
  • For edibles, the average over the past 3 years was 9% of all sales. [1]
  • In 2021, edibles made up 11% of sales — a 2% increase as well. [1]
  • According to Eaze, in the 30 days following the March 13, 2020 declaration of a national emergency, new delivery customer sign ups jumped by nearly 60%. [1]
  • That trend continued into 2021, with Weedmaps showing another 60% jump in cannabis delivery in the first half of 2021. [1]
  • The State of the Cannabis Industry report in 2020 found that stores with order ahead enabled sold 22% more on average compared to stores without order ahead. [1]
  • According to Gallup, 14% of all U.S. adults use CBD. [1]
  • This jumps to 20% for those ages 18. [1]
  • Perhaps most interesting is the question of familiarity with CBD products 49% of those age 65+ are unfamiliar with CBD . [1]
  • The same study found the most common reasons for using CBD include Pain. [1]
  • Anxiety 20% Sleep/Insomnia 11% Arthritis 8% Migraines/Headaches 5% SingleCare, a medical prescription savings company, ran a similar survey in April of 2020 and found that 45% of current CBD users increased their use of CBD once the pandemic began. [1]
  • Interestingly, their 2020 study found that 49% of CBD users take CBD to help with stress and anxiety, which is nearly 30% more than the 2019 Gallup poll. [1]
  • 44% of all Americans now live in states with access to legal recreational cannabis. [1]
  • New Frontier Data analyzed the legalization efforts of states currently without adult use programs and identified the nine states most likely to pass recreational legislation by 2030. [1]
  • In 2020, Gallup found 48% of Republicans and 83% of Democrats favored legalizing marijuana, showing that recreational legalization at the state level in Republican dominated states still has a way to go. [1]
  • Between 2018 and 2020, Republican support for legalization decreased (from 53% to 48%), while Democrat support jumped (from 71% to 83%). [1]
  • Pew Research Center found some differences in 2021, showing 39% of Republicans and 60% of moderate and liberal Republicans favor legal medical and recreational use. [1]
  • Across the aisle, they found 63% of conservative and moderate Democrats were in favor of medical and recreational legalization, with 82% of liberal Democrats agreeing. [1]
  • In April of 2021, Pew Research Center found that 91% of US adults are on board with marijuana legalization, with 60% supporting medical and recreational, and 31% supporting just medical. [1]
  • Only 8% of adults were against legalization altogether. [1]
  • The first time Gallup gathered this data in 1969, just 12% of Americans held the same view. [1]
  • According to Marijuana Business Daily, California took 7,308 days from med to rec to the state’s first sale. [1]
  • New Frontier Data calculated the compound annual growth rate of the legal cannabis industry to be 11% between 2020 and 2030, ultimately putting the industry’s worth at more than $57 Billion by 2030. [1]
  • The cannabis sales tax revenue across states increased 34% from 2020, totaling more than $3.7 Billion, according to a recent Marijuana Policy Project report. [1]
  • Colorado’s sales have been declining since July 2021, with 2024’s sales falling nearly 4% below January’s and 13% below the same month one year prior. [1]
  • Arizona saw an almost 10% dip in sales in January of 2024 when compared to December of 2021. [1]
  • According to Weedmaps, 57% of cannabis consumers believe everyone should have access to cannabis industry opportunities, with just as many people believing that everyone would benefit from those equal opportunities. [1]
  • 46% of respondents said they want to frequently visit womenowned cannabis businesses, 44% want to support minorityowned cannabis businesses, and 37% say they want to buy from LGBTQ+. [1]
  • Additionally, Vangst surveyed cannabis companies and professionals and found the majority of employees (34.4%). [1]
  • On the other hand, over 30.6% have more than five years of experience in the industry. [1]
  • According to Leafly’s jobs report, 428,059 full time equivalent jobs are now supported by legal cannabis as of 2024. [1]
  • The report found that cannabis jobs increased by 33% year over year, with 2021 being the fifth year in a row of growth higher than 27%. [1]
  • Customers who use Greenbits rave about its easyto use interface, 24/7 customer support, and 99.9 percent AWS uptime. [6]
  • Since its founding, this company has won over thousands of customers with its sleek Apple like design and 99.9 percent uptime on AWS and Google Cloud. [6]
  • In 2014, marijuana flower was 63% of all cannabis sales ; most of which was unbranded. [2]
  • Worldwide consumer spending on legal cannabis is expected to jump 40%. [2]
  • 93% of American voters believe medical marijuana should be legalized in all states. [3]
  • According to a Quinnipiac University Poll, around 93% of American voters approve the legalization of marijuana for medical purposes. [3]
  • The figure is lower when it comes to the legalization of recreational marijuana, at 63%. [3]
  • This still seems unlikely, as Congress holds onto the Controlled Substances Act from 1970, which classifies cannabis with more than 0.3% THC as a Schedule I substance, with high potential for abuse. [3]
  • Marijuana revenue statistics measure a projected compound annual growth rate of 14.7%, making it one of the fastest expanding industries in the United States. [3]
  • Washington DC is currently the most strict regarding tax on medical cannabis, with a 37% marijuana excise tax. [3]
  • According to medical marijuana surveys conducted by Leafly, medical marijuana held the record of employing 296,000 people in 2019. [3]
  • In California, cannabidiol consumers nearly doubled in 2018, growing from 2.6% to 4.8% during a one. [3]
  • In 2018, they made up 8.4% of total cannabidiol consumers in California. [3]
  • Medical marijuana statistics provided by Eaze, a prominent California based cannabis retailer, claim that women users make up 21% of their total cannabidiol oil purchases. [3]
  • Compared to Gen Z consumers, this figure represents a 53% higher rate of spending. [3]
  • That is to say, the male female split is 59.8% to 40.2%. [3]
  • Therefore, the figure of 40,0000 veterans registered as cannabis users fall into medical marijuana abuse statistics, according to the US Department of Veterans Affairs. [3]
  • According to Eaze, however, 3% of their customers in 2018 were army vets who claim that cannabis has helped them overcome some symptoms of posttraumatic stress disorder. [3]
  • Previous findings show that between 2006 and 2013, the prevalence of marijuana use among those 50 years or older rose by 71.4%. [3]
  • The survey reported that 45% of respondents confirmed they’ve used marijuana in the past. [3]
  • Out of this percentage, another 54% responded they’ve used it both recreationally and for exploiting the medical purpose of marijuana. [3]
  • According to official Arizona medical marijuana statistics provided by the Arizona Department of Health Services, more than 60 tons of medical cannabis was sold in 2018. [3]
  • Given that an ounce of medical marijuana costs an average of $200 in Arizona, the total estimated revenue is approximately $400 million which represents a 41% increase in sales compared to 2017. [3]
  • The number of medical marijuana patients grew around 20%, with the state of Arizona registering 198,000 medical cannabis cardholders in 2018, compared to 162,708 in the year before. [3]
  • Patients aged 5160 years made up the greatest percentage of cardholders at 23.06%, followed by patients aged 61. [3]
  • Chronic pain due to musculoskeletal disorders is cited as the most common reason why patients are receiving cannabis treatment in New Jersey (28.9%), with intractable skeletal spasticity cited as second (15.3%). [3]
  • The flower is still the main product driving the medicinal cannabis revenue, holding 61.2% of total sales. [3]
  • Since the decriminalization law is still fresh, most of the total revenue was accumulated from commercial license applications (64%) and the rest comes from patient applications (36%). [3]
  • Puerto Rico has 92,499 registered medical cannabis patients, which is almost 3% of the total population of the island. [3]
  • According to statistics about medical marijuana provided by Canada’s official government website, there are 342,103 registered medical marijuana patients. [3]
  • Washington imposes a 37% Marijuana Excise Tax on medical cannabis, which is due regardless of whether sales are exempt from sales tax. [3]
  • A 2019 Gallup poll revealed that 66 percent of Americans favored legal cannabis, but when it comes to cannabis sales, federal banking laws have not adapted to consumers’ new attitudes. [7]
  • Akerna’s holdings include MJ Freeway, a provider of POS and other services that is used by 7% of retailers surveyed by Cannabiz Media. [4]
  • Stress relief and enjoying social experiences are second and third place at 40%. [5]
  • 85% of legal cannabis consumption is used for the treatment of pain. [5]
  • More than 85% of publicly traded cannabis related companies have an annual revenue of less than $5 million. [5]
  • Less than 5% of publicly traded cannabis related companies have an annual revenue greater than $25 million. [5]
  • Since the legalization of recreational cannabis, 34% of consumers who live in legalized states report a decrease in alcohol consumption. [5]
  • 51% of alcohol consumers also use cannabis at the same time. [5]
  • 33% of consumers that live in states where recreational use is legal use cannabis to enhance experiences. [5]
  • 40% of cannabis users partake in the product daily. [5]
  • 55% of Americans think cannabis should be legalized, regulated, and taxed like cigarettes and alcohol. [5]
  • Nearly 90% of operating dispensaries, cultivators, and infused product companies report that they are profitable. [5]
  • 12% of cannabis users say CBD only products reduce the need for marijuana/cannabis. [5]
  • 15% of consumers in legal recreational cannabis states use CBD. [5]
  • 74% of consumers are likely to have prior experience with recreational cannabis. [5]
  • 63% of current and potential cannabis users are more likely to purchase their products at physical retail locations. [5]
  • Canada’s overall spend on legal cannabis is expected to rise up to 58% in 2019. [5]
  • In the cannabis industry, women hold 36% of executive positions, as opposed to 15% in other industries. [5]
  • 92% of medical marijuana patients say it works. [5]
  • 12% of U.S. adults are reported to use marijuana on a daily basis and 11% use it on a weekly basis. [5]
  • The most popular form of marijuana consumption is flower at 74%. [5]
  • Solid edibles come in second at 44%. [5]
  • 59% of the U.S. population lives in a state where marijuana has been legalized. [5]
  • 13% of Americans identify as “current users”. [5]
  • 48% of men have tried marijuana while just 34% of women have tried it. [5]
  • 34% of marijuana consumers reduced their alcohol consumption since the legalization of cannabis. [5]
  • In a 15 year period, Americans’ choice of keeping marijuana illegal decreased by 32%. [5]
  • 41% of consumers use marijuana with other people. [5]
  • 70% say marijuana is less risky than alcohol. [5]
  • 76% say marijuana is less risky than tobacco. [5]
  • 42% of respondents stopped taking pharmaceutical drugs due to the medical use of cannabis. [5]
  • 18% of American consumers who smoke marijuana are between 18 29 years old. [5]
  • Legal marijuana trade grew by 37% in 2017 and was worth $9.5 billion. [5]
  • Hemp is one of the most versatile of plants, with an estimated 50,000 uses across a wide spectrum of industries. [5]
  • China’s Province of Heilongjian cultivates nearly 90% of textile hemp used around the world. [5]
  • By generation, 11% of Gen Z respondents said that they occasionally or regularly used CBD or hemp oil products. [5]
  • If a plant has less than 0.3% THC, it is an international standard definition that it be considered hemp. [5]
  • 62% of respondents say that they take CBD for a specific medical condition. [5]
  • Due to varying regulations based on the state you live in, there is a 75% chance that a CBD product you buy online will be mislabeled. [5]
  • According to the American Cannabis Nurses’ Association, most patients are curious about CBD for treating pain, sleep issues, anxiety, or depression. [5]
  • 59% of THCbased companies say that the CBD focused industry is not a threat to their business. [5]
  • 89% of dogs that received CBD in a clinical trial had reductions in the frequency of seizures. [5]
  • Researchers at Cornell University College of Veterinary Medicine found that 80% of dogs experiencing pain from osteoarthritis had significant improvement in pain levels and quality of life. [5]
  • 29% of vets reported that they are asked about cannabis products for pets on a weekly basis. [5]
  • 56% of vets reported that they had clinical experience with CBD products in dogs. [5]
  • 56% of vets stated that CBD products were somewhat helpful for pets with chronic pain. [5]
  • 66% of vets said that they found CBD to be somewhat helpful for pets with anxiety. [5]
  • 80% of vets reported that there were no side effects from pets taking CBD. [5]
  • CBD and hemp products spiked 300% on pet insurance claims between 2017 and 2018. [5]
  • 420 Cannabis Holiday Retail Traffic Up 10% in 2021. [8]
  • Cannabis retail traffic was up 9.5%, and sales rebounded 8.4% yearover year on 4/20, according to Cova Software, the largest Cannabis Point of Sale company in North America. [8]
  • While major outages plagued several big POS systems, Cova reported its 4th straight year of perfect uptime (100%). [8]
  • Cannabis retail traffic was up 10%, and sales rebounded 8.4% yearover year on 4/20, according to Cova Software, the largest Cannabis Point of Sale company in North America. [8]
  • Nevertheless, the industry saw an 8.4% increase in sales over 4/20/20, despite several US POS systems crashing amid the higher volume. [8]
  • ” Based on Cova data, the daily lift in sales on 4/20 over average March daily sales has been 2019 +240%, 2020 +78% and 2021 +89%. [8]
  • The average invoice per transaction in the US was $76.26 USD, an increase of 9% over 2020. [8]
  • For Canada the average invoice was $52.48 CAD, a decrease of 2% from a year earlier. [8]
  • Dispensaries across North America saw 9.5% more traffic through their store this year, which is attributable to this April’s greater freedom to visit retailers in the US. [8]
  • Despite that, Canadian cannabis stores processed 5% more transactions on 4/20. [8]
  • A Thousand New Stores Celebrate their First 420 Year over year, approximately 1,000 new dispensaries opened (+20%). [8]

I know you want to use Dispensary POS Systems, thus we made this list of best Dispensary POS Systems. We also wrote about how to learn Dispensary POS Systems and how to install Dispensary POS Systems. Recently we wrote how to uninstall Dispensary POS Systems for newbie users. Don’t forgot to check latest Dispensary POS Systemsstatistics of 2024.

Reference

  1. financesonline – https://financesonline.com/cannabis-industry-statistics/.
  2. flowhub – https://flowhub.com/cannabis-industry-statistics.
  3. softwareconnect – https://softwareconnect.com/dispensary-pos/.
  4. fortunly – https://fortunly.com/statistics/medical-marijuana-revenue-statistics/.
  5. mjbizdaily – https://mjbizdaily.com/competition-heats-up-among-providers-of-cannabis-point-of-sale-software/.
  6. g2 – https://learn.g2.com/marijuana-statistics.
  7. cure8 – https://www.cure8.tech/dispensary-point-of-sale-system/.
  8. blaze – https://www.blaze.me/blog/the-complete-dispensary-payment-processing-guide-for-cannabis-retailers/.
  9. prnewswire – https://www.prnewswire.com/news-releases/420-cannabis-hoilday-retail-traffic-up-10-in-2021-301274441.html.

How Useful is Dispensary Pos Systems

One of the key advantages of using a dispensary POS system is its ability to simplify the inventory management process. With the ever-changing regulations and compliance requirements in the cannabis industry, tracking inventory accurately and in real-time is crucial to avoid costly fines and penalties. Dispensary POS systems help automate inventory management tasks, such as updating stock levels, tracking expiration dates, and managing product categories, making it easier for retailers to stay compliant and organized.

In addition to inventory management, dispensary POS systems also offer robust reporting and analytics tools that provide valuable insights into sales performance, customer preferences, and overall business trends. By analyzing this data, retailers can make more informed decisions about pricing strategies, marketing campaigns, and product offerings, ultimately driving growth and profitability.

Furthermore, dispensary POS systems are designed to improve the overall customer experience. With features such as integrated loyalty programs, online ordering, and seamless checkout processes, retailers can offer a convenient and personalized shopping experience to their customers. By streamlining transactions and minimizing wait times, dispensaries can boost customer satisfaction and loyalty, ensuring repeat business and positive word-of-mouth referrals.

From a regulatory standpoint, dispensary POS systems provide built-in compliance features that help retailers adhere to local laws and regulations. By automatically tracking sales limits, verifying customer IDs, and generating audit trails, dispensaries can reduce the risk of non-compliance and protect their licenses and reputation.

Moreover, dispensary POS systems can help retailers streamline their overall operations by integrating with other business solutions, such as accounting software, CRM systems, and e-commerce platforms. This seamless integration allows retailers to centralize their data, improve workflow efficiency, and optimize business processes, ultimately saving time and resources.

Overall, dispensary POS systems play a vital role in the success of cannabis retailers by providing a comprehensive solution that addresses key challenges faced in the industry. From inventory management and compliance to reporting and customer experience, these systems offer a wide range of benefits that can help dispensaries thrive in an increasingly competitive market.

As the cannabis industry continues to grow and evolve, investing in a reliable and feature-rich dispensary POS system is essential for retailers looking to stay ahead of the curve, drive growth, and build a loyal customer base. With the right technology in place, dispensaries can optimize their operations, enhance their customer experience, and position themselves for long-term success in this dynamic and exciting industry.

In Conclusion

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