Check out some of the advantages of having a Dispensary POS system and you’ll quickly discover it’s one of the first things you’ll need to choose when opening up your cannabis dispensary.
A dispensary POS will:
- Helps automate the transaction process
- Tracks important sales data
- Shows sales patterns
- Catches price or cash flow discrepancies
- Monitors inventory levels
- Collects daily sales information
- Dispensary POS software can help you manage other key components of your cannabis dispensary, including inventory, employees, and customer relationships.
If you want to grow your cannabis dispensary, efficiently track sales, and streamline your day-to-day operations, consider investing in a point of sale system. So, what is a dispensary point of sale system?
A dispensary point of sale (POS) system is where customers make a payment for goods or services at your store. Every time a customer purchases something at your cannabis dispensary, you have a dispensary POS transaction. Everything from sales to inventory to customer management merges into your disepnsary’s POS.
Typically, dispensary point of sale systems are a combination of software and hardware. Your dispensary’s POS system might have multiple physical components, such as a: Monitor, Tablet, Barcode scanner, Credit card reader, Receipt printer and Cash drawer.
The location of your dispensary POS system can be physical or digital. Most cannabis dispensaries use a digital system to track sales. If you own a brick-and-mortar location vs an online cannabis delivery, you might need some (or all) of the above components for your daily cannabis dispensary operations. And, you might strategically place your dispensary POS system near impulse items to increase the chance of last-minute purchases as customers pay.
If you’re looking to streamline your cannabis dispensary operations, a POS system is a good way to go. POS systems are chock-full of benefits for your small cannabis dispensary.