Global Cannabis Retail POS Software Market Overview:
Cannabis retail POS delivers cannabis retailers with the aim to sell their products and remain compliant with federal and state regulations. This software is highly used by employees, managers, and owners to manage each transaction and to perform back-office tasks. Cannabis retail POS solutions also used in conjunction with a retail management system to help manage the entire retail business. Some of the key players profiled in the study are Proteus Business Solutions, Inc. (United States), Ample Organics (Canada), Biotrack (United States), Cova POS (United States), Flowhub (United States), Green Bits (United States), Greenline POS (Canada), GrowFlow (United States), LeafLogix (United States) and Leaf Trade (United States).
On the basis of geography, the market of Cannabis Retail POS Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Cloud-Based will boost the Cannabis Retail POS Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organizations Size, the sub-segment i.e. Small and Medium Size Organizations will boost the Cannabis Retail POS Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Real-Time will boost the Cannabis Retail POS Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing demand for cannabis retail POS software with multiple features which includes inventory management, CRM, employee scheduling, and reporting, for the payment process will accelerate the market growth.
- Development in Cannabis Retail POS Software is Providing Both Large & Small-Scale Businesses with Greater Flexibility Control, and Intelligence
- Rapid Adoption of Cloud-Based Cannabis Retail POS Software
- Stringent Government Regulations
- Huge Acceptance of The POS Software System for the Consumption of Cannabis, Along with Growing Consumption in North America Regions
- Lack of Consumer Awareness
Major Market Developments:
In Dec 2019, TILT Holdings Inc.ís subsidiary Blackbird Holdings Corp. announced the first software platforms for cannabis retailers that combine e-commerce, distribution, inventory management, and customer relationship management in a single environment. The advanced version of Blackbird eliminates the requirement for retailers to manage multiple software tools to run their stores and dispensaries.
The market is moderately fragmented by key market player those are highly focusing on production technologies, enhancement efficiency, and product life. With the increasing number of opportunities that are captured by gaining the ongoing process improvement and financial flexibility to invest in business strategies.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Cannabis Retail POS Software Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Cannabis Retail POS Software market on the basis of product  , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cannabis Retail POS Software market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Cannabis Retail POS Software industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Meadow (United States), Merrco Payments Inc. (Canada) and Treez (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cannabis Retail POS Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.