Point of Sale Software in the Cannabis Industry – Which Vendors are Leading the Pack?Jared Younker
Which point-of-sale software vendors have the largest market share in the cannabis industry? Cannabiz Media set out to answer that question with a recent study and is releasing the results in a new white paper: Point of Sale Software in the Cannabis Industry: Which Vendors are Leading the Pack? You can download the white paper here.
Using a convenience sampling method, Cannabiz Media’s team of researchers gathered data from 1,460 active dispensaries and retailers nationwide through multiple phone calls and email follow-ups. The team estimates that it reached 50% of the licensed market as of October 26, 2018.
This research will continue on an ongoing basis as license holders change vendors, pending licenses become active, and new states come online. The data included in this study (and much more) is built into the enhanced data feature within the Cannabiz Media License Database.
Based on its primary research, Cannabiz Media discovered 44 unique point-of-sale software vendors in the cannabis industry, including proprietary software (for license holders that have a custom solution) and non-standard choices like Square and Intuit’s QuickBooks.
5 Vendors Account for 80% of the Market
Cannabiz Media discovered that just five point-of-sale software vendors account for 80% of the cannabis industry market share. Those five vendors are:
- BioTrack: 28%
- Green Bits: 26%
- Flowhub: 12%
- MJ Freeway: 8%
- Adilas: 5%
MJIC is the sole California reseller of Adilas software, an approved METRC 3rd party application. To schedule a demo of the Adilas platform, please use the demo request web form https://www.mjiccompliance.com/ or email firstname.lastname@example.org