This article was originally published on The Fresh Toast and appears here with permission.
Convenience store operators have taken notice of the Gallop poll last August about cannabis use surpassing cigarettes….and it has gotten them thinking more about the expansion of revenue potential. This could be HUGE as they sell over $24 billion annually in beer!
Convenience stores have already led the way in trends like lottery tickets, Airborne, and, of course, the Big Gulp. Coke suggested to 7-Eleven in 1976 they use an unheard-of 32-ounce cup to sell fountain drinks. It was a big leap from the then-current 20 oz but it turned into such a money maker, auto manufacturers had to change the design of cup holders. Big Gulp helps turn nice profits for Coke and for convenience stores.
Again, Canada Leads The Way
Convenience store partners around marijuana kicked off in 2018 when Canada Couche-Tard, parent of Circle K, entered into a venture in 2019 with Toronto-based Fire …