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#088 - Why C-Stores Could Shape the Future of Cannabis & Hemp Beverages w/ Melissa VonderHaar, Managing Director of iSee TradeWorks

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Manage episode 483151426 series 3509840
Content provided by AnnaRae Grabstein and Ben Larson, AnnaRae Grabstein, and Ben Larson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AnnaRae Grabstein and Ben Larson, AnnaRae Grabstein, and Ben Larson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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Convenience stores are positioned to introduce cannabis to a new wave of consumers with their unmatched retail footprint of 150,000 locations nationwide and accessibility to 90% of Americans within a 10-minute drive.
• Convenience stores have evolved from selling "gas, cokes, and smokes" to embracing new categories as tobacco sales decline
• Lower-dose (5mg) THC products outperform higher-dose options in convenience, indicating these stores attract cannabis newcomers
• The National Association of Convenience Stores now allows hemp-derived THC beverage companies to join as supplier partners
• Convenience retailers process more ID checks daily than the TSA, with strong age-verification technology to ensure compliance
• C-stores sell mostly single-serve beverages (over 60% of cold vault purchases), creating perfect entry points for cannabis trial
• Nielsen data tracking THC beverage sales in convenience shows 345% growth as the category establishes itself
• Brands succeeding in convenience demonstrate both brand leadership and category leadership with educational merchandising
• Legislative challenges remain with some states attempting to exclude convenience from hemp retail
• The convenience channel could become the largest retailer of hemp-derived cannabinoids with its established infrastructure
• Industry experts predict major convenience retailers will fully embrace THC products within the next six months
--
High Spirits is brought to you by Vertosa and Wolf Meyer.
Your hosts are Ben Larson and AnnaRae Grabstein.
Follow High Spirits on LinkedIn.
We'd love to hear your thoughts. Who would you like to see on the show? What topics would you like to have us cover?
Visit our website www.highspirits.media and listen to all of our past shows.

THANK YOU to our audience. Your engagement encourages us to keep bringing you these thought-provoking conversations.
Remember to always stay curious, stay informed, and most importantly, keep your spirits high.


  continue reading

Chapters

1. The Massive Potential of Cannabis (00:00:00)

2. Introduction and DC Cannabis Advocacy (00:00:35)

3. Melissa's Journey in Convenience Store Media (00:08:49)

4. Evolution of C-Store Cannabis Perceptions (00:12:47)

5. Why Convenience Stores Lead Retail Innovation (00:20:31)

6. Age Verification and Responsible Retailing (00:30:15)

7. Nielsen Data on THC Beverage Sales (00:36:14)

8. The Three-Tier System and Category Growth (00:42:01)

9. Merchandising Strategies for C-Store Success (00:49:09)

10. Final Thoughts and Looking Ahead (00:53:58)

87 episodes

Artwork
iconShare
 
Manage episode 483151426 series 3509840
Content provided by AnnaRae Grabstein and Ben Larson, AnnaRae Grabstein, and Ben Larson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AnnaRae Grabstein and Ben Larson, AnnaRae Grabstein, and Ben Larson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Send us a text

Convenience stores are positioned to introduce cannabis to a new wave of consumers with their unmatched retail footprint of 150,000 locations nationwide and accessibility to 90% of Americans within a 10-minute drive.
• Convenience stores have evolved from selling "gas, cokes, and smokes" to embracing new categories as tobacco sales decline
• Lower-dose (5mg) THC products outperform higher-dose options in convenience, indicating these stores attract cannabis newcomers
• The National Association of Convenience Stores now allows hemp-derived THC beverage companies to join as supplier partners
• Convenience retailers process more ID checks daily than the TSA, with strong age-verification technology to ensure compliance
• C-stores sell mostly single-serve beverages (over 60% of cold vault purchases), creating perfect entry points for cannabis trial
• Nielsen data tracking THC beverage sales in convenience shows 345% growth as the category establishes itself
• Brands succeeding in convenience demonstrate both brand leadership and category leadership with educational merchandising
• Legislative challenges remain with some states attempting to exclude convenience from hemp retail
• The convenience channel could become the largest retailer of hemp-derived cannabinoids with its established infrastructure
• Industry experts predict major convenience retailers will fully embrace THC products within the next six months
--
High Spirits is brought to you by Vertosa and Wolf Meyer.
Your hosts are Ben Larson and AnnaRae Grabstein.
Follow High Spirits on LinkedIn.
We'd love to hear your thoughts. Who would you like to see on the show? What topics would you like to have us cover?
Visit our website www.highspirits.media and listen to all of our past shows.

THANK YOU to our audience. Your engagement encourages us to keep bringing you these thought-provoking conversations.
Remember to always stay curious, stay informed, and most importantly, keep your spirits high.


  continue reading

Chapters

1. The Massive Potential of Cannabis (00:00:00)

2. Introduction and DC Cannabis Advocacy (00:00:35)

3. Melissa's Journey in Convenience Store Media (00:08:49)

4. Evolution of C-Store Cannabis Perceptions (00:12:47)

5. Why Convenience Stores Lead Retail Innovation (00:20:31)

6. Age Verification and Responsible Retailing (00:30:15)

7. Nielsen Data on THC Beverage Sales (00:36:14)

8. The Three-Tier System and Category Growth (00:42:01)

9. Merchandising Strategies for C-Store Success (00:49:09)

10. Final Thoughts and Looking Ahead (00:53:58)

87 episodes

All episodes

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