Jane Expected To See Triple-Digit Growth Rates In 2018 As Industry Matures

Ron Strider

Well-Known Member
Santa Cruz, CA, November 02, 2017 - Jane Technologies, Inc. (Jane), the only complete end-to-end online marketplace compatible with all point-of-sale (POS) systems in the cannabis industry, announced it has rapidly expanded its footprint as its patent-pending software helps transform the sector’s brick and mortar storefronts into successful ‘click and mortar’ retailers. In just five months since its launch, Jane was able to integrate its software into more than 100 dispensaries’ across five states. This is one of the fastest growth rates seen by a technology solution provider operating in the cannabis industry to date. Jane also expects to see triple-digit growth rates for the remainder of 2017 and into 2018.

“Our technology is the only solution compatible with every single existing POS system today and can be easily integrated, no matter what system or backend businesses are using,” said Jane CEO and co-founder Socrates Rosenfeld. “We’re proud to offer a unique technology solution at one of the lowest price points to deliver an unbeatable return on investment for small businesses. We help dispensaries showcase their full product offering, improve their service and staff efficiency, and get their customers returning to their store. In the coming year, we look forward to bringing even more technology solutions to the cannabis industry, especially as marketplace demands increase throughout 2018.”

While the cannabis industry is projected to become a $30B marketplace in 2021, it still remains a highly fragmented industry across disparate state markets. Jane’s software is helping companies stay compliant while keeping up with market demand by bringing a technology solution that is nimble and smart enough to fully integrate across a patchwork of different software systems within the cannabis industry. After integrating Jane’s technology solution, dispensaries in California, Colorado, Nevada, New Mexico and Massachusetts are now seeing the average customer shopping cart double from $45 to $90, a reduction in consumer purchasing cycles of 12 days to two days, and an overall improvement in customer service and staff efficiency.

Rosenfeld added: “The cannabis industry is one of the fastest growing industries in our generation, and we’re helping transform brick and mortar businesses into click and mortar powerhouses. Today, people want to shop for cannabis the same way they shop for everything else -- at their convenience. This means having a workable and compatible online marketplace is essential for success. Customers like the discretion and simplicity of pre-ordering their local cannabis through Jane, and stores like it because it gives them a competitive advantage in today’s on-the-go environment. The result has been a win-win for consumers and dispensaries alike.”

Jane is the only online marketplace proven to integrate with every POS system in the cannabis industry, capable of transforming dispensaries into turnkey digital storefronts. Dispensaries have access to rich data on customer behavior, and consumers can search and confidently order the best-rated products available in real-time at local dispensaries. Consumers can also sort by price, rating and recommendation, and then reserve those items for in-store pickup or delivery.

In 2018, California, Massachusetts and Maine will join five other states in adult-use cannabis sales -- California being the eighth largest economy in the world. Jane’s technology solutions are built to allow customers to search confidently through the tens of thousands of available products and allow small business dispensaries to compete on a level playing field.

Jane is currently partnering with dispensaries in California, Colorado, New Mexico, Nevada, and Massachusetts, and is rapidly expanding into additional targeted markets in the coming months and year. The team at Jane Technologies, Inc. is made up of graduates from the Massachusetts Institute of Technology (MIT), and is led by former Army captain and West Point graduate Socrates Rosenfeld.

About Jane Technologies, Inc.

Jane Technologies, Inc. is the cannabis industry’s first complete online marketplace, providing consumers with a confident, safe and simple shopping experience. Users can browse local products in real-time, compare by price, proximity or popularity and place orders at local stores for free. Jane partners with dispensaries on a win-win basis; stores only pay for completed orders at a fraction of the price of other industry software. For more information, please visit us at Jane.

News Moderator: Ron Strider 420 MAGAZINE ®
Author: Leland Radovanovic
Contact: Jane
Website: Jane

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