What the Cannabis Industry Can Learn From Grocery Stores

Content created by members of Rolling Stone Culture Council, an invitation-only network of industry professionals who share their insights with our audience.Opinions expressed are solely those of the author and do not reflect the views of Rolling Stone editors or publishers.Content is produced and managed by the Rolling Stone Culture Council, a fee-based, invitation-only membership community, operated by Culture Council, LLC, under license from Rolling Stone Licensing, LLC.

Most cannabis retailers are simply unable to pay their suppliers because their working capital is tied up in inventory. This is rarely due to mal-intent and is often because cannabis is nascent and the market unpredictable. Coupled with a lack of proper business tools, this has contributed to a massive $3.

We must also leverage known solutions that are sensitive to the industry’s specific nuances. In discussing the challenges of the space with our customers, we’ve found forecasting is a root cause of working capital issues and gross margin maximization. To solve the direct pain points around forecasting, incentives and working capital, we launched PoST, or Payment on Sell Through. With PoST, retailers and brands collaborate on their orders based on actual sell-through.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Our Chicago: Increasing diversity in Illinois' adult use cannabis industryHere's what experts say can be done to increase diversity in Illinois' adult use cannabis industry.
Fonte: ABC7Chicago - 🏆 284. / 63 Leggi di più »

Interested in joining New York's budding cannabis industry? This 'LOCAL' map helps you getThe New York State Office of Cannabis Management (OCM) has launched the Legal Online Cannabis Activities Locator (LOCAL) map, a potentially groundbreaking
Fonte: amNewYork - 🏆 336. / 59 Leggi di più »

Harris wants to stand out as the pro-cannabis candidate. The industry isn't convinced yetVice President Harris said she supports legalizing cannabis. This follows Trump's comments last month signaling his support. Industry leaders aren't convinced.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

How North Korea Infiltrated the Crypto IndustrySam is CoinDesk's deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
Fonte: CoinDesk - 🏆 291. / 63 Leggi di più »