Business Health Check
The first step in gauging the success of your cannabis retail operation – a business health check.
This will provide a clear picture of what is helping or hurting the business. Typically produces 3-5 specific action items which increase sales and selling margin or reduces inventory investment. Improvements in inventory management will translate to greater cash flow.
Health Check topics…
- Analysis of categories that are over/understocked or unproductive
- Assortment review to determine items that are over/understocked
- Target SKU count recommendations for Edibles and Cartridges
- Mark-up and markdown strategies
- Review of vendors by category that are over/underperforming