Dear #CBD brands, we have just completed our "Data Insights for CBD Report 2020" to help you increase your competitive edge against the 3,000+ other brands. We are confident our report will offer insights which you have not found elsewhere. DM/email us for a COMPLIMENTARY copy.
🌿 Converting SOP steps to KPIs drives continuous improvement in cannabis manufacturing!
📊 Boost efficiency, ensure quality, control costs, and gain a competitive edge. 🚀 #Cannabis#Optimization#ContinuousImprovement
CMOs have experienced significant growth in the alcohol industry due to their cost-effective solutions, expertise, and flexibility in production capacity
CMOs enable alcohol brands to outsource production, focus on core competencies, and scale operations based on market demand
🌿 Cannabis sales took a hit in 2022 with a -11-12% YoY decline.
By leveraging KPIs, cannabis operators can tackle falling sales, saving time and money.
Continuous improvement is the way. #CannabisIndustry#KPIs#data#DataDriven
As an asset-light model becomes a survival technique in the #cannabisindustry due to price compression and lack of new capital flowing in, CDMOs are well poised to help operators improve operational efficiencies, expand geographical presence, decrease resource costs, among others
Is your #cannabis brand connecting with your actual consumers, OR just with the purchasers of your products based on point-of-sale #data?
Here's how to achieve the former: "Uncovering the 'Invisible Shopper'" via @FatNugsMag https://t.co/PjS8YyBCmc
Product price compression in an inflationary environment presents a serious threat to smaller cannabis operators in MA.
One tool available to every operator is the use of internal data metrics to get a pulse on the business and optimize wherever possible. #cannabis#data#KPIs
A great metric to dive deeper into this phenomenon is rate-of-change in flower versus other product categories at retail.
How does this finding influence the percent biomass destined for shelves versus extraction in MA?
#cannabis#data#strategy
https://t.co/r0a2NzWaOC
"Our clients’ monthly reports are typically quite sparse for the first 2-3 months, but the longer our clients are enrolled in our SEO program, the more data we have to work with"
What gets measured gets managed; great piece by @pufcreativ#cannabis#data https://t.co/IkEJMEOvRk
"It’s so competitive now even in the limited-license markets [like Mass] that you can’t get away with not being mindful of the data whether it’s your own data or third-party data." ~Cy Scott #cannabis#cannabisindustry#data#dataanalytics
https://t.co/rZky5AD9b7
Breaking News: President Biden pardoned everyone convicted of marijuana possession under federal law and said the U.S. will review how the drug is classified. https://t.co/frPIONvJJc
“We don’t have an internal brand. Our business model focuses on supplementing the bandwidth of 3rd-party brands, whether you’re a grower, product manufacturer or dispensary that doesn’t have the resources to manufacture products internally." #cannabis#b2b
https://t.co/FgKf5JXzsA
As the author rightly points out, standardization is the only solution. In the meantime, however, brands can still achieve products of the highest quality and be able to actually back up that claim. Further, they'll win in the long run. #cannabis#quality
https://t.co/XM9ciQDjoI
There is higher turnover for #cannabis budtenders than in most other industries. This costs retailers tons of time and money.
Why is this happening and what can be done to retain employees? Our most recent research report dives into #data on this very topic. DM/email for a copy
Did you know becoming “data-driven” can lead to 15-20% increase in top line revenue?
This is accomplished by using data to make better #cannabis business decisions & improve operational efficiencies by measuring them.
And it’s not complicated – it just takes a data strategy.
We asked our constituents — all of whom are currently incarcerated on cannabis charges — what 4/20 means to them. This is some of what they had to say. 🧵 #420ForJustice
Data analytics firm "BDSA expects the vape technologies will adapt further to mitigate health risks and that vape products will continue to hold a 20+% share of sales in legal cannabis markets." #cannabis#vape#sales#data