Key Highlights: Ancillary cannabis business owners need to understand the available data options and how to use them to maximize their probability of success Data & reporting is a part of every modern day service, so you need the tools & the know how to empower your customers and partners External market data is [...]
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So far Henry F has created 26 blog entries.
Key Highlights: Understanding your profits and customers is key! Gross margin analysis can impact discounting, vendors, and employees Net margin analysis can impact investments, equipment, and efficiency Customer insights analysis can impact revenue, marketing, and product selection -- Do you have questions or need help with your cannabis business data? We’re here for you! [...]
Key Takeaways: Data mining is about organizing your data to identify patterns and insights looking back Predictive analytics is about using the data you mined to better understand a potential future Cannabis businesses can set themselves apart by using data mining & predictive analytics to improve business outcomes --- Guest Post This month's Guest [...]
Key Highlights: Any “live” or “production” data is clean enough to put to work “Too dirty” often means “don’t trust” - if you don’t trust your own numbers, a good data toolkit can empower you to build that trust If you are an active licensed cannabis business that is currently growing, manufacturing, and/or selling [...]
Guest Post This month's Guest Post is written by Keith Holecek, Managing Director of Data Operations & Client Services at Cannabis Benchmarks®. Keith has over 17 years of experience delivering software & services to commodity market decision-makers and is excited to introduce these topics to cannabis industry participants. Key [...]
Key Highlights: There are a number of data companies in the cannabis industry Most of the products focus on some level of market-level aggregation A handful of companies offer individual consulting Picking the right companies and products for your needs depends on your goals, opportunities, and challenges Complete list [...]
Guest Post In this guest post from Grower's Network, we interviewed Shane Hutto, owner of Horticultural Solutions Ltd and Horticultural Extracts LLC. Shane currently consults for commercial cannabis grow operations on greenhouse designs. You can read the full conversation about greenhouses at Grower's Network. How to Choose and Shop for the Right Commercial [...]
Key Highlights: Licensed cannabis businesses are generating millions of data records a day Most of the answers to your business questions come from just 5 data sources You already have a lot of valuable data accumulated in your cannabis business Mastering the information in each data source is the key to mastering your business [...]
Key Takeaways: Every unit, or department, in your business is deeply connected & related The data you already collect is an x-ray view into this connective tissue Understanding how aspects of your business relate will improve operations & profits Vertically integrated cannabis businesses can follow their products every step [...]
Key Takeaways: Your point-of-sale data alone can be very actionable - add financials and you’re a rock star Focusing on customer retention can dramatically improve your bottom line You need to understand how much you can spend to acquire a new customer Some cannabis patients or customers are much [...]