Connect with us

featured

How to Make Cannabis Inventory Decisions That Drive Profit

Published

on


Managing cash flow while optimizing inventory is no easy task in an industry marked by tight margins and regulatory hurdles. Dispensaries and vertically integrated operators alike are caught between financial constraints and the need for efficient systems, processes, and people to drive profitability.

Flipping the Mindset: From Seed-to-Sale to Sale-to-Seed
Traditionally, the cannabis industry has operated on a “seed-to-sale” model, focusing on tracking product from cultivation to final sale. This model ensures compliance with regulatory requirements and helps maintain product quality and safety. However, flipping this mindset to a “sale-to-seed” strategy could be the key to unlocking sustainable growth and profitability. By putting data-driven procurement at the forefront, operators can make smarter inventory decisions that protect margins and improve cash flow.

Leveraging Point-of-Sale Analytics
One of the critical steps in adopting a sale-to-seed approach is leveraging Point-of-Sale (POS) analytics to understand purchasing patterns and margins. By analyzing sales data, dispensaries can identify which products are not only best-selling but also those driving the largest margins. This information is crucial for making informed decisions about what to stock and in what quantities. For example, if a particular cannabis strain is consistently selling out, it may be worth increasing the order quantity or even considering cultivating it in-house if the margins can support that approach. It can also assist with vendor coordination, discounting management and menu components.

Analysis of a particular product type may be revealing. For example, compare sales, traction rate, and margin for 3.5g hybrid small-bud flower.  It may be surprising that, although one brand may have higher sell-through, the margins may be lower than another product in the same category. Action items could be to negotiate a better cost with the vendor, test various pricing changes, and/or promote the higher-margin product more extensively.

For high-volume, low-margin products, there may be specific circumstances that led to the higher sales and/or lower margins. Before making any decisions about purchasing volume, identify possible reasons. Was there a specific promotion?  Bundle? Sometimes, products on promotion from vendors might sell quickly but offer lower margins. POS analytics can help dispensaries identify if these promotions are truly beneficial. Did it lead to buyer loyalty, even when pricing is returned to market value?

POS analytics tools can provide insights into customer preferences, peak purchasing times, and seasonal trends. By understanding these patterns, businesses can optimize their inventory levels, reduce stockouts, and minimize excess inventory. Additionally, POS analytics can help identify slow-moving products that may need to be discounted or removed from the inventory altogether. 

Forecasting Demand Based on Market Trends and Consumer Behavior
Another essential component of the sale-to-seed strategy is forecasting demand based on market trends, historical sales data and consumer behavior. This involves looking at broader industry trends, such as the increasing popularity of certain product types (e.g., edibles, infused prerolls) and seasonal variations in demand. For example, if data shows a spike in demand for edibles during the holiday season, businesses can plan their inventory accordingly to meet this demand.

By understanding these trends, operators can better anticipate which products will be in high demand and adjust their inventory accordingly. This proactive approach helps prevent stockouts and overstock situations, both of which can negatively impact cash flow.

Evaluating Make-or-Buy Decisions
Evaluating make-or-buy decisions is another critical step in the sale-to-seed strategy for vertically integrated businesses. This involves determining whether it is more cost-effective to produce a product in-house or to purchase it from a third-party supplier. For example, if a dispensary finds that it can buy a particular product from a vendor at a lower cost than it would take to produce it in-house, it may make sense to outsource that product. Conversely, if the margins are better for in-house production, the dispensary may choose to invest in the necessary equipment and resources to produce the product themselves.

Make-or-buy decisions should be based on a thorough analysis of costs, quality, and capacity. Businesses need to consider factors such as production costs, lead times, and the availability of raw materials. Additionally, they should evaluate the potential risks associated with outsourcing, such as supply chain disruptions and quality control issues.

Implementing Just-in-Time Inventory Practices
Implementing just-in-time (JIT) inventory practices is another way to optimize inventory and improve cash flow. JIT inventory management involves ordering and receiving inventory only as it is needed, rather than keeping large quantities of stock on hand. This approach helps minimize carrying costs and reduces the risk of product expiration, which is particularly important given the limited shelf life of cannabis product. By keeping inventory levels lean, dispensaries can free up cash that would otherwise be tied up in excess stock.

JIT inventory practices require close coordination with suppliers and vendors and a robust inventory management system. Businesses need to have real-time visibility into their inventory levels and demand forecasts to ensure they can meet customer needs without overstocking. Additionally, they should establish strong relationships with reliable suppliers and vendors who can deliver products quickly and consistently.

Technology and Tools for Inventory Management
The cannabis industry has access to a wide range of technologies and tools that can help optimize inventory management and cash flow. Inventory management software, POS systems, and advanced analytics tools are just a few examples. These technologies can provide real-time insights into inventory levels, sales trends, and customer preferences, enabling businesses to make data-driven decisions.

For example, inventory management software can automate the tracking of stock levels, generate reorder alerts, and provide detailed reports on inventory performance. POS systems can capture sales data and, through various tools or dashboards, can integrate with inventory management software to provide a comprehensive view of the business. Advanced analytics tools can analyze this data to identify trends, forecast demand, and optimize inventory levels.

Sale-to-Seed Is Gaining Traction
While perhaps not yet formally dubbed “sale-to-seed,” the industry is firmly pointed in the direction of effective inventory management and cash flow optimization.

Flipping the traditional seed-to-sale mindset to a sale-to-seed strategy can help cannabis operators make smarter inventory decisions that protect margins and improve cash flow. By leveraging POS analytics, forecasting demand based on market trends and consumer behavior, evaluating make-or-buy decisions, and implementing JIT inventory practices, dispensaries and vertically integrated businesses can navigate the financial constraints and regulatory hurdles of the industry more effectively. This data-driven approach not only helps optimize inventory but also drives profitability and sustainable growth in the competitive cannabis market.

Janice O’Reilly, CPA, CGMA, is a leader in AAFCPAs’ Cannabis practice and its CannCount data intelligence advisory services, providing financial leadership and strategic guidance to cannabis operators at every stage of growth. She has extensive experience advising operators on strategies to improve cash flow management and profitability—all tailored to the unique complexities of the cannabis industry. Additionally, O’Reilly plays a key role in the firm’s Business Transaction Advisory practice, helping clients navigate buy-side, sell-side, and internal transactions with informed decision-making and execution throughout the deal cycle.



Source link

mscannabiz.com
Author: mscannabiz.com

MScannaBIZ for all you Mississippi Cannabis News and Information.

featured

Rhode Island Opens Applications for 24 Adult-Use Dispensary Licenses

Published

on


[PRESS RELEASE] – WARWICK, R.I., Sept. 12, 2025 – The Cannabis Control Commission  (CCC) opened the application period for adult-use cannabis retail licenses, marking the beginning of the largest expansion to Rhode Island’s cannabis industry. The commission is authorized under the Rhode Island Cannabis Act to license up to 24 retail establishments statewide, divided equally across six geographic zones, making this announcement a defining moment in shaping the state’s cannabis marketplace.

Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570
Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570

“Today’s announcement represents years of work, collaboration and preparation to ensure Rhode Island has a cannabis marketplace that is safe, transparent, and equitable,” CCC Chairperson Kim Ahern said. “The release of this application and launch of our submission portal is not only about opening doors for businesses but about creating meaningful opportunities for Rhode Islanders while keeping public health and public safety at the center of everything we do.”

Advertisment: Cannabis Business Times » Green Check Webinar Promo House Ad » CBT_Green Check Sept 2025 Webinar Promo Medium Rectangle 300x250 » green-check-whitepaper-webinar300x250 (1)-RESIZED FINAL.jpg
Advertisment: Cannabis Business Times » Green Check Webinar Promo House Ad » CBT_Green Check Sept 2025 Webinar Promo Medium Rectangle 300x250 » green-check-whitepaper-webinar300x250 (1)-RESIZED FINAL.jpg

With only 24 retail licenses available statewide, the launch of the application process is expected to draw significant interest from prospective applicants. Together with the Social Equity Applicant Status Certification Portal, which opened in August, the application process reflects the CCC’s deliberate steps toward building a cannabis industry that prioritizes economic opportunity, equity and fairness in Rhode Island.

“Rhode Island’s cannabis market is poised for growth, and this application is helping us do exactly that,” Gov. Dan McKee said. “As we expand the cannabis industry here in the Ocean State, we’re opening the doors to new investment, new good-paying jobs, and new opportunities for our economy.”

Advertisment: Emerald Harvest » Emerald Harvest Order 115 » CBT ROS Leaderboard Ad 728x90 September 2025 » eh-360-web-banner-728x90

Adult-use retail licenses will authorize sales of cannabis products to adults 21 and older. By releasing the application and opening the submission portal simultaneously, the commission is providing applicants with a transparent process while reinforcing its commitment to accountability and access.

“Today’s release of the adult-use retail license application reflects the commission’s commitment to equity and accountability,” Commissioner Layi Oduyingbo said. “This framework provides applicants with the information they need while reinforcing our responsibility to safeguard public health and consumer safety.”

Commissioner Robert Jacquard said, “The commission aims to make this application process as business-friendly as possible, while upholding standards that will protect public health.”

To ensure the process is fair and accessible, the commission and Cannabis Office will provide technical assistance resources and ongoing guidance for prospective applicants. Applications will be accepted until 4 p.m. on Dec. 29, 2025.

“This is a milestone that reflects the dedication and perseverance of so many people,” Cannabis Office Administrator Michelle Reddish said. “From lawmakers and advocates to community members and our dedicated staff, countless individuals have helped build the foundation for this moment. By publishing the application today, we are taking a historic step toward building a cannabis marketplace that serves consumers, supports equity and advances public health in Rhode Island.”

The adult-use retail license application is available on the commission’s website at www.ccc.ri.gov/auapp.



Source link

mscannabiz.com
Author: mscannabiz.com

MScannaBIZ for all you Mississippi Cannabis News and Information.

Continue Reading

featured

Can LSD Battle Anxiety? The Answer Is Yes, According to Science

Published

on


Hands down, one of the drugs that has received the worst press in the decades marked by the War on Drugs has been LSD. All sorts of things have been said about this molecule: that it drives you crazy, or suicidal, that it remains stored in your body forever, that it irreparably damages the brain… Fortunately, we now have professionals investigating the matter, with a scientific perspective rather than a moralistic or prohibitionist one.

One of the latest findings on the subject seems to directly contradict one of the great myths about LSD: instead of leading to insanity, this compound could reduce anxiety. This is according to a study by Mind Medicine (MindMed) Inc., a biopharmaceutical company that has been researching psychedelic compounds for mental health for many years. While the preliminary results were released in 2022, they were officially published this month in the Journal of the American Medical Association.

This isn’t the first time MindMed has embarked on studying this topic: it had already achieved positive results with LSD for anxiety on another occasion. In fact, the FDA granted Breakthrough Therapy designation for generalized anxiety disorder (GAD) to the company’s proprietary drug candidate, MM120, a pharmacologically optimized formulation of LSD.

LSD and Anxiety: What the MindMed Study Says

The company conducted a multicenter, randomized, double-blind, placebo-controlled Phase 2b study at 22 outpatient psychiatric research centers in the US. The effects of a single dose of MM120 (lysergide D-tartrate, LSD) were analyzed in 198 adults with moderate to severe generalized anxiety disorder (GAD). Participants experienced sustained improvements in their condition over the 12-week observation period.

According to the company’s press release, this is the first randomized, placebo-controlled trial evaluating a single treatment at four dose levels (25, 50, 100, or 200 µg), without any psychotherapeutic intervention.

The optimal dose of MM120 was determined at 100 µg. This demonstrated a “clinically and statistically significant improvement vs. placebo, and a 65% clinical response rate and 48% clinical remission rate” at the end of the experiment.

Likewise, tolerance to the medication was positive, with the expected adverse effects of an LSD experience remaining mild to moderate and lasting only one day.

During the study, participants receiving medication for their condition had to discontinue such treatment under the supervision of the study professionals. Furthermore, on the day of dosing, they were offered “standardized music and eyeshades and could lie down, move freely around the room, read, write, or draw.” It should be noted that the study protocol explicitly prohibited participation in psychotherapy.

Dr. Maurizio Fava, one of the study’s authors, stated that “this study is a true turning point in the field of psychiatry… For the first time, LSD has been studied with modern scientific rigor, and the results are both clinically meaningful and potentially paradigm-shifting for the treatment of GAD. GAD affects 26 million adults in the U.S., yet no new medications have been approved since 2007—and first-line treatments fail 50% of patients.”

Thus, scientific innovation continues to advance against the willful ignorance of prohibitionists, working tirelessly to ensure patients have access to the relief that traditional therapies fail to provide.

This article was first published on El Planteo.



Source link

mscannabiz.com
Author: mscannabiz.com

MScannaBIZ for all you Mississippi Cannabis News and Information.

Continue Reading

featured

Kentucky Medical Marijuana Dispensaries Should Be Stocked With Products Ready For Sale By Next Month, Top State Official Says

Published

on


Kentucky’s top medical marijuana regulator said he expects that dispensary shelves will be stocked with products ready for sale to patients by next month.

Two of the state’s 16 medical cannabis cultivators are now operational, according to Cannon Armstrong, executive director of Kentucky’s Office of Medical Cannabis (OMC).

“If everything goes according to plan for them, I think that they’ll have medical cannabis that will be ready to harvest and be put on the shelf, you know, by October,” he told Spectrum News 1. “So we’re moving and we’re finally getting to a point where we’re, these patients are going to receive this medication sooner than later.”

Armstrong predicted that the first sales will likely occur at a dispensary in Beaver Dam called The Post.

“I think you’re going to see the first products out there based upon just how it’s shaken out,” he said. “You know, someone may step up their timeline and may get out there before that or get product from there and place it somewhere else in the state.”

As of now, OMC has approved more than 19,000 patients certifications, Armstrong said.

He added that medical cannabis supplies should be relatively scarce as the market first launches, and said that as a result initial prices will be higher than they eventually will be.

Earlier this month, Gov. Andy Beshear (D) said he thought medical marijuana would be available to Kentucky patients by the end of 2025.

“The medical marijuana program is moving forward,” he said at a press briefing at the time.

“I think most of our dispensaries now have their home address [and] are set about where they’re going to be, but [for] some of the inspections that have to happen in dispensaries, they have to have product that’s there,” he said. “So I do believe they’ll be operating before the end of the year.”

Those comments came roughly a month after the governor announced that the state’s first medical cannabis dispensary has officially been approved for operations, calling it “another step forward as we work to ensure Kentuckians with serious medical conditions have access to the medicine they need and deserve.

He previously touted an earlier “milestone” in the state’s forthcoming medical marijuana program, with a licensed cultivator producing “the first medical cannabis inventory in Kentucky history.”

Beshear’s office has said that other cannabis licensees, including processors and testing labs, are expected to become operational soon.

In July, Beshear sent a letter to President Donald Trump, urging him to reject congressional spending bill provisions that would prevent the Justice Department from rescheduling marijuana.

In the letter to the president, he emphasized that a pending proposal to move cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA) is something “you supported in your presidential campaign.”

“That process should be allowed to play out. Americans deserve leadership that won’t move the goalposts on them in the middle of the game,” Beshear said, noting that he was among the tens of thousands who submitted public comments in favor of the reform after it was initiated under the Biden administration, “demonstrating broad public interest in rescheduling.”

“I joined that effort because this is about helping people. Rescheduling would provide suffering patients the relief they need,” the governor said. “It would ensure communities are safer—because legal medical products reduce the illicit market. It would provide new, meaningful research on health benefits.”

Beshear also mentioned a letter to DEA he signed onto last year urging rescheduling, “because the jury is no longer out on marijuana. It has medical benefits.”

Back on the state level, the governor recently said he acknowledges that “it’s taken longer than we would have liked” to stand up the industry since he signed medical marijuana legalization into law in 2023.

In recognition of that delayed implementation, he recently signed an executive order to waive renewal fees for patients who get their cards this year so that they don’t get charged again before retailers open. And another order he signed providing protections for qualified patients who obtain medical marijuana outside of Kentucky “will stay in place.”

Beshear separately announced in May that the state has launched a new online directory that lets people see where medical cannabis dispensaries will be opening near them.

He emphasized that the state has been working to deliver access to patients “at the earliest possible date,” and that involved expediting the licensing process. The governor in January also ceremonially awarded the commonwealth’s first medical marijuana cards.


Marijuana Moment is tracking hundreds of cannabis, psychedelics and drug policy bills in state legislatures and Congress this year. Patreon supporters pledging at least $25/month get access to our interactive maps, charts and hearing calendar so they don’t miss any developments.


Learn more about our marijuana bill tracker and become a supporter on Patreon to get access.

Meanwhile, the governor sent a letter to Kentucky’s congressional delegation in January, “urging them to take decisive action to protect the constitutional rights of our law abiding medical cannabis patients” by repealing the federal ban on gun possession by people who use marijuana.

That came after bipartisan Kentucky senators filed legislation that similarly called on the state’s federal representatives to take corrective action, which Beshear said he supports but would like to see even more sweeping change on the federal level.

The federal Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) warned Kentucky residents late last year that, if they choose to participate in the state’s medical marijuana program, they will be prohibited from buying or possessing firearms under federal law.

As far as the implementation of the state’s medical cannabis law goes, Beshear said in his State of the Commonwealth address in January that patients will have access to cannabis sometime “this year.” He also later shared tips for patients to find a doctor and get registered to participate in the cannabis program.

Health practitioners have been able to start assessing patients for recommendations since the beginning of December.

While there currently aren’t any up-and-running dispensaries available to patients, Beshear has further affirmed that an executive order he signed in 2023 will stay in effect in the interim, protecting patients who possess medical cannabis purchased at out-of-state licensed retailers.

During last year’s November election, Kentucky also saw more than 100 cities and counties approve local ordinances to allow medical cannabis businesses in their jurisdictions. The governor said the election results demonstrate that “the jury is no longer out” on the issue that is clearly supported by voters across partisan and geographical lines.

Marijuana Moment is made possible with support from readers. If you rely on our cannabis advocacy journalism to stay informed, please consider a monthly Patreon pledge.

Become a patron at Patreon!



Source link

mscannabiz.com
Author: mscannabiz.com

MScannaBIZ for all you Mississippi Cannabis News and Information.

Continue Reading
featured7 minutes ago

Rhode Island Opens Applications for 24 Adult-Use Dispensary Licenses

video50 minutes ago

Kentucky still waiting on medical marijuana dispensaries 9 months after law passed

featured1 hour ago

Can LSD Battle Anxiety? The Answer Is Yes, According to Science

video2 hours ago

Six hurt in shooting at marijuana event in SF's Bayview

featured2 hours ago

Kentucky Medical Marijuana Dispensaries Should Be Stocked With Products Ready For Sale By Next Month, Top State Official Says

video3 hours ago

Deputies: 3,500 child sex abuse images, marijuana grow operation found in NC home raid

featured3 hours ago

Regulators Ready to Enforce Cannabis Laws on Hemp THC Retailers in Maryland

video4 hours ago

California reaps over $250 million from 2nd Quarter cannabis sales

featured4 hours ago

Meet the World’s First Cannabis Rugby Team: Crewmen 7’s Tackle Stigma Head-On

featured5 hours ago

Texas Supreme Court Refuses To Take Up Marijuana Case Challenging State’s Rejection Of Local Decriminalization Law

featured6 hours ago

California Passes Bill to Ban Intoxicating Hemp Products Outside Cannabis Market

featured7 hours ago

Pending Federal Hemp Legislation Could Reshape The Legal Industry By Banning Some Products (Op-Ed)

featured8 hours ago

Verano Proposes to Redomicile Parent Company From British Columbia to Nevada

video9 hours ago

8,000 cannabis plants seized from illegal Bradford grow-op

featured9 hours ago

New York Lawmakers Schedule Psychedelics-Focused Hearing To Discuss ‘Medicinal Value And Risks’ Of Psilocybin

featured10 hours ago

Curaleaf Opens Cannabis Dispensaries in Florida, Ohio

featured11 hours ago

How to Protect Your Outdoor Cannabis Crops From Pests

featured13 hours ago

Feds provide anti-cannabis group a platform to bash legalization (Newsletter: September 15, 2025)

Mississippi Cannabis News18 hours ago

Dozen arrested after south Mississippi bust for illegal sales to underage customers

featured1 day ago

The Toking Traveler: Why Amsterdam Weed Is Mostly Boof

featured1 day ago

Arkansas Medical Marijuana Sales Are On Track To Set A New Annual Record

featured2 days ago

When Cannabis Brands Blur Into Youth Culture, Regulators Notice: Lessons From Tobacco’s Past

featured2 days ago

Rhode Island Marijuana Dispensary License Application Process Officially Launches

video2 days ago

Middle school student found with cannabis in bookbag, Charles County deputies say

California Cannabis Updates1 year ago

Alert: Department of Cannabis Control updates data dashboards with full data for 2023 

Breaking News1 year ago

Connecticut Appoints The US’s First Cannabis Ombudsperson – Yes there is a pun in there and I’m Sure Erin Kirk Is Going To Hear It More Than Once!

best list1 year ago

5 best CBD creams of 2024 by Leafly

Business12 months ago

EU initiative begins bid to open access to psychedelic therapies

cbd1 year ago

New Study Analyzes the Effects of THCV, CBD on Weight Loss

Bay Smokes1 year ago

Free delta-9 gummies from Bay Smokes

cannabis brands12 months ago

Discover New York’s dankest cannabis brands [September 2024]

autoflower seeds12 months ago

5 best autoflower seed banks of 2024 by Leafly

Hemp1 year ago

Press Release: CANNRA Calls for Farm Bill to Clarify Existing State Authority to Regulate Hemp Products

Breaking News1 year ago

Curaleaf Start Process Of Getting Their Claws Into The UK’s National Health System – With Former MP (Resigned Today 30/5/24) As The Front Man

California1 year ago

May 2024 Leafly HighLight: Pink Runtz strain

Mississippi Cannabis News1 year ago

Local medical cannabis dispensary reacts to MSDH pulling Rapid Analytics License – WLBT

Business1 year ago

Recreational cannabis on ballot for third time in South Dakota

best list1 year ago

5 best THC drinks of 2024 by Leafly

Mississippi Cannabis News1 year ago

Horn Lake denies cannabis dispensary request to allow sale of drug paraphernalia and Sunday sales | News

Mississippi Cannabis News1 year ago

Mississippi city official pleads guilty to selling fake CBD products

best list1 year ago

6 best CBD gummies of 2024 by Leafly

Breaking News1 year ago

Nevada CCB to Accept Applications for Cannabis Establishments in White Pine County – “Only one cultivation and one production license will be awarded in White Pine County”

Arkansas12 months ago

The Daily Hit: October 2, 2024

best list1 year ago

5 best delta-9 THC gummies of 2024 by Leafly

Breaking News1 year ago

Weekly Update: Monday, May 13, 2024 including, New Guide for Renewals & May Board meeting application deadline

Breaking News1 year ago

PRESS RELEASE : Justice Department Submits Proposed Regulation to Reschedule Marijuana

best list1 year ago

5 best THCA flower of 2024 by Leafly

Mississippi Cannabis News1 year ago

People In This State Googled ‘Medical Marijuana’ The Most, Study Shows

Trending