This sentiment rings especially true incannabis, where too often we find ourselves needing to build from scratch.
Building from the ground up is no small task, as anyone in the space knows.
Weve made incredible progress and the industry has grown tremendously both in terms of size and sophistication.
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The problems, however, are going to continue to get more complex.
Ive also talked about how we need to embeddatainto our key decisions and processes.
Instead, they utilize data to forecast demand, understand customer segmentation and optimize price points.
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.
That amounts to more than 1.5 months worth of all U.S. cannabis retail sales.
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LeafLink, my company, has felt this firsthand with retail partners that couldnt keep up with invoices.
We must also leverage known solutions that are sensitive to the industrys specific nuances.
With PoST, retailers and brands collaborate on their orders based on actual sell-through.
Further, it sets a dynamic payment term tied to the actual sell-through of the product.
However, with every new solution thats created, we move the industry forward and better serve customers.
