Retail KPIs – Inventory Turnover
Dispensaries must sell; the sole activity of cannabis retail spaces is to make sales, and as such it’s important to ensure that inventory is moving through from delivery to final sale in a timely manner that addresses product quality. This concept is represented numerically by the KPI “inventory dwell time,” or the average length of […]
Concentrating Value – Part 3 – To Solvent or Not to Solvent
In this edition of our Concentrating Value series, Fire Business Strategies gives some quick insight into the nuances of solvent vs. solventless cannabis extraction.
Concentrating Value – Part 2 – Bud Structure & Trichome Structure
While it may seem like high THC bud = big yields, any hashmaker will tell you that’s not the whole case. No extraction process is perfect, so it’s best to think of a flower’s THC content as its maximum potential. Morphological differences between genetics, and even buds from different parts of the plant, can play […]
Grams Per What? — how to choose & use cultivation yield KPIs for your business
This week Fire Business Strategies is tackling cultivation KPIs and some of the ins and outs of using yield as an indicator of success.
Establishing and Maintaining KPIs
How do you choose the right KPIs for your business? How do you gather and interpret that data? Fire Business Strategies recommends a 3-step cycle to establish and maintain KPIs. First Evaluate the needs of the business, its data collection and evaluation resources, and past performance. Then Establish appropriate benchmarks, objectives, and infrastructure. Then Monitor […]
Micro Money: Dissecting the New York Microbusiness License & Microbusiness Profitability
Today we briefly discuss the microbusiness, in particular the New York microbusiness vertical, and the potential of these businesses there and in some neighboring states.
How Could Schedule III Impact Profitability? We Simulated 4,000 Colorado Cannabis Businesses to Find Out.
Suffice to say (this article is about math after all),[1] rescheduling may have a variety of potential effects on cannabis businesses. Most notably for purposes of this article, many commentators have speculated whether rescheduling, as implemented, will remove the tax burden of 280E from state licensed operators.
Who We Are
The brainchild of cannabis attorney Aaron Tucker and cannabis specialist Andrew Mahoney, Fire Business Strategies brings together a team of professionals with unprecedented experience in cannabis licensing, branding, marketing, operations, and beyond with one simple goal—grow fire cannabis companies. Our mission is to make cannabis business accessible, efficient, and profitable for our partners. We do […]