Even in an up market, it can be challenging for cultivators, retailers, processors and brands to succeed. Competition continues to peak, and in a down market with major price compression, even the most savvy and skilled businesses owners and managers can struggle. According to Cannabis Business Times’ 2023 “State of the Cannabis Cultivation Industry Report,” more than half (53%) of cultivators reported that they are not profitable; yet, nearly four in ten (39%) said they are making a profit.
What are those who are profitable doing that others aren’t? What can plant-touching cannabis owners/CEOs/businesses do to increase profit margins and turn their businesses around to profitability, especially in down markets?
In this crucial session, Dennis O’Malley will share proven, step-by-step strategies that have helped turn unprofitable businesses into profitable ones. You’ll leave with tactics you can apply immediately to your business to begin the transition to increased margins and profits.
