BDS Analytics’ GreenEdge™ for Dispensaries

 

We get it. You're busy.

Our easy-to-read, easy-to interpret custom BDS Analytics' GreenEdge(TM) Dashboards help you work smarter, not harder.

We get you and your dispensary the data and insights you need quickly, so you can get ahead, stay ahead and get back to work.


So, what can you learn from GreenEdge(TM) that you don't already know?

1. Are you selling the right kinds of products?

Carrying too many or two few products in a given category can mean you are leaving money on the table.  Using the GreenEdge™ Dashboard, you can easily compare your sales by category to what is selling across the state – the difference between the two represents opportunity for your business.  We like to call that low hanging fruit.

2. What products should you carry that you're not carrying now? 
Easily identify what new products you should consider stocking.

Our data tracks sales down to the product and brand level. (Yes, really.)  See...


So, that means you not only can you find opportunities to grow your business, you can actually leverage them. Just click to identify successful products your customers will enjoy and buy again and again. 

3. Are your prices too high or too low?

Whether you're a boutique shop, an independent retailer or a large chain you want to make sure your prices are appropriate for your market.
Very often we find that our dispensary clients are under-priced with some products and overpriced with others. By seeing prices across the state, on the very products you carry, you can be consistent in your strategy, and avoid leaving money on the table. 

 

4. What products will be popular a few months from now? Next season?

With GreenEdge™ easily see what categories are growing the fastest so you can plan (and order) accordingly. Then quickly drill into the data to see what products you should stock. Have inventory when others are scrambling.

 


Ready to learn more?

Request a demo now


See what our dispensary clients say about our BDS Analytics' GreenEdge(TM) data service:

"BDS Analytics provides us with reliable and consistent data in a sea of changing regulations and uncertainty. BDS Analytics GreenEdge data has given us insight into a brand new industry and allowed us to begin tracking emerging trends. The cannabis industry does not have any precedent to follow. BDS Analytics makes it possible for our dispensary to define and set our own precedents. Our business is stronger because of the data we get from BDS Analytics."
-Emma Chasen, Director of Education for Farma (Portland, Oregon)

 
“We use GreenEdge™ almost daily to help us with decisions about purchasing, pricing, inventory levels and merchandising. We recently recognized from GreenEdge™ that we had an opportunity to make changes to our concentrates pricing that resulted in a large increase in revenues."
-Sally Van DerVeer, President, Medicine Man Technologies - Denver, CO

BDS Analytics' GreenEdge(TM) FAQs:

Where does your data come from?
How do you know your data is accurate?
Is my data secure?
I have exclusive relationships with vendors, can other people see what I am selling?
How often is the data updated?
What if I have questions, do you have customer service?
But my store is different, this data won’t represent my customers…
How much time does it take for me or a team member to participate each month?
Can I see data from other states?
Can I export the information?
How much does it cost?

 

Where does your data come from?

BDS Analytics’ GreenEdge™ works just like other consumer data companies you may know of, like Nielsen, IRi or NPD Group.  Our data is collected from dispensary point-of-sale systems and then analyzed and projected out to represent the entire market.

In every market we serve we recruit a dispensary data panel – dispensaries of all types from around the state to serve as the foundation for our financial projections. We’ve processed more than 350 million legal cannabis transactions to date.

 

How do you know your data is accurate?

Not only do we go through great lengths to ensure our data is projected with precision, we know it is accurate because our clients say so. We often work with brand clients who say things like, “how did you know how much money we made last year?”

 

Is my data secure?

Yes. At BDS Analytics data security is of paramount importance. We never disclose who is participating in our data panel (unless they give us explicit permission to do so.) We aggregate and anonymize your data, so none of it is identifiable as yours. We never collect any patient data. We only collect what was sold, on what day and how much.

 

I have exclusive relationships with vendors, can other people see what I am selling?

No. If you have exclusive relationships with vendors, their products will show up on your MyStore Dashboard but not in the state database in any identifiable way.  In order for a product to show up, it must be sold in more than two dispensaries and/or more than 95% of total revenue for any given product cannot come from one location.

 

How often is the data updated?

We update our data monthly. Our client prefer this because it provides them a cadence with which to analyze sales and make necessary changes.

 

What if I have questions, do you have customer service?

Of course. If you have a question or want help making sense of your GreenEdge™ dashboard just give us a call or email (Link to contact info) and we can walk you through it – we have dedicated Account Manager to make sure you make the most of the information we provide.

 

But my store is different, this data won’t represent my customers…

 

We find that actually, consumers behave more similarly than they do differently. Yes, you might see some small changes in purchase patterns in tourist towns vs. chic urban neighborhoods, but by and large consumers are a predictable bunch.

 

How much time does it take for me or a team member to participate each month?

If you automate reporting with us, participation requires no time commitment from you. If you prefer to send reports manually then it takes roughly five minutes to run and send reports monthly.

 

Can I see data for other states?

You can purchase data from additional states outside your market; contact your BDS Analytics Account Manager for details. For a higher-level view into multiple markets, we also recommend an NCIA membership. Through our exclusive partnership with NCIA, you will gain access to high-level category data for every state that we track as a member benefit. Learn more about NCIA membership here.

 

Can I export the data?

Yes! Getting ready for your investor pitch just got a whole lot easier. All charts are exportable in .png or .csv file formats.

 

How much does it cost?

Our cost structure depends on a few different variables. If you operate a dispensary and that is it then the price for you in nominal. After a free trial period, if you decide to stay with the network, you pay $100/mo for one location, $75 for the second location, $50 for the third and $25 for each subsequent location. However, many dispensary owners are also growers, processors or MIPs and that influences the pricing structure.  For a clear understanding of costs, schedule a demo to get started.