Overview of Excise Tax Regulations
Beginning January 1, 2023, the responsibility for collecting and paying the cannabis excise tax to the California Department of Tax and Fee Administration (CDTFA) shifts from distributors to cannabis retailers. In order to remain compliant with these regulations, dispensaries must shift their operations accordingly.
Grizzly Peak Ranked Top 3 in Sales
Grizzly peak is a renowned industry leader, and ranked top 4 in sales in 2022 in Preroll, indoor flower , and preroll pack categories for 9/12 months in 2022. Grizzly peak offers unique solutions to help retailers pivot and succeed with the shift to excise tax regulations.
Understanding the 4x4/4 Rule
Definition of the 4x4/4 Rule
The 4×4/4 rule is a simple, but effective way to manage inventory. The rule means to stock up the top four SKUs in each category such as prerolls, jars, concentrates and vapes. This helps stores focus on core revenue-generating brands while reducing cost of storage, labor and spoilage.
Benefits to Adopting the 4x4/4 Rule
Adopting the 4×4/4 rule allows cannabis retailers to take advantage of bulk purchasing deals, increase profitability, reduce costs associated with inventory management, and simplify compliance efforts for excise tax regulations.
Grizzly Peak and the 4x4/4 Rule
Grizzly Peak Rankz!! in Preroll, Indoor Flower, and Preroll Pack Categories
Grizzly peak has been consistently ranked in the top four for prerolls, indoor flower, and preroll packs categories over the past year of 2022. This is due to Grizzly Peak’s high-quality products and competitive pricing.
Consolidating SKUs for Maximum Profit
By consolidating SKUs instead of price, Grizzly Peak helps retailers make more profitable decisions. Grizzly peak offers a wide variety of product types in each category for retailers to choose from, allowing them to focus on the categories that generate the most revenue.
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Conclusion
Grizzly peak is an industry leader, helping cannabis retailers pivot and succeed in the shift to excise tax regulations through its 4×4/4 rule and shodel system. Grizzly peak offers top quality products in the prerolls, indoor flower, and preroll packs categories at competitive prices.
By adopting Grizzly Peak’s 4×4/4 rule, retailers can take advantage of bulk purchasing deals, increase profitability, reduce costs associated with inventory management, and simplify compliance efforts. Grizzly peak’s shodel system also helps retailers stay up-to-date on the ever-changing regulations and reduce costs associated with compliance efforts. With Grizzly Peak’s help, cannabis retailers can pivot for continued success.
Grizzly peak has been consistently ranked in the top four for prerolls, indoor flower, and preroll packs categories over the past year due to their high-quality products and competitive pricing. Grizzly peak’s 4×4/4 rule and shodel system helps retailers maximize profit and remain compliant with excise tax regulations. Grizzly peak is an industry leader that cannabis retailers can trust to pivot for continued success.
