{"id":10290,"date":"2022-11-16T02:09:31","date_gmt":"2022-11-16T02:09:31","guid":{"rendered":"https:\/\/ultimatehealthreport.com\/can-automation-save-your-cannabis-business-from-recession\/"},"modified":"2022-11-16T02:09:31","modified_gmt":"2022-11-16T02:09:31","slug":"can-automation-save-your-cannabis-business-from-recession","status":"publish","type":"post","link":"https:\/\/ultimatehealthreport.com\/can-automation-save-your-cannabis-business-from-recession\/","title":{"rendered":"Can Automation Save Your Cannabis Business From Recession?"},"content":{"rendered":"
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Everyone is talking about the recession. We are all feeling its impact one way or another. If you are running a cannabis business, you might already be seeing signs that tough times are up ahead. Since the rising cost of goods means shoppers have less cash, competition is much stiffer. Some retailers are already marking down prices to attract more shoppers but this short\u2013term solution just leaves most players in the industry with lower profit margins.\u00a0<\/p>\n
In addition to all this, your employees might already be experiencing a low morale because of the rising cost of everyday goods. This can\u2019t be good for your business, right? You\u2019re probably asking yourself if you can weather the storm.\u00a0<\/p>\n
Since the cannabis industry is still in its infancy, it\u2019s hard to say if it is truly recession-resistant. However it is safe to expect, just like in any recession, some businesses will come out as winners. Others, unfortunately, will have to bear the lifelong impacts of this economic crisis.\u00a0<\/p>\n
There are many ways to help your cannabis business survive and even thrive in these uncertain times. Given the current economic landscape, automation for cannabis businesses can help save time, money, and energy. While it\u2019s not a silver bullet that can solve all business problems, it can improve efficiency and ultimately help profits.\u00a0<\/p>\n
Empowering a business with automation can help keep customers happy and even help a brand grow during these challenging times. There are several measurable ways automation can help cannabis companies.<\/p>\n
Automation in the cannabis industry is underutilized. Adding automation to cut costs and increase throughput on your production may help create resiliency and come out of the recession on top.\u00a0<\/p>\n
For those in gummy manufacturing, an automated gummy filling machine like the DM50 from One Supply creates up to 18,000 cannabis gummies per hour. If you are producing half that amount now manually through other methods, increasing volume will increase revenues, and could help carry your brand through tough times. An entry piece of automation equipment like the DM50, at a competitive price, could help a cbd gummy manufacturer who has been using human workers increase productivity without breaking the bank. One Supply reported the DM50 can reduce three workers to one, resulting in over $200,000 of increased profits on a $70K investment. It\u2019s also a good option if you are just looking to expand your product offerings. Opening up a new revenue stream is always a good option for recession proofing.<\/p>\n
If you are in vape manufacturing then pre-loaded trays can help your production definitely become more efficient. Effectively reducing the time it takes to set up cartridges for filling. By having ready-to-go trays you can fill product 4x faster and can check off that box for efficiency in your vape business.<\/p>\n