Oregon Market Case Study
The Oregon market is a cornerstone of the cannabis industry. It was one of the first states to legalize the plant, it’s home to some of the biggest brands in the market, and continues to set records for cannabis grown (and sold). However, being a guinea-pig market, with lots of competition, and an oversaturation of products leading to low prices, can lead to significant hurdles for businesses looking to break ahead in the Beaver state.
Oregon’s unique dynamics made it the perfect place for 240 Logistics to launch our FlyWheel technology and centralized buying solutions and allowed us to prove the value of our solutions to growing businesses and brands. 240 Logistics introduced FlyWheel and operationalized Pharmer’s Market to address the specific needs of Oregon operators, and here are the ongoing results of that effort.
The Problem
Oregon’s cannabis market was facing significant inefficiencies in inventory management, transportation, and brand market entry. Retailers and brands were struggling to maintain streamlined operations, leading to lost revenue opportunities and operational challenges.
The Solution
FlyWheel has integrated with over 80 retailers in Oregon, providing them with the tools needed to optimize inventory management and streamline operations. Here are the results we saw from this effort:
Integrated FlyWheel for Better Inventory Management
FlyWheel was implemented across the state, providing retailers of all sizes with a robust platform to manage their inventory more effectively. By optimizing stock levels and offering real-time data, FlyWheel empowered retailers to make informed decisions, reducing waste and improving product availability.
Operationalized Pharmer’s Market for Improved Transportation and Logistics
Pharmer’s Market was activated to handle the complex logistics and transportation needs of the Oregon market. By centralizing and optimizing the supply chain, we reduced transportation costs, improved delivery times, and ensured that products reached retailers efficiently.
Brand Management: Supporting Brands Entering the Market
We provided comprehensive brand management services to emerging brands, facilitating their market entry and growth in Oregon. By leveraging our network and expertise, we ensured that brands were positioned for success from day one.
Results
Benson Arbor increased sales by 246% over 18 months
By integrating Benson Arbor into our centralized purchasing operations and introducing them to new retailers across Oregon, we significantly accelerated their growth. This partnership allowed Benson Arbor to focus on product development and business strategy, while we handled the logistics and inventory management.
Sauce increased sales by 154% over 10 months
Sauce entered our portfolio and quickly gained traction in the Oregon market. Through strategic introductions to our network of retailers and integration into our Central Purchasing System, Sauce experienced rapid market penetration and brand recognition.
“Working with 240 Logistics has been a game-changer for us. From streamlining our inventory with FlyWheel to handling logistics with Pharmer’s Market, they’ve made everything run smoother and more efficiently.”
— Moss Crossing
Future Looking
Building on the success in Oregon, we are launching Central Purchasing in collaboration with Treasure Valley. This initiative represents the culmination of our efforts to integrate technology, logistics, and operations, offering a comprehensive solution that benefits both retailers and brands.
The intention of this initiative is to address existing inefficiencies by implementing a Vendor Managed Inventory (VMI) system. This system empowers both brands and retailers to leverage data for more informed decision-making. Our approach creates a streamlined, efficient supply chain that benefits everyone in the ecosystem. Interested in learning more? Reach out today!
Learn More.
Discover how FlyWheel can revolutionize your operations and maximize efficiency. Schedule a personalized demo with our team of experts today to unlock the full potential of your business.