retail therapy

Licked pre-roll joints spark widespread recall

For decades, people have been licking joints to seal them. Now that this is a regulated retail industry, I think it’s fair to expect spit-free product. “Michigan marijuana regulators issued a broad product recall Thursday based on a “confirmed complaint” […]

retail therapy

How Costco convinces brands to cannibalize themselves

Costco’s private label brand Kirkland Signature launched in 1992 and has been delivering a great product experience ever since, as well as win for manufacturers. “Kirkland products have to be at least 1% better than the equivalent branded products (on […]

retail therapy

Retail cannabis sales compared to other markets

It’s bigger than the NBA’s revenue and approaching the size of the wholesale prescription pain medication market. “With revenue of $10.6 billion-$13 billion in 2019, sales of legal adult-use and medical marijuana in the United States topped spending on sleep […]

retail therapy

Why are toys such a bad business?

“Every year, [toy companies] have to a) predict trends, b) invent them, and c) commit capital to them. All without knowing how the rest of the year will turn out. Since toy trends exist, but don’t last for very long, […]