The Inventory On Hand report is an invaluable tool for cannabis retailers to make informed decisions about restocking and pricing strategies. This report provides a comprehensive overview of the quantity, types, and current status of cannabis products in a dispensary's inventory at a given point in time and can estimate the potential profit that can be made.

At the top of the Inventory on Hand report, there are three important KPIs you can utilize for your data analytics.

This KPI represents the total estimated retail value of all the items currently in your inventory.

This KPI reflects the total cost incurred in acquiring the inventory items currently on hand.

This KPI indicates the estimated profit potential from your current inventory.

The Inventory on Hand chart is a crucial tool for managing and assessing the status of your dispensary's inventory. Here's a breakdown:

Category - This column displays the product categories found under the currently selected license(s).

Product - Lists specific products in your inventory.

Number On Hand - The number of each product currently in stock.

Estimated Profit - This represents the potential profit that can be generated from each product. It's calculated by subtracting the cost of goods sold (COGS) from the estimated retail value, indicating the profit margin for each item.

Net Retail Value - The estimated total worth of the products on hand based on their retail prices. This figure provides an overview of the total value of your inventory.

% Total Value - This column shows the percentage of each product's value concerning the total value of your inventory.