Retail Buyer at Cresco Labs

Ohio, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Cannabis, RetailIndustries

Requirements

Experience in retail buying, merchandising, or inventory management (implied by job context)
Strong data analysis skills from multiple sources to identify best-selling products
Ability to develop and maintain strong working relationships with 3rd party cultivators and manufacturers
Knowledge of industry trends and new manufacturers
Awareness of regulatory compliance and governing bodies (e.g., inventory allocation caps)
Collaborative skills with cross-functional teams including Planners, Finance, Procurement, Regional Directors, Retail Managers, and Pricing & Promotions Team
Access to and proficiency with leading-edge Business Intelligence tools for data-driven decisions

Responsibilities

Manage day-to-day purchasing activities by monitoring product levels and proactively purchasing to ensure dispensaries are adequately stocked with appropriate SKUs
Develop and maintain strong working relationships with 3rd party cultivators and manufacturers to purchase cannabis products for Pennsylvania dispensaries
Analyze data from multiple sources to identify best-selling brands and strains/flavors, informing localized inventory purchase plans by dispensary
Maintain a promotional calendar, including store-specific markdowns on slow-moving, over-stocked, or aged products
Maintain a purchase and delivery schedule for both Cresco and 3rd party products to ensure appropriate days of supply
Work with Finance and Procurement to ensure POs are submitted and payments are timely
Collaborate with cross-functional teams to align Sunnyside inventory strategy with retail and wholesale needs
Stay aware of industry trends and new manufacturers to identify and introduce the best new products to Sunnyside, and educate Retail Dispensary Managers on them
Collaborate with Pricing & Promotions Team to complete costing and ROI analysis for designing promotions with 3rd-party vendors

Skills

Key technologies and capabilities for this role

Retail MerchandisingProcurementInventory ManagementProduct SelectionVendor ManagementRetail Buying

Questions & Answers

Common questions about this position

What are the main responsibilities of the Retail Buyer role?

The role involves managing day-to-day purchasing to keep dispensaries stocked, developing relationships with 3rd party cultivators and manufacturers for Pennsylvania dispensaries, analyzing data to identify best-selling products, and maintaining a promotional calendar.

Is this Retail Buyer position remote or office-based?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What is the company culture like at Cresco Labs?

Cresco Labs focuses on normalizing and professionalizing cannabis through passionate employees, with a strong emphasis on social equity, educational development, regulatory compliance, product consistency, customer satisfaction, integrity, and professionalism.

What skills make a strong candidate for this Retail Buyer position?

Strong candidates should excel in data analysis from multiple sources, building responsive and friendly relationships with vendors, proactive purchasing decisions, and collaborative work with planners, regional directors, and retail managers using business intelligence tools.

Cresco Labs

Cultivates, processes, and sells cannabis products

About Cresco Labs

Cresco Labs is involved in the U.S. cannabis industry as a grower, processor, and retailer of cannabis products for both recreational and medical users. The company offers a range of trusted brands to meet diverse consumer needs and operates in eleven states with a focus on high-demand markets and strict regulations. Cresco Labs stands out by emphasizing responsible practices, community empowerment, and eco-friendly initiatives, aiming to create a reputable cannabis industry. Its goal is to ensure that its success benefits local communities and stakeholders while delivering high-quality cannabis products.

Chicago, IllinoisHeadquarters

2013Year Founded

$105.1MTotal Funding

IPOCompany Stage

Social Impact, Consumer GoodsIndustries

1,001-5,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Holidays

401(k) Company Match

401(k) Retirement Plan

Performance Bonus

Stock Options

Employee Discounts

Risks

Increased competition in Ohio following the legalization of recreational cannabis.

Potential supply chain disruptions due to rapid expansion in Pennsylvania.

Regulatory challenges in maintaining compliance across multiple states.

Differentiation

Cresco Labs operates in eleven states, focusing on high-demand, regulated markets.

The company uses a consumer-packaged-goods approach to cannabis production and distribution.

Cresco Labs emphasizes eco-friendly practices and community empowerment initiatives.

Upsides

Cresco Labs reported a tenfold increase in operating cash flow in Q1 2024.

The company is expanding retail operations, with 72 locations nationally, including Ohio and Pennsylvania.

Cresco Labs' diverse brand portfolio caters to both recreational and medical cannabis users.

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