The Role
The Buyer Is responsible for driving the revenue and profitability of our retail business. To do this, the Buyer will set and execute market-specific assortment strategies--including products, their prices, and promotions--that help create a world-class patient/customer experience. We're looking for Individuals who possess unwavering integrity, unquenchable curiosity, and a passion for cannabis.
Responsibilities
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Collaborate with cross-functional stakeholders to develop localized assortments, retail pricing strategies, and sales forecasts to drive profitability.
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Allocate internally produced products from our manufacturing site to our stores on a weekly basis.
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Execute allocation and purchasing strategies that align with the financial goals of each dispensary and market.
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Collaborate with the Marketing team to define and execute local retail marketing campaigns.
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Cultivate strong relationships with cannabis product suppliers to ensure consistent access to products for our patients.
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Anticipate potential problems and risks, generating insights and proposing effective solutions based on data analysis.
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Establish and maintain a reputation of credibility and responsiveness in the marketplace.
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Gather critical information from vendors regarding market trends and competitor buying activity, and present findings effectively.
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Monitor the market through competitor pricing, promotional activities, and product launches, utilizing comp shopping techniques.
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Manage the complete assortment lifecycle, including innovation, vendor meetings, costing negotiations, sales analyses, promotional calendars, and product exit strategies.
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Present the current state, health, and future plans for the retail business to senior leadership.
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Conduct audits of purchasing and allocation processes to identify areas for improvement and implement best practices.
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Maintain appropriate inventory levels to exceed sales expectations while minimizing unnecessary liquidation.
Qualifications
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Experience in retail buying, merchandising, planning, or category management. 7-10+ years of relevant experience. Retail planning experience preferred.
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Experience managing external relationships, adversarial and collaborative negotiations.
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Adapts and thrives in a demanding, start-up, fast-paced environment
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Strong presentation skills and ability to listen to the opinions of others to help form a cohesive decision
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Ability to make decisions under pressure when needed
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Must be a self-starter who likes to solve complex problems
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Advanced proficiency in MS Excel
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Ability to gather / analyze data and to work with incomplete information
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Highly motivated, self-directed, innovative and able to work independently or among teams with keen judgment, common sense and resourcefulness
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Possesses a high level of critical thinking
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Operates with a high level of professionalism and integrity, including dealing with confidential information
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Must understand and comply with the rules, regulations, policies, and procedures of GTI
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Eager to learn cannabis compliance laws, rules and regulations and passion to further their understanding and knowledge of the industry and the laws.
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Bachelor’s degree preferred in a relevant field
Additional Requirements
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Must pass any and all required background checks
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Must be and remain compliant with all legal or company regulations for working in the industry
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Must be a minimum of 21 years of age
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Must be approved by state badging agency to work in cannabis industry