Overview
The Basket Overview Dashboard provides insights into transaction-level trends across the cannabis market, including analysis by states, categories, and daily store performance. This dashboard allows brands, producers, and retail managers to develop strategies for cross-selling, up-selling, and maximizing overall store and brand sales.
Key Metrics Available
- State-Level Metrics:
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- Total Basket Size: Average total sales per transaction (basket).
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- Daily Baskets per Store: Number of daily baskets (transactions) per store.
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- State-Wide Basket Overview: Aggregate view of basket size and frequency across states.
- Category-Level Metrics:
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- Basket Size by Category: Average transaction size across categories (e.g., Flower, Vape, Edibles).
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- Basket Penetration: Percentage of transactions containing products from each category.
- Trended Metrics:
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- Daily Baskets per Store Over Time: Trend of baskets per store aggregated by day, week, month, quarter, or year.
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- Total Basket Size Trends: Monitor average basket size changes over time.
- Product and Attribute Filters:
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- Category Levels: Drill down into Category Level 1 through Level 5.
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- Strain, Item Weight, THC/CBD Ranges: Filter basket metrics based on product attributes.
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- Cannabinoid Mix & Live Extract: Focus on specific product formulations.
Insights
- State-Level Basket Trends: Identify states with the highest basket sizes and transaction frequency to prioritize growth opportunities.
- Category Basket Performance: Assess category-level contributions to total basket size and penetration.
- Basket Penetration: Determine which product categories are most commonly included in transactions and cross-selling opportunities.
- Trended Basket Size: Track how average transaction sizes evolve over time and across states.
- Daily Store Metrics: Compare basket performance on a per-store basis to identify high-performing locations.
Pro Tips
- Use Category Basket Penetration to identify opportunities for up-selling and cross-selling products.
- Analyze trended daily baskets to optimize store operations and promotional timing.
- Combine THC/CBD filters with basket size data to evaluate demand for specific product attributes.
Support
For additional help or tutorials, access the Metric Glossary & Video Tutorials link available within the dashboard.