With the legalization of cannabis in more and more states, the cannabis industry is booming. But with this growth comes increased competition and the need for businesses to find ways to reduce costs. One area where businesses can save money is on cannabis packaging.
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Cannabis packaging has to meet a number of requirements, including child resistance, tamper evidence, and labeling requirements. This can make it expensive to develop and produce. However, there are a number of ways that businesses can save money on cannabis packaging without sacrificing quality or compliance.
In this article, we will discuss five easy ways to save money on cannabis packaging. These tips can help businesses of all sizes to reduce their costs and improve their profitability.
Repackaging cannabis products can save money on shipping and reduce waste. Also, effective designs can minimize packaging, regardless of whether recycled materials are used.
Removing exterior wraps and neck closures, using recyclable labels, and lightweighting boxes can substantially reduce shipping costs.
The challenge is to minimize waste without compromising the package’s structural integrity and quality. It is possible to find a balance between using the minimum packaging possible and reducing the risk of damage in shipping.
Contact your packing service for more information. They can help you coordinate with testing centers to save money on production costs and packaging materials.
Reducing the amount of raw materials used for primary packaging is a sustainable and effective way to save money on cannabis packaging. Primary packaging is the packaging that customers interact with directly, such as the bag or jar that holds the cannabis product.
With careful planning, you can reduce your material costs without sacrificing sales or harming the environment. One way to do this is to use recycled and recyclable plastics. For example, both PET and HDPE plastics are recyclable and have a recyclability rate of about 30%.
Another way to reduce material costs is to reduce the depth of your packaging. This can be done while keeping the height and breadth the same. This will save you material and increase productivity when packing cannabis into master cases.
Here are some additional tips for using fewer raw materials in cannabis packaging:
By following these tips, you can reduce your material costs, improve your sustainability, and appeal to environmentally conscious consumers.
As your cannabis business expands, so does the amount of manual labor required to package your products. This can lead to higher labor costs. However, you can save money by designing simple, minimalist, and sustainable packaging.
Here are a few tips for smart packing design:
By following these tips, you can significantly reduce your labor costs and improve the efficiency of your cannabis packaging process.
Your strategy for sourcing may also affect your material prices and total budget. The origin of components used by your cannabis packaging service significantly impacts the final price.
Therefore, partnering with a seasoned packaging service provider with a dedicated sourcing group, solid partnerships with suppliers, and international access to quality materials is important.
You can also shift to sourcing sustainable packaging, but sadly, non-recyclable supplies are far less expensive than packaging made of recyclable or biodegradable materials.
Sustainable packaging supplies might be nearly 10% more than the standard packaging, depending on the order’s volume.
However, many companies in the cannabis business are beginning to think that green packaging is an investment since customers are prioritizing it. The high demand for recyclable cannabis packaging will cover the initial expense.
When trying to save money on orders, many people immediately think about buying in bulk. However, bulk purchases are not always the best option. There are legitimate concerns, such as cash flow and market demand, that may prevent you from making a bulk purchase.
Only consider making a bulk purchase if your product is selling well in the market. If this is the case, talk to your packaging service provider about working out some payment terms.
Here are some additional tips for being strategic about your order quantity:
These tips can help you be strategic about your order quantity and save money on your packaging costs.
Building a long-term relationship with your packaging supplier will go a long way for your cannabis business. Nurture an ongoing relationship with your supplier, and ensure they know your expectations and requirements.
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Focus on what you’re conveying through your packaging. After all, your item’s packaging is the first thing people see when they use it.
A good cannabis packaging supplier will understand that doing business involves more than just exchanging money. If you are dealing on a cash-only basis, you might need to learn about how cannabis risk management strategies can help you to prevent any scams or fraud.
Protecting your cannabis company can seem confusing; however, we’re a full-service insurance brokerage working with carriers worldwide to offer you the best coverage possible. We’re here to help! Please reach out to us today by emailing [ protected] or calling 646-854- for a customized letter of commitment or learning more about your cannabis insurance options.
When I give talks, one question people frequently ask is whether it costs more money to go plastic-free. My answer: a few things cost more initially, but in general, I save money living this way. In fact, I was thinking about adding a whole section to my plastic-free presentation about ways to save money. But I haven’t done it because I got to thinking… is that actually a good strategy? Or could it backfire? I’ll explain what I mean later in this post. I’d love to get your feedback. But first, yes, there really are ways to save money. Here are just a few…
A really good quality water bottle made from stainless steel or glass might be a bit pricey, but I save money in the long run because bottled water actually costs more per gallon than gasoline! A 32-pack of Aquafina is $35 today on Amazon, which means I would make back the cost of a Klean Kanteen water bottle in about a month if I drank a bottle a day. I’ve had mine for years.
To save even more money, you could skip buying a new bottle altogether and carry water in a mason jar like No Impact Man did.
Storing food in reusable containers in the refrigerator and freezer means I don’t have to spend money on plastic wrap, Ziploc bags, or plastic containers that are meant to be used a few times and then discarded. Once again, good quality stainless steel and glass containers are an investment up front, but they too can save money in the long run.
Of course, similar to the water bottle situation, I save even more money by reusing the glass food jars I already have: in the cupboards, refrigerator, and even in the freezer. And my favorite way to avoid plastic wrap is storing leftovers in a bowl with a saucer on top.
Instead of spending money on expensive personal care and cleaning products, I now use cheap baking soda and vinegar as much as possible. Yes, the vinegar that comes in a glass bottle tends to be a little more expensive than the plastic gallon jugs of vinegar. But compared to the personal care and cleaning products I no longer use, it’s a lot less costly. Consider these savings…
Baking soda deodorant instead of commercial deodorant in a plastic container.
Baking soda for cleaning dishes, toilet, refrigerator, counters, you name it.
Baking soda and vinegar instead of shampoo and conditioner.
Instead of facial tissues, napkins, and paper towels that are wasteful and come packaged in plastic, I have switched to reusable cloth.
Of course, we use cloth napkins instead of paper.
Reusable Skoy cloths take the place of 15 or more rolls of paper towels. (In fact, we’ve been using the same ones for years, just popping them in the dishwasher or washing machine when they are dirty.) Of course, to save even more money, you can cut up rags from old, worn-out clothes. But I prefer Skoy because they are so absorbent yet dry out very quickly.
Hankybooks are a very clever alternative to facial tissues.
But to save more money, I found several cute vintage hankies at a thrift store in my neighborhood.
And speaking of thrift shops, I buy nearly all my clothes and gadgets (including the computer I’m typing on right now) secondhand to avoid buying new plastic. That saves lots and lots of money!
Or, even better, I learn to fix things when they break instead of replacing them at all.
There are lots of other ways I find to save money and live plastic-free, but this post is long enough, and I think you get the point.
I thought the idea of saving money might encourage people to reduce their waste — plastic in particular. But then I remembered a particular co-worker of mine who liked to throw things away. Even recyclable things like yogurt containers she would toss in the trash instead of the recycle bin because she didn’t feel like washing them out. I asked her why, and she would just blow me off. But finally, one day, she explained. She had grown up dirt poor. Her family had to clean out and reuse everything out of necessity — not because they cared about the environment, but because that was the only way to survive. And now that she was making plenty of money, she enjoyed throwing things away. It felt like a privilege to her… like she had “made it.”
So, I’m wondering… if we encourage people to go green in order to save money, will they simply go back to their wasteful ways once they are out of debt and financially secure again?
Besides, not every plastic-free, waste-free option does save money. For example, sometimes it’s actually cheaper nowadays to replace a broken gadget than to have it repaired. I had this experience last year with my suitcase. I had been dragging around the same wheelie suitcase from city to city since the mid-90’s, and the wheels were worn down to almost nothing. I really was, quite literally, dragging it instead of rolling it. So I took it to a local luggage repair shop to have the wheels replaced. And I almost had a heart attack when I got the bill. Replacing the wheels cost more than a new suitcase would have cost!
Probably, I should have found a cheaper way to replace those wheels. But after the initial sticker shock, I still felt good about my decision because I get to keep my same suitcase for another 20 years. That suitcase has been with me everywhere. I’m so glad I don’t have to send it off to the landfill. Sometimes paying more is worth it.
So, what do you think? Of course I want people to know that there are lots of affordable options for reducing their plastic consumption and that for the most part, they don’t need to go out and buy a bunch of new stuff. But should environmentalists focus on ways people can save money by going green? Or should saving money be presented as an occasional bonus?
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