Glossary
Landed cost
The full cost of a package into inventory: invoice unit cost at accepted quantity, freight, and any wholesale tax booked into cost (Michigan 24%). The floor for any price proposal.
Why it matters for reconciliation: the cost of a package is not the number on the invoice. Landed cost uses the quantity the store accepted, adds freight, and includes any wholesale tax booked into cost. If any piece is wrong, margins, price floors and the cost of goods sold are wrong with it.
Example: an invoice lists 30 units at a unit price, but the store accepted 28 and a credit memo corrects the invoice. The landed cost per package is computed on the 28, plus freight, plus Michigan's 24% wholesale tax if the package came from a Michigan wholesaler.
Where this comes up on budally.com
- Metrc in Michigan: what a dispensary has to report, reconcile and keep — the operations view
- Supply chain & purchasing
- Accepted quantity: how to receive a Metrc transfer tag by tag, reject what's wrong, and make the invoice follow
- Michigan's 24% wholesale marijuana tax: book it in cost, never on the receipt
- Price compression: index your shelf out-the-door before you cut
- The dispensary month-end close: a checklist that reconciles to Metrc before anything posts
Related terms
- COGS (cost of goods sold)
The cost of inventory sold in a period. For cannabis it is the one deduction 280E allows on adult-use activity, so package-level landed cost matters: invoice cost at accepted quantity, freight, and Michigan's wholesale tax booked into inventory cost.
- Price floor
The minimum a price proposal may go to: landed cost plus the tenant's margin floor, plus any state floor (e.g. New York's wholesale multiple, under verification).
Terms that refer here
COGS (cost of goods sold),Price floor,Wholesale tax (Michigan)