芳 is built from the 艹 (grass (top)) and 方 components.
It reads ホウ like 方, as do 放, 防, 訪, and 房 — learn 方 once and the family's reading comes with it.
A common word using 芳 is 芳ばしい (こうばしい), meaning “aromatic (roasted beans, roasted tea, etc.); fragrant (e.g. burning wood)”.
Don't confuse it with 妨, 肪, 防, and 房.