Category: Blog
Our team of experts explores interesting topics relating to data analytics, industry news, and more!
post: Manipulating Statistics in Data
Statistics includes various aspects of analysis, such as the collection of data as well as its interpretation. In the media and throughout the statistical analysis process, there are known methods to intentionally influence the data to provide statistics to favor an author’s viewpoint. Data manipulation can start with its collection. Suppose you searched online for […]
post: ARTIFICIAL INTELLIGENCE REGULATION
The potential of artificial intelligence (AI) is growing by the day, with industries across the globe implementing savvy systems to help drive everyday operations. Consequently, governments have taken an extreme interest in the possibilities of AI and its impact on people’s daily lives. The European Union is an excellent example of this as they have […]
post: Let’s Talk OMMA ft. Adam Crabtree
Hosted by Porsha Riley, listen as NCS Analytics Founder and CEO Adam Crabtree talks about teaming up with OMMA to create a statewide data analytics platform to monitor and regulate commercial licensee operations. Adam goes into the background and development to create one of the most exciting segments of NCS, the Transparency Report. “The (Transparency […]
post: Midterm Election Results
This week was a greatly anticipated Midterm election, especially if you are part of the cannabis industry. The main initiatives dealing with cannabis focused on five states: Missouri, Maryland, Arkansas, North Dakota, and South Dakota. Let’s look at what happened! Arkansas, already having a medical market, rejected Issue 4, which would have opened an adult-use […]
post: Is There Special Halloween Candy?
Happy Halloween! As we all know, October is a big time for most retailers selling edible products, particularly candy. According to a study by Investopedia.com, Americans spent over 10 billion dollars on Halloween last year, a record high. Roughly 3 billion of this is just on candy. This year we expect to see even more […]
post: Cannabis Seeds and the 2018 Farm Bill
Earlier this year, the Drug Enforcement Administration (DEA) ascertained that while cannabis seeds will eventually grow into cannabis plants, they do not fall under the Controlled Substance list due to the federal legalization of hemp under the 2018 Farm Bill. Marijuana remains a Schedule 1 controlled substance (grouped with heroin and ecstasy) with no currently […]
post: The Importance of Categorization in Cannabis
Within any state track-and-trace system, there are “Product Categories” where licensees can organize their cannabis inventory. For example, “Pre-roll Flower” is defined as “pre-rolled joints made with full cannabis flower with a unit of measure (each) AND strain attached AND weight within the unit (grams). METRC, one of the most common track-and-trace systems in the […]
post: Inflation and the Cannabis Industry
As we near the end of 2022, we see the inflation rate for the US finally stabilize at about 8-9%. This is still the highest in recent history. However, as we discussed in our first blog post, the cannabis industry as a whole has not suffered the same price increases as other industries. This does […]
post: All About Artificial Intelligence
Articles about artificial intelligence are published daily online and in the media with promises to revolutionize industries, automate tasks, and (occasionally) act violently toward humans. Recently, AI has evolved to a higher level of ability in emulating human traits like creativity and language processing. As AI relates to creativity, an AI model named Dall-E (now Crayion) took […]
post: Unique Conditions of Cannabis Track and Trace
The requirement to track products across the supply chain from seed to final sale exists in highly regulated industries such as food, pharmaceutical, alcohol, tobacco, and cannabis. Track and Trace systems aim to achieve two main objectives: Protect consumer health and safety with the ability to recall products. To comply with rules and regulations and […]