Category: Blog
Our team of experts explores interesting topics relating to data analytics, industry news, and more!
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: 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 […]
post: Impact of Inflation on the Cannabis Industry
Today’s headlines are filled with discussions on inflation. So what exactly is it? Inflation is the downfall of purchasing power for a given currency. The inflation rate in the United States has been relatively stable since the 1980s, around 1-2%, but it has started to accelerate. In 2021, we saw the inflation rate soar to […]
post: Hemp Biofuel
Biomass as a fuel source has been around ever since humans thought to rub two sticks together. While fossil fuels have long since usurped it as the go-to energy source used to power our cities, biomass still accounts for around 1.3% of the energy produced in the US. Modern bioethanol and biodiesel produce energy through the same […]
post: NCAA Tolerance Testing and Cannabis
On February 25, the National Collegiate Athletic Association (NCAA) decided to relax their marijuana testing policies by increasing the amount of THC needed to be found in an athlete to produce a positive test. The previous threshold for a positive test of 35 nanograms per milliliter was increased to 150 nanograms per milliliter. The change […]