Our team of experts explores interesting topics relating to data analytics, industry news, and more!
post: The Benefit of Multiple Data Sources
In addition to the already established data feeds, the NCS Platform can incorporate data from state-mandated reporting systems, data submitted directly from operators, third-party API submissions by point-of-sale vendors, financial records, and tax information. Capturing data from multiple sources provides the flexibility to include pertinent information for each regulatory need. Each of these data sources […]
post: Quality Assurance the NCS Way
Bringing insight to licensee data takes developing top-level reports and ensuring the validity and quality of data from the moment it arrives. NCS receives data from various sources, and each piece of data goes through a series of checkpoints before it is displayed in the NCS Platform. Upon receipt, the data’s quality is checked to […]
post: How Long is Too Long?: Cannabis Shelf Life
Think about the pantry or spice rack in your home. Do you have any products or spices you don’t know exactly how old they are? I’m guilty of this, so I assume others are as well. In my family, the garlic, basil, and oregano get cycled pretty well. But I couldn’t tell you how old […]
post: Planning, Improving and Evolving With Agile Development
Imagine you just purchased a home. It’s nearly new, but there are still several improvements and refinements you’d like to make. As time passes, the list is continuously changing and evolving. Before long, it seems that you are constantly working on a project and planning for the next. Continually making home improvements is not that […]
post: The Effect of Big Data
The term “Big Data” often brings notions of the more, the better. But as the volume and the number of available datasets have grown over the last two decades, the consumers of Big Data have started to feel the ramifications. When big data gets too big, it can become unwieldy; it’s too much to review, […]
post: Modeling Snow Forecasts: Is There A Superior Method?
Looks like this year’s La Niña dry weather pattern isn’t going to be ruining anybody’s ski season. Last weekend, Jackson Hole Mountain Resort saw upwards of 30 inches of snow, leading to some incredible days to ski there. Unfortunately, I have been sidelined with a fractured kneecap and torn MPFL, but for anyone who had […]
post: Is that deductible? Cost of Goods Sold and 280E
Let’s say I was going to make a simple object like a hand-thrown pot for a plant. You’d need clay, a potter’s wheel, some hand tools, a kiln, glaze, and maybe a rack for storage. You’d also need someone to make the pot, fire the pot, and sell the pot (could be the same person, […]
post: The Magic Of An API
By now, you’re probably familiar with NCS, and know we ingest hundreds of millions of data points every day, but have you ever wondered how we do it? The NCS Analytics Engine is set up to take in a wide array of data types from various sources. The most common way we receive data is […]
post: Cultivation Deep Dive: What is a plant batch anyway?
Plant batches are a mechanism to record the cultivation processes of CRBs for the track-and-trace system and are required by law in most jurisdictions. A plant batch is a group of cannabis plants started simultaneously, often legally required to be of the same strain. Plants organized into a batch often come from the same starting […]
post: Know Your Portfolio with Ongoing Monitoring
Any financial institution looking to start a cannabis banking program should first review their due diligence (or know-your-customer) programs. Many existing CRB programs across the country succeed by partnering with their state or local governments and their BSA (or compliance) teams to provide the highest level of transparency, but not without the legwork of establishing […]