Category: Blog
Our team of experts explores interesting topics relating to data analytics, industry news, and more!
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 […]
post: How Much Did I Sell Last Month?
Reporting periods in accounting can be distinctly complicated and are typically left to accountants to handle. For example, Balance Sheets are a snapshot at a point in time, usually the end of a month, quarter, or year, while an Income Statement is the reporting over some time, such as the “month of” or “last year.” […]
post: The Power of Predictive Analytics: Is it always enough?
Many expected an Alabama victory in the College Football Championship Game on Monday, but the 52-24 blowout win we witnessed over Ohio State was more decisive than any sportsbook had predicted. Personally, I was securely in the camp of believers who expected a close game, perhaps even an upset. Pre-game betting lines expected Nick Saban’s […]
post: Descriptive, Predictive, Prescriptive…Oh my!
If you search for the definition of analytics, it comes out something like this…Analytics is the systematic computational analysis of data or statistics. Let’s add to that… which is used to interpret and/or communicate patterns in data. There, that makes it much clearer. Doesn’t it? Analytics turns patterns and data into information that can be […]
post: Schedule Classifications and the MORE Act
In 1970, the Controlled Substances Act established U.S. Federal drug policy to regulate the manufacture, import, possession, use, and distribution of certain substances. The Act created five classifications that substances would fall under based on their potential for abuse and perceived medical use. A Schedule 1 classification is the most restrictive category, containing drugs the […]
post: Big Data, Dialed In
Big data is only as powerful as the insights that can be extrapolated from it. That’s why, here at NCS Analytics, we are always busy making sure that the alerts we deliver to our clients are as accurate and meaningful as possible. Millions of data points are distilled down into the processes which create every […]
post: The Value of Agile Development
The NCS team is dedicated to consistently bringing our clients new, exciting enhancements and features to the NCS Platform. Researching new analytic measures and adding new reporting features requires coordination across the whole company. NCS Analytics has adopted an agile development process that integrates everyone from the executive team to the data analysts. Agile development […]