Category: Insights
Our team of experts explores interesting topics relating to data analytics, industry news, and more!
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 […]
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 […]