Category: Blog
Our team of experts explores interesting topics relating to data analytics, industry news, and more!
post: Cannabis banking bill may falter again despite state support
By Sophie Quinton, Stateline.org WASHINGTON — Many state leaders are hoping the fourth time’s the charm for a federal bill that would protect banks from being penalized for serving licensed cannabis businesses. Many banks are reluctant to work with marijuana businesses or people in the industry because federal law says the plant is a dangerous drug. […]
post: 38 Attorneys General Ask Congress To Bring Marijuana Money Into Banking System
By Laurel Wamsley The attorneys general of 38 states and territories sent a letter to congressional leaders on Wednesday, urging them: Please, let us bank the money generated by the country’s booming cannabis business. Most states and several U.S. territories have legalized medical marijuana, and 10 states and the District of Columbia have legalized adult recreational […]
post: Michigan regulators tighten access to caregiver medical marijuana
By Jeff Smith Michigan medical cannabis dispensaries will no longer have the option to buy products directly from caregivers. It’s a move that should please permitted growers, some of which have alleged that untested caregiver medical marijuana supplies are dangerous and cutting into licensed sales. The new Michigan Marijuana Regulatory Agency issued what it characterized as “new […]
post: In-Depth: Marijuana Businesses Face Up To Payments Problem
By Chris Sieroty Despite the perception that U.S. legalized marijuana has a payments problem, industry executives and analysts believe an increasing number of financial institutions are quietly opening their doors to the industry. “I would say instead of unbanked, it’s underbanked,” said Dustin Eide, chief executive of CanPay, a debit-based, digital payments network for the cannabis […]
post: Is this the pot banking fix?
By Nathan DiCamillo Marijuana habits are pretty predictable. Poorer young people tend to smoke pot, while older consumers tend to use concentrated products like vape pens and edibles. While that conclusion may not be shocking, it’s based on reams of proprietary data examined by NCS Analytics, a Denver-based firm that is building a data portal […]
post: Michigan Wants to Help Pot Businesses Bank Cash
By Jonathan Oosting Lansing — Michigan is pulling in more than $1 million a month in tax revenue from medical marijuana businesses — and most of it is coming in the form of cold, hard cash. With legal recreational sales on the horizon, state regulators and business groups are working to address one of the most vexing issues […]
post: Founder’s Corner: Volatility
If you were to ask an entrepreneur what word best described their life, you might get two answers. If you don’t know them well, you’ll get a long string of “great, awesome, amazing.” If you can push past the surface, I would wager the answer would be a hesitant look, a pause and then some […]
post: Founder’s Corner Budgeting
Budgeting is the most wonderful time of the year. Halloween, Thanksgiving, and Christmas are great holidays, but its Q4 budget making time that really gets me giddy… No, I’m not that lame. My colleagues and kids might disagree, but how can anything compete with glutinous turkey indulgence and piss poor football games (when was the […]
post: Buzzwords & Bullsh!t: Data Driven…Anything
“Data-driven ______”. Fill in the blank with just about anything relevant to today’s societal events and chances are a Google search will turn up at least a few thousand examples of whatever it is you typed in. Much like other current business buzzwords (“big data”, anyone?), I see one phrase used far more often than […]
post: Buzzwords & Bullsh!t: Statistical Significance
What’s the difference between the right amount of ketchup on a burger and too much or too little? One might think they could just eyeball what is right, but when it comes to large quantities of burgers, a specific measurable process would be needed to define what is or is not abnormal. For those of […]