Category: Blog
Our team of experts explores interesting topics relating to data analytics, industry news, and more!
post: Diverting Cannabis from the Supply Chain in the United States
According to its definition, diversion is “an instance of turning something aside from its intended course.” For example, a river can be diverted away from a town by a dam. In commerce, diversion is the act of selling goods in a market for which they were not intended, usually without the knowledge or permission of […]
post: Cannabis Data Analytics Spotlight: Outlier Data
The NCS Platform takes in hundreds of thousands of data points on a daily basis. The analytics engine identifies transactions that fall outside of the statistical norms in order to alert our clients about unusual activity. How do we know these are really atypical transactions, you ask? One way that we distinguish the “normal” from […]
post: Cannabis Data Analytics Spotlight: Differences in Medicinal vs. Adult Use Markets
Cannabis has evolved significantly over the past few decades from a primarily untracked, unregulated, gray market industry to one of the most regulated industries in the country. The recent introduction of the adult-use market (in 11 states) has proved to be successful for enforcement and regulatory budgets over the past few years by bringing in […]
post: Cannabis Data Analytics Spotlight: Flowering Time
Flowering is the final stage in the growth cycle of a cannabis plant. During this phase, flowers, commonly referred to as buds, will appear. Flowers are the part of the plant that produces cannabinoids. Cannabinoids are the chemicals found in cannabis plants and contain the psychoactive compounds. During the flowering phase, the plants typically go […]
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 […]