Category: News
Stay up to date with exciting happenings at NCS Analytics! Our recent press releases and company news can be found here.
post: NCS Analytics Closes $11 Million Oversubscribed Series A to Keep Pace with Demand for Data and Advance Development of its Platform
DENVER, Colo., Oct. 14, 2021- NCS Analytics, the leader in high-risk data analytics, announces an $11 million Series A financing round led by Baseline Ventures, a venture capital investment firm that focuses on seed and growth-stage investments in technology companies. Baseline joins others, and early investors, including Lewis Wilks of Bright Peaks Capital, and Jon […]
post: NCS Analytics Unveils the Transparency Project
DENVER, Colo., Sep. 23, 2021- NCS Analytics, the leader in high-risk data analytics, announced today the official release of the Transparency Project. The Transparency Project is a collaborative effort between NCS and its regulatory partners to increase understanding and awareness of the cannabis industry through public data sharing. Regulatory partners will share the interactive dashboard […]
post: Message from our CEO
To Our Valued Clients, I wanted to take a moment to address the COVID-19 outbreak and how NCS Analytics is approaching the ongoing public health concern over the coming weeks and months. First and foremost, thank you for choosing NCS. We know you had many choices when selecting a data analytics vendor and genuinely thank […]
post: Accela Partners with NCS Analytics to Create Next-Generation End-to-End Cannabis Regulatory System
SAN RAMON, Calif., Dec. 10, 2019 /PRNewswire/ — Accela, the leading provider of cloud-based solutions for government, today announced a partnership with NCS Analytics, a data analytics firm that provides regulation-specific actionable insights and decision support to governments and financial institutions, to bring a new level of refinement and reliable data to cannabis regulation. Through the power of a […]
post: A way to protect pot lenders: Spotting high energy users
By Nathan DiCamillo A Denver-based fintech says it believes it’s found a key to figuring out whether a legally sanctioned pot grower is engaged in suspicious activity — energy output. A large-scale pot greenhouse uses eight times as much electricity per square foot compared to an average U.S. office building, according to one study. NCS […]
post: NCS Pushes the Envelope with UtilityAPI Partnership
Denver, July 25 – NCS Analytics is teaming up with UtilityAPI to capture utility usage data to provide an in-depth view of high-risk and cash-intensive businesses. UtilityAPI offers a data exchange platform to access safe, secure, standardized energy data, providing insight beyond the grid edge. By leveraging UtilityAPI data, NCS will enhance the scope and […]
post: Five Ideas That Can Solve the Cannabis Banking Problem
By Joann Needleman of Clark Hill The cannabis “goldrush” shows no sign of letting up. As of January, there are more states that have legalized marijuana in some form, whether for medical or recreational use, than the 17 states that have no legalization whatsoever. For those 33 states and the District of Columbia, business is […]
post: Missouri’s Triad Bank now offering services to cannabis businesses
By Nick Thomas Missouri’s medical marijuana industry has yet to launch, but that hasn’t stopped one local bank from stepping up to provide services. Triad Bank, based in St. Louis suburb Frontenac, is offering deposit services to marijuana-related businesses such as processors, cultivators and dispensaries, CEO Jim Regna told Marijuana Business Daily. The bank is well […]
post: The California Cannabis Authority Gains Momentum
In a small conference room in Yolo County last week, a number of County Supervisors, Treasurer Tax Collectors and Auditor-Controllers from around the state gathered together to talk pot. More specifically, they gathered together to talk about the numbers – cannabis permits, state cannabis licenses, tax proceeds, and how they are going to use this […]
post: A half-banked industry — new cannabis businesses need access to financial service
If you ever open a cannabis business, you will have this meeting: Some really big guys will contact you about your cash problem. A cash problem only they could solve. It will require unmarked, bullet-proof vans, guns, more big guys, and some special relationships with government officials. At one point, when you ask how they […]