The Benefit of Multiple Data Sources

In addition to the already established data feeds, the NCS Platform can incorporate data from state-mandated reporting systems, data submitted directly from operators, third-party API submissions by point-of-sale vendors, financial records, and tax information.

Capturing data from multiple sources provides the flexibility to include pertinent information for each regulatory need. Each of these data sources is integrated into the NCS Platform to give a comprehensive view of the licensed businesses. In states with a mandatory state-reporting system, such as METRC or BiotrackTHC, governments, and financial institutions can choose to have the data loaded into the NCS Platform.

The benefit of having multiple sources of data is to allow different ways to see the same information and help identify where discrepancies may lie. For example, suppose you have a licensee with both METRC and manually reported data, and the numbers aren’t the same. In that case, it could indicate an error has been made in data entry or possibly that data didn’t register accurately. Alternatively, if you have a licensee with reported sales and tax information that doesn’t match up, it could indicate that something a little more unscrupulous could be taking place. Either way, data discrepancies across different sources are important to be aware of.