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The Benefit of Multiple Data Sources photo

The Benefit of Multiple Data Sources

by Isaac Freitas, 4/14/21

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... Read More >
Quality Assurance the NCS Way photo

Quality Assurance the NCS Way

by Isaac Freitas, 4/7/21

Bringing insight to licensee data takes developing top-level reports and ensuring the validity and quality of data from the moment it arrives. NCS receives data from various sources, and each piece of data goes through a series of checkpoints before it is displayed in the NCS Platform. Upon receipt, the data's quality is checked to ensure that the correct fields have been included with no vital information missing. This includes checking to see if necessary fields such as sales dates, transfer times, or package labels are present. ... Read More >
How Long is Too Long?: Cannabis Shelf Life photo

How Long is Too Long?: Cannabis Shelf Life

by Mark Nassi, 3/31/21

Think about the pantry or spice rack in your home. Do you have any products or spices you don't know exactly how old they are? I'm guilty of this, so I assume others are as well. In my family, the garlic, basil, and oregano get cycled pretty well. But I couldn't tell you how old the marjoram, mustard or carraway is. Would I ever use those again? Probably. I'm not exactly America's Top Chef™. I am a gardener, though. I love harvesting my vegetables and herbs and... Read More >
Planning, Improving and Evolving With Agile Development photo

Planning, Improving and Evolving With Agile Development

by Dani Berger, 3/24/21

Imagine you just purchased a home. It's nearly new, but there are still several improvements and refinements you'd like to make. As time passes, the list is continuously changing and evolving. Before long, it seems that you are constantly working on a project and planning for the next. Continually making home improvements is not that much different from using the agile development process to enhance the NCS Platform. The NCS Platform is a web-based application, and our team of developers and analysts are always hard at work... Read More >
The Effect of Big Data photo

The Effect of Big Data

by Paige Reimers, 3/10/21

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, often unorganized, or doesn't have analytical power to evaluate it. One of the original definitions of Big Data (Gartner, 2001) is "data that contains greater variety arriving in increasing volumes... Read More >
Modeling Snow Forecasts: Is There A Superior Method? photo

Modeling Snow Forecasts: Is There A Superior Method?

by Will Krebs, 3/3/21

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 the foresight to plan for it, the weekend of 2/6 may have been 2021’s best thus far. Skiing and snowboarding enthusiasts are always chasing after those coveted “pow days”. Unless you live within a few miles of a ski resort, you’re most likely... Read More >
Is that deductible? Cost of Goods Sold and 280E photo

Is that deductible? Cost of Goods Sold and 280E

by Mark Nassi, 2/24/21

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, but for this example, let's assume separate people). You'd need a studio space and utilities. Because this pot-making process can't be done in a day, there is a manufacturing progression. You'll have some pots in the... Read More >
The Magic Of An API photo

The Magic Of An API

by Dani Berger, 2/17/21

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 through an API. What is an API, you ask? Great question! The word API stands for Application Programming Interface. It's a link that allows two applications, or software, to send and receive information. It works behind... Read More >
Cultivation Deep Dive: What is a plant batch anyway? photo

Cultivation Deep Dive: What is a plant batch anyway?

by Isaac Freitas, 2/10/21

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 method, such as planting seeds or clones from other cannabis plants. This makes it easy for the cultivators to know where plants are in the growth cycle and makes it straightforward for regulators to see plants' current status in a... Read More >
Know Your Portfolio with Ongoing Monitoring photo

Know Your Portfolio with Ongoing Monitoring

by Paige Reimers, 2/3/21

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 reliable procedures. While the initial steps of any compliance program start with preliminary customer due diligence, many times, consistent, ongoing monitoring falls by the wayside because it can be overly time-consuming. ... Read More >

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