by Adam Crabtree,
5/26/17
Why is a compliance component necessary, along with seed-to-sale tracking?
At Nationwide Compliance Specialists (NCS) we use our proprietary advanced analytics tool to identify concerning trends in real-time, catch bad actors, keep communities safe, and identify sustainable solutions to ensure clients are both compliant and protected. Not to mention – compliance efforts also help states capture revenue.
It’s not about being “for” or “against” legalization – it’s about ensuring states and local governments are advised on best practice.
Yes, the differences flagged in the seed-to-sale tracking system could be simple mistakes; however, without proper data analytics, we’ll continue to see discrepancies like these plaguing cash-intensive businesses. Moving forward, advanced data analytics are vital. NCS’s work supports good government and combats financial and public safety risks stemming from the black and gray markets.
Bottom line: Compliance and seed-to-sale tracking are not mutually exclusive.
New Mexico MMJ tracking system shows discrepancies
About the Author:
Adam Crabtree
Adam is the Founder and CEO of NCS Analytics, Inc (NCS), headquartered in Denver, Colorado. Adam began his career in banking, managing sales, operations, and compliance with a Tier 1... more
Adam is the Founder and CEO of NCS Analytics, Inc (NCS), headquartered in Denver, Colorado. Adam began his career in banking, managing sales, operations, and compliance with a Tier 1 bank. It was here that he recognized the inherent flaws and the systemic disconnect between banks, state government, and the cannabis industry. Using his background and acumen in banking, he developed the NCS Platform, a patent-pending predictive analytical algorithm-based system capable of aggregating and analyzing tens of millions of data points that are then transformed into clear, concise, detailed reports.
This solution has given him the opportunity to work collaboratively with state officials as well as financial institutions in Colorado and California. He's been a guest speaker or conducted training to the California Assembly, Alaska Bar Association, State Board of Equalization, Native Nation Conferences and numerous elected officials spanning from Hawaii to Massachusetts. Adam is a proud three-time graduate of the University of Colorado (BA, MBA, MSF), and currently serves as a member of the Track and Trace Advisory Board for the State of Colorado.
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