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Illicit marijuana providers don’t ask for or check for ID, but licensed businesses most certainly do.” The post Colorado: Compliance Check Data Confirms That Retailers Aren’t Selling Marijuana to Minors appeared first on NORML. “Regulation works.
Fyllo are getting busy. The post US Compliance Company Fyllo Acquires Marketing & Loyalty Tools Outfit Data Owl first appeared on Cannabis Law Report. It’s looking as though they are ramping up for changes in US Federal legislation throughout 2021-2022… Read More.
The Illinois Department of Agriculture (IDOA) and Division of Cannabis Regulation today issued a compliance alert for cannabis transporters in Illinois. The GPS tracking system shall also be able to store historic data (for no less than 12months) and shall permit the Department to search all real-time and archived data upon request.
The Illinois Department of Agriculture (IDOA) recently released two press announcements dealing with new online portals for cannabis businesses. The second announcement (see previous article for first announcement ) focused on the implementation of a paperless registration system for cannabis businesses. See Extension Announcement.
Simplifya Offers a Suite of Comprehensive Compliance Solutions for Cannabis Businesses in New Mexico Ahead of Adult-Use Sales Launch. Company’s Proven Compliance Solution Helps Cannabis Operators Stay Compliant as State Readies Adult-Use Market. They outline best practices and processes for the clients’ entire organization.
billion in the United States in 2018, and the number of “plant-touching” jobs is expected to pass 500,000 by 2022, according to New Frontier Data, a cannabis market research and data analysis firm. To succeed, you need more than a solid business plan and ace team (though those are crucial, too). Legal weed generated $10.4
Today, we stood with Representatives Tulsi Gabbard and Don Young as they introduced the Ending Federal Prohibition Act and Marijuana Data Collection Act. Despite this economic boon, marijuana businesses are still unable to utilize financial services and face issues regarding taxation that no other legal business faces.
Building the bridge between brands and the marketplace through testing and the importance of good data. If left to their own devices in Cannabis, a mixed bag of state regulations will continue to confuse the market as they rush to implement policies that are challenging for business and almost impossible for the consumer to understand.
There are five important “categories,” that require company leaders’ utmost focus and attention as they launch a compliant cannabis business in a newly legal state. Non-compliant businesses face the risk of being shut down and attract negative attention to the cannabis industry. Cutting across these categories is the team. Real Estate.
The Cannabis Regulatory Agency (CRA) began publishing monthly disciplinary action reports related to fines and suspensions issued against Michigan’s marijuana businesses for violating agency rules. Marijuana businesses are required to submit annual financial reports, similar to audits, conducted by outside accounting companies.
Shield Compliance is a comprehensive compliance management platform for banking cannabis-related businesses. Why Does Shield Compliance Subscribe to the Cannabiz Media License Database? It’s an important part of our license verification process and our licensed data set.”. What’s Next for Shield Compliance?
.–(BUSINESS WIRE)–Wolters Kluwer Health today announced it has signed and completed the acquisition of Invistics Corporation (Invistics), a U.S.-based based provider of cloud-based, AI-enabled software for drug diversion detection and controlled substance compliance.
These new team members will be instrumental as we scale our business to tackle the compliance and marketing needs of companies in both the cannabis sector and other highly regulated industries.”. Mainstream brands also use the Fyllo Data Marketplace to target previously inaccessible cannabis and CBD consumers.
The data tool can be found on the DCC website here: [link]. The interactive map shows 44 percent of cities and counties allow the licensing of at least one cannabis business type, while 56 percent of cities and counties prohibit the licensing of all cannabis business types. SACRAMENTO, Calif.–( Tweet this.
SOL Global Leads $30M Series B Round for Enterprise Technology Platform TORONTO–(BUSINESS WIRE)–SOL Global Investments Corp. (“SOL Global” or the… Read More.
According to data from the Missouri Department of Health and Senior Services, there are 192 licensed dispensaries in the state. According to data released by the Department of Health and Social Services, the steady increase in dispensary sales began accelerating in February of this year and has not slowed since.
This position will serve as a lead regulatory compliance manager for applications, complaints, and enforcement for all Commission matters. The position requires expertise with state government complaints and compliance systems necessary for regulatory compliance oversight of a controlled substance.
Our California cannabis attorneys frequently assist clients with track-and-trace compliance and preparation. This effectively means that businesses have to stop doing business until access is restored—no matter what—and every day waiting could cost thousands of dollars in lost revenues.
Akerna (Nasdaq: KERN ), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform ® ), announced a new offering, Akerna Connect. The tools that Akerna Connect provides our dispensary are game changing.
Supreme Court has decided not to help resolve an ongoing legal battle between the Internal Revenue Service (IRS) and various cannabis businesses in Colorado. Understanding the Impact of Section 280E on Cannabis Businesses. Many business owners even choose to operate illegally as a way of saving money. cannabis sector.
Big data and technology have become critical to a wide variety of industries in recent years, and the cannabis industry is no exception. Today, databases, predictive analytics, artificial intelligence , and machine learning are having widespread effects on cannabis businesses, investors, regulators, and consumers. Met consumer demands.
Report: Cannabis Users’ Sensitive Data Exposed in Data Breach. Led by internet privacy researchers Noam Rotem and Ran Locar, vpnMentor’s research team discovered a data breach in THSuite, a point-of-sale system in the cannabis industry. THSuite Company Profile. Timeline of Discovery and Owner Reaction. But rare are these times.
A group of Colorado lawmakers wants to increase oversight of the state’s marijuana businesses, but the cannabis industry is ready to fight the proposal. The bill requires the state licensing authority to conduct at least 2 compliance checks a year at each medical and retail marijuana center. BILL SUMMARY.
Let’s take a closer look at five key ways big data and technology are directly impacting the industry. Big Data Streamlines the Marijuana Regulatory Process and Helps Close the Scientific Research Gap. Therefore, the growing marijuana market lacks the clinical data needed to help marijuana businesses create new and better products.
Akerna (Nasdaq: KERN ), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®) today announced the release of its second annual mid-year review. Full cannabis supply chain data. About MJ Freeway.
Based on government agency data, when viewed collectively, Ionic Brands manufacturing partners’ amount to the fifth-largest wholesale operator in Washington by revenue for the period of 2020. This press release includes market and industry data that has been obtained from third party sources, including industry publications.
Alliance offers cannabis-related businesses and financial institutions a safer way to process transactions while creating new revenue opportunities. POSaBIT puts compliance at the center of everything it does. POSaBIT puts compliance at the center of everything it does. About POSaBIT.
Based on her data, Dr. Snyder finds that requiring “Total THC” concentrations not to exceed 0.3%, rather than just limiting ?9-THC, The USDA’s October 29, 2019 issuance of the Final Interim Rule (Rule) regarding hemp requires pre-harvest testing to take into account total tetrahydrocannabinol (THC) (Total THC) to determine compliance.
This position will serve as a lead regulatory compliance manager for applications, complaints, and enforcement for all Commission matters. The position requires expertise with state government complaints and compliance systems necessary for regulatory compliance oversight of a controlled substance.
Offer cannabis operators a seamless solution from startup to multi-state operator while maintaining regulatory compliance every step of the way through Akerna’s compliance gateway. First launched in 2010, Akerna has tracked more than $20 billion in cannabis sales to date and was the first cannabis software company listed on Nasdaq.
This milestone speaks to the success of licensees that have interacted with the Commission from the application stage, maintained compliance with our strict regulations, and contribute every day to communities across the Commonwealth. Licensing, Agents, and Equity.
–(BUSINESS WIRE)– PSI Labs , an Ann Arbor, Michigan-based ISO 17025 accredited Safety Compliance Facility that provides essential cannabis testing services, today announced its expansion into Southern California with the acquisition of pH Solutions, LLC. MONROVIA, Calif.–(BUSINESS CSO and Co-Founder of PSI Labs.
By analyzing this data, growers and businesses can make informed decisions about how to adjust the growing environment to maximize yield and quality. By analyzing customer data, AI can create custom product recommendations based on preferences and past purchases.
The state’s regulatory agency sent out a bulletin last week to notify business owners it will transition away by the end of the year from Akerna’s Leaf Data Systems platform in favor of one developed and maintained by regulators. The session will cover the fundamental processes and data reporting requirements of CCRS.
In the meantime, states continue to develop and enhance laws governing the production and sale of consumable hemp products and will likely continue to do so, underscoring the importance of state law compliance. Safety Data Matters. Charlotte’s Web, Inc. View source.]. Originally published at.
Last year, our cannabis business attorneys closed more than $100 million in cannabis company acquisitions, and that shows no signs of stopping in 2019. Cannabis M&A is not your run-of-the-mill business dealing though, and working from boilerplate, rote M&A documents is hugely dangerous. Closing Can Be Chaos.
Managing drug product labeling is a challenge due to new data, required changes by regulations, poorly integrated legacy systems, fragmented manual processes, and other factors. Fierce Biotech write. A new, better approach to drug product labeling is needed. Download at.
The Core Business delivered strong organic growth 13 in H1 2021 (17% year-on-year) despite some of Eurofins’ businesses remaining affected by lockdowns during H1 2021. We thus provide comparison with the pre-pandemic period of H1 2019 as an additional data point. for the three historic TIC leaders.
–(BUSINESS WIRE)–WM Technology, Inc. (“WM WM Technology” or the “Company”) (Nasdaq: MAPS), a leading technology and software infrastructure provider to the cannabis industry, has released its first data and insights report, titled ‘Cannabis in America’. New businesses, opportunities, and challenges continue to arise.
We provide technical and business advisory expertise to our clients in tax compliance, financial and business consulting, and accounting services. Ensuring compliance with local and state cannabis regulations and respective taxes. Experience with tax preparation of: 1040 / 1120S / 1120 / 1065, etc.
Understanding these trends is vital for businesses to effectively meet consumer needs and stay competitive in the market. Regulatory Framework and Policy Implications The regulatory framework governing the medical marijuana industry has profound implications for businesses, consumers, and society as a whole.
In March, last year the US Food and Drug Administration (FDA) requested specific data on liver toxicity data after saying it believed from CBD use posed ‘real risks’ to human health. Data To Be Used In UK . It will allow us to differentiate ourselves from the people that don’t. There are a lot of bad actors in the market.”.
The Seed to Sale software is designed to amplify operations and automate compliance to promote exponential levels of success, profits, and growth. Data Collection: Input data directly off the scale or the warehouse floor, getting it digitized as fast as possible. How Seed to Sale Works.
Not everyone has dispensaries up and running yet, so this data doesn’t reflect sales in all 38 legal states. . According to the flash report, historical data shows cannabis sales typically spike the weekend before the 4th and Friday, July 2nd is expected to retail nearly $91,000,0000 – up 60% from an average Friday.
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