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The 144-page report, compiled by the Cannabis Regulation Oversight Office (CROO), incorporates data from several state departments. The report also touts, as more evidence, Illinois’ $2,007,401,374 in sales during the past fiscal year. The Department will transition to this updated system throughout the next two years.”
Fortune Sing Up Akerna CEO On Same Day It’s Revealed How Much Washington Taxpayers Have Spent On Leaky Seed To Sale Tech. Washington state is scrapping its contract with a third-party, marijuana seed-to-sale traceability provider in favor of a more simplified system developed in-house, a first for any state cannabis program.
. … An association of marijuana testing labs is calling on the state to release unredacted data from Nevada’s seed-to-sale tracking system amid assertions that certain unidentified labs are inflating THC content readings and giving fewer samples a failing grade in an apparent attempt to attract more business.
It has been a few years since the wheels began turning on the legalization and sale of medical marijuana in the state of Missouri. Even though laws were put into place that legalized MMJ and made it possible for qualifying patients to access the medication, dispensaries and sales had not yet come into play.
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 Seed to Sale software is designed to amplify operations and automate compliance to promote exponential levels of success, profits, and growth. How Seed to Sale Works. Data Collection: Input data directly off the scale or the warehouse floor, getting it digitized as fast as possible. California. ?
(NASDAQ: FORA), a provider of technology, analytics and data science driven solutions for the healthcare and cannabis industries, announced that Connecticut has chosen BioTrack as the track and trace system for the state’s Department of Consumer Protection Drug Control Division. About Forian. Forian Inc.
Cannabis businesses in the state of Oklahoma have 90 days to become compliant with the state’s seed-to-sale (S2S) tracking system. Since the filing of this lawsuit last year, businesses have not been required to comply with any type of seed to sale tracking. Cannabis and Oklahoma: A Brief History.
Washington state is rolling out its own marijuana seed-to-sale traceability system after having relied on the private sector for years, but so far, the government-run platform’s debut this month has been less than smooth. 7 in order to move away from Akerna’s Leaf Data System.
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. You can access the report here. About Akerna.
Around tax time, I get this question a lot: “What is my cannabis business’s NAICS code or Business Activity Code?” It’s used by Federal statistical agencies for the collection and analysis of statistical data related to our economy.
Most states’ regulated cannabis regimes require licensed cannabis companies to use seed-to-sale track-and-trace software. 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.
Amendment 2, which became effective on December 6, 2018, legalizes marijuana for medical purposes, allows home growing, and imposes a 4% marijuana sales tax. First, Missouri implemented a seed-to-sale system which added many unnecessary layers between growing the plant and selling product to patients. million votes.
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.
The nature of the position involves designing application receipt and review processes, review of detailed license and renewal applications, preparation of complaints cases for investigations, preparation of investigations cases for disposition, and oversight of vendor data systems for complex laboratory, seed-to-sale tracking, and complaints.
On eve of Commission’s fourth birthday, Marijuana Establishments surpass $2 billion in gross sales since retail stores opened in Massachusetts; progress continues to achieve industry goals. Over the first year of adult-use sales , from November 2018 to November 2019, 33 Marijuana Retailers generated $393.7
Tracebility was and is the tracking of Cannabis and Cannabis-infused items and products from “see d to sale”, as directed to Washington and Colorado per the Cole Memo issued in August 2013. We would find that occasionally, a “lot” would disappear from the ready for sale portion of our cash register computers.
The Cannabis Central Reporting System (CCRS) is now the sole and official reporting system for cannabis business activity in Washington State. Second, this past Saturday evening the Liquor and Cannabis Board (LCB) decommissioned Leaf Data Systems. Business has not been halted nor has the system been down since “go live.”
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 future contracts for the seed-to-sale tracking system to be awarded pursuant to a transparent, online, and dynamically competitive process. BILL SUMMARY.
Fast-Growing Startup Secures Strategic Multi-Million Pre-Seed Investments from Executives at Blue Apron, Kellogg’s, USDA and others. The company also announced $1.75mm of strategic pre-seed funding from current and former leaders at several top companies and government agencies including Blue Apron, The Kellogg Company, USDA and more.
Insurance Journal reports… There’s a shortage of carriers offering insurance to cannabis businesses in numerous states, causing these businesses to pay more for policies or go underinsured. The division sponsored Colorado Cannabis Business Insurance Forum, a series of four virtual webinars. 2021 Guide to Cannabis Markets.
MARLBOROUGH, New Zealand & VANCOUVER, British Columbia–(BUSINESS WIRE)– #ERP–Elevated Signals software will enable Puro to become a data-led cannabis cultivator, Read More
The nature of the position involves designing application receipt and review processes, review of detailed license and renewal applications, preparation of complaints cases for investigations, preparation of investigations cases for disposition, and oversight of vendor data systems for complex laboratory, seed-to-sale tracking, and complaints.
Cannabiz Media’s new research report – Cannabis Software Stack – has been published and provides critical insights about seed-to-sale and point-of-sale software license opportunities (i.e., Contact the Cannabiz Media team at sales@cannabiz.media to get a copy of the full report. Your submission has been received!
This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. Understanding these trends is vital for businesses to effectively meet consumer needs and stay competitive in the market.
Google announced in May, 2019 that they had updated their policy section of the Google to ban apps “that facilitate the sale of marijuana or maijruan products, regardless of legality.” Long before we all got surgically-attached to our smartphones, cannabis was there, lovingly held in the palm of your hand, a constant companion in daily life.
We are proud to offer cannabis operators the most comprehensive cannabis technology ecosystem of the best-in-class tax, financial, compliance, consulting, training, data analytics, product development, and more.”. An updated investor deck on the transaction is available at: ir.akerna.com.
million for the business, and $4.5 The deal, which will assist Schwazze in expanding its business footprint across the State of Colorado, was confirmed following the signing of definitive documents outlining the planned transaction. Medicine Man Technologies Inc., The money will be used to purchase the cultivator’s assets.
WORCESTER—Today the Cannabis Control Commission (Commission) announced adult-use Marijuana Establishments in Massachusetts surpassed $3 billion in gross sales , according to the information that licensees report in the state’s mandatory seed-to-sale tracking system and is publicly available through the Commission’s Open Data Platform.
Last summer, Cannabiz Media published its first Cannabis Software Stack Report where we juxtaposed state license counts against all the companies that connect to METRC and Leaf Data Services in WA. Since compiling this data, we published an update last November with 43 additional companies. Your submission has been received!
Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. Job title: Business Contract Attorney.
The report provides an overview and analysis of the latest data, industry insights, and commercial opportunities that are central to the developing cannabis beauty sector. The global CBD skincare market is projected to be worth US$959 million by 2024 — which would account for an estimated 10% of global skincare product sales. .
Flora will use TruTrace’s blockchain-enabled platform for seed-to-sale tracking of its cannabis products – including integration of Applied DNA’s molecular tagging technology – to offer Flora’s customers a complete product validation and authentication solution. MIAMI & TORONTO–(BUSINESS WIRE)–Flora Growth Corp.
Patient and Caregiver Application Processing – Also effective May 7, 2019, SB 162 gave OMMA 14 business days to review and provide a response on patient and caregiver applications. OMMA is currently evaluating implementation timelines for this data infrastructure. This change aligns with language in HB 2612.
The Minority Cannabis Business Association (MCBA) recently released the first National Cannabis Equity Report , a 39-page document that explores the social equity programs within the 36 states that have legalized medicinal or recreational cannabis. It’s not a new problem, nor a problem limited to cannabis. The four pillars of equity.
Seamless data tracking helps operators optimize inventory control, accurately report salesdata, and improve cultivation management. The State plans to begin accepting licensing applications for businesses on September 1, 2022. “We LAKELAND, Fla., Metrc now holds exclusive government contracts in every region of the U.S,
This was not easy for me, as an attorney trained in scouring insurance policies and then litigating them for over a decade, so I cannot imagine how daunting this process is for a small business owner. . It takes reviewing a policy numerous times, with post-its, a marker and a highlighter, to conclude what is actually covered and not covered.
She argued that other labs commenting on the case have a vested interest in putting Certified Ag Labs out of business. The company was accused of failing to keep accurate records in the statewide seed-to-sale tracking system, failure to maintain records of waste product, and failure to notify the state that employees had been terminated.
We juxtaposed state license counts against the 320 companies that connect to METRC and Leaf Data Services in WA. We juxtaposed state license counts against the 320 companies that connect to METRC and Leaf Data Services in WA. Applications may include ERP, seed-to-sale, compliance, and supply chain/logistics.
Akerna to acquire 365 Cannabis, built on Microsoft’s Dynamics 365 Business Central, and become the most comprehensive cannabis ERP system offering a complete portfolio of tax, financials, reporting and compliance systems. The press release. DENVER , Sept. LTM revenue. DENVER , Sept. LTM revenue.
million for the business and $4.5 Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes.
Retail licenses for Oklahoma’s medical cannabis program declined 8% in 2020, the first contraction for the open-license market since MMJ sales began in 2018. Ed Keating, the chief data officer at Cannabiz Media, said the decline was not a surprise. The market can only sustain so many businesses.”. The entire U.S.
Since the passage of the Farm Bill in December of 2018 , there has been a marked uptick in interest in the cannabidiol (CBD) space from businesses and users alike. The FDA has provided clarity that hulled hemp seed, hemp protein powder, and hemp seed oil can be legally used in foods. The FDA needs to act.”
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