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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. Simplifya Smart Cabinet.
Marijuana may be a lucrative opportunity on the surface, but there are several conditions that could put the industry out of reach for some time. Unfortunately, the high standards required to put medical cannabis in compliance means smaller cultivators are effectively out of luck. Strict Regulations. . But that isn’t enough.
Big data and technology have become critical to a wide variety of industries in recent years, and the cannabis industry is no exception. Through advanced data collection and the application of sophisticated algorithms, usable data is now available to help marijuana businesses: Predict trends. Met consumer demands. Reduce costs.
Without compliance boxes checked, the operation will not be able to launch. Data & Software. Nearly every single state requires license holders to document compliance using seed-to-sale tracking software. This ensures that at any moment data can be sourced from every legal cannabis plant that has been grown and sold.
One of the things she does is collect and analyze data about cannabis products and how patients with different medical conditions respond to them. All of that data is packaged into software doctors can use to manage their patients’ medical marijuana treatment. “I I know how to collect data. I know how to analyze data.
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.
The latter requires extensive vetting , including analyses of the underlying target condition and other related available treatments, conducting a cost benefit analysis from clinical data, as well as strategizing on how drug risks may be identified and mitigated. Plaintiffs are seeking the return of profits made from sales.
Since these beginnings in 2014, many other changes surrounding the use and possession of medical marijuana have been put into place in Missouri so the state can provide legal medical marijuana to patients suffering from a variety of approved conditions. Is medical marijuana being sold in Missouri yet? million and June bringing in roughly $16.5
million settlement, based on the actions of a third party texting technology, is insufficient, and who was at the same time hit with another separate TCPA suit based on their current terms and conditions. As such, compliance with the TCPA was already difficult for even the most established industries and companies.
WSDA will apply the measurement of uncertainty (+/- 0.06%) outlined in the USDA’s interim hemp rules to the reported THC concentration to determine if hemp material is in compliance with the 2018 Farm Bill. Certifying that the WSDA has resources to undertake the Plan. The Plan also includes a detailed sampling protocol for testing hemp.
A third item states that, “The Department shall authorize a dispensing organization that has been unable to find a suitable location within the BLS Region in which it was awarded a license to transfer its Conditional Adult Use Dispensing Organization License to another BLS Region specified by the Department.” “BLS
Dr. Maxwell’s team also collected data contained in samples sourced from California. After a close analysis of the data, the team determined that an absence of consistent federal guidelines regarding marijuana contaminants ultimately increases the risk of consumers developing health issues.
Turning to M&A, every acquisition agreement has pre- and post-closing conditions and cannabis is no different. However, depending on the state or even the city or county in which the cannabis business operates, and due to new owner reporting requirements, conditions to and after closing will vary wildly.
Tremor Video , a leading programmatic video and CTV platform, and Fyllo , the leader in compliance-first SaaS solutions for highly regulated industries, today announced a partnership enabling advertisers to target cannabis and CBD consumers across all video screens including programmatic video and Connected TV (CTV).
Medical marijuana (MMJ) has emerged as a critical treatment option for various health conditions, prompting a shift toward online application processes. Medical marijuana refers to the use of cannabis and its cannabinoids to treat medical conditions. Compliance ensures legal protection for patients and healthcare providers.
The Release reads… Cannabis Marketing Technology Leader Fyllo Acquires CannaRegs to Bolster Compliance at Scale for Brands and Publishers. Fyllo to Enhance CannaRegs’ Platform with Improved User Interface and Incorporate its Data into its AI Engine CannaBrain to Automate Creative Compliance. The company ?
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. DENVER , Sept. LTM revenue. An updated investor deck on the transaction will be made available at: ir.akerna.com.
With increasing acceptance of medical marijuana as a legitimate treatment option for various health conditions, the industry has attracted significant attention from investors, entrepreneurs, and policymakers alike. Additionally, stigma and misinformation surrounding medical marijuana persist, impacting public perception and patient access.
By legalizing MMJ, the state has facilitated access to a natural and potentially life-changing treatment option for patients suffering from various medical conditions. It has improved the quality of life for those dealing with chronic pain, nausea, seizures, and other medical conditions. Image by Pfüderi from Pixabay.
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.
The other two companies likewise made similar claims that their CBD products could treat pain and other conditions (both physical and psychological), such as anxiety, depression, fibromyalgia, heart disease, and autism. That company cited to its participation in research with Harvard researchers.
The Arkansas medical marijuana program, established through the Arkansas Medical Marijuana Amendment in 2016, has paved the way for patients suffering from a variety of debilitating conditions to find relief and improved quality of life. Typically, medical marijuana cards need to be renewed annually.
20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3
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.
Therapeutic Medical Devices are Preferred by Physicians and Patients for Acute and Chronic Respiratory Conditions. Technological Innovations are Focusing on Development of Connected Inhaler Devices with Data Tracking Capability that Enable Compliance and Remote Monitoring. The Strategic Imperative. Research Scope. Cognita Labs.
For example, Oregon CBD analyzed genomic data from a population of autoflower plants to identify a genetic marker for the autoflowering trait. Ensuring Regulatory Compliance A microbial failure can be a devastating financial hit for commercial cannabis growers. In other states, growers have to scrap the entire batch.
Research indicates that psychedelics have the potential to be a breakthrough in treating PTSD, depression, addiction, and other conditions. The MAPS Corporate Counsel will act as leadership for legal across MAPS and its subsidiaries and is responsible for leading legal initiatives to mitigate risk, ensure compliance and expand opportunities.
For example, on December 22, 2020, the FDA issued five warnings letters to companies for selling products containing CBD, all addressing the “illegal marketing of unapproved CBD products claiming to treat medical conditions” and the “impermissible marketing of CBD products as dietary supplements.” [2]
Leaf Data Systems Update. WSLCB Enforcement officers will begin working with marijuana retailers to educate staff, check for violations, and take appropriate action to gain compliance. Leaf Data Systems Update. The next software release for Leaf Data Systems is coming soon! Paying Your Excise Tax. Full Newsletter.
Cann Group has established a leading position in plant genetics, breeding, extraction, analysis and production techniques required to facilitate the supply of medicinal cannabis for a range of diseases and medical conditions. The Company is commercialising a range of imported and locally sourced and manufactured medicinal cannabis products.
Cann Group has established a leading position in plant genetics, breeding, extraction, analysis and production techniques required to facilitate the supply of medicinal cannabis for a range of diseases and medical conditions. The Company is commercialising a range of imported and locally sourced and manufactured medicinal cannabis products.
Closing of the Private Placement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the Toronto Stock Exchange. Each whole Warrant will entitle the holder to acquire one additional Common Share at a price of USD$0.50 HempFusion Wellness Inc.
Expanded Qualifying Conditions. Another change is Pritzker’s expansion of the qualifying conditions for medical marijuana. The sheer number of new conditions is commendable. Now, patients suffering from these conditions can explore additional options if conventional treatment is insufficient. Interest in “Equity”.
ii Non-clinical studiesAlthough the use of animals in research is separately regulated by each state and territory, all require compliance with the Australian Code for the Care and Use of Animals for Scientific Purposes (Animal Code). The TGA does not evaluate any data relating to the trial.
MJ Freeway Co-Founder & Chief Executive Officer (CEO) Jessica Billingsley will lead Akerna and is the first CEO to bring a regulatory compliance technology company in the cannabis space to Nasdaq. Combination Creates Leading Nasdaq-Listed Compliance Technology Company in the Cannabis Space. Full press release below.
Source: New Frontier Data). · Domestic quotas represent a further milestone in the Company’s stated timeline to bring the first medical cannabis products to market in Colombia, targeting patients with two priority conditions; chronic pain and nausea associated with chemotherapy.
We are a diverse team that shares a deep belief in the critical need for innovation and expanded access in the treatment of mental health conditions. Contract control : review and interpret corporate contracts, non-disclosure agreements, data processing agreements, fiscal sponsorship agreements, and other legal compliance documents.
Delivery Data Required to be Reported in Metrc. Another noteworthy change is that retail delivery data will be required to be entered into Metrc by January 1, 2023. Note: CDTFA decreased the mark-up rate from 80% to 75% for the period beginning July 1, 2022 through at least December 31, 2022. Read the CDTFA announcement.
The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes.
Johan Tijssen, Director at HempBLOCK operations in the USA and Australia, said the extensive research his company has undertaken confirmed that conditions are highly favorable to successfully enter and procure business in these markets. We believe that these conditions will be met within the next 2 years.
Cannabis businesses that are ill-prepared for these regulatory requirements risk facing litigation, enforcement actions, fines or penalties, and negative publicity, while those taking a proactive approach to compliance may find opportunities to mitigate and even monetize those risks. Next Steps.
He also expanded the list of qualifying conditions, opening the door for a broader group of patients. WeedAdvisor’s business solutions make it easy to handle functions like POS, reward programs, compliance, inventory tracking, data monitoring, employee safety, reporting and more.
Data from this report will help OPS better prepare for license and compliance work in January 2023 when it starts accepting license applications for the program. Based on this data, those who imagined future psilocybin service centers as sprawling psychedelic havens may need to wait a while before their dreams come to fruition.
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