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Flora’s new platform for consumers, distributors, and government regulators will demonstrate its commitment to operational excellence and transparency enabling end-to-end supplychain validation, setting a new global standard for cannabis distribution. About TruTrace & Applied DNA Technologies.
HERBL , California’s largest cannabis supplychain solutions company, today announced its acquisition of Blackbird , a premier cannabis distributor and direct-to-consumer software solutions company based in Nevada. This deal exemplifies our forward-thinking vision for the future of the cannabis supplychain market.”.
As it is now prevalent in many types of software and applications, AI is revolutionizing workflows, business practices, and entire industries by changing the way businesses work, access information, and analyze data. There are many ways in which AI tools are used in businesses, but most applications focus on driving growth.
When you walk into a hardware store, pharmacy, or even a liquor store, if you don’t know exactly what product will meet your needs there’s someone educated enough to point you to the right product and the data to back up that recommendation, says Tyler Dautrich, COO of Releaf.
Outspoke is a supplychain management software for multi-licensed retailers and distributors. Our platform turns cannabis inventory data into tools that help you manage your … Read More. The post Head of Marketing Outcrowd Group - Remote first appeared on Cannabis Law Report.
Cannabis businesses share the modern environment of extremely high data security risk. The cannabis industry occupies a unique spot when it comes to user data security.
Through our ecosystem, cannabis businesses can manage, strategize, report on, and plan every facet of their business and supplychain.”. Using connected data and information to propel the cannabis industry forward, Akerna empowers businesses, governments, patients, and consumers to make smart decisions.
Security Matters claims its chemical solution will help manage the supplychain of cannabis by marking any cannabis product, in its solid, liquid, or gas form, with a chemical-based barcode recorded and protected using blockchain technology. Information is power, data is power.”.
[link] [link] At Meadowlands, representatives from along the licensed California cannabis supplychain discussed creating an environment of open, cooperative cannabis, scaling in the legal market, and capturing the opportunity to finally a create a cannabis industry in California as it should be. no one can operate in a silo.
Data Snapshot: Cannabis Consumer Spending and Trends: James Ahrendt , Business Intelligence Architect, Akerna. We carefully curate this data and research-based report for anyone interested in gaining a better understanding of the fastest-growing industry in the world,” says Jessica Billingsley , Akerna Chief Executive Officer. “We
Metrc stated, “Seamless data tracking in Metrc helps operators optimize inventory control, accurately report sales data, and improve cultivation management. With the new contract, Metrc is poised to take over Illinois’ seed-to-sale tracking for licensed operators. Illinois uses BioTrack as its current track-and-trace vendor.
Companies across the cannabis supplychain rely on Fyllo’s compliance-first solutions to navigate the industry’s ever-changing regulatory environment and respond to growth opportunities with confidence and speed. Mainstream brands also use the Fyllo Data Marketplace to target previously inaccessible cannabis and CBD consumers.
Changes in regulations can have ripple effects throughout the industry, impacting supplychains, investment strategies, and consumer access to medical cannabis products. Effective supplychain management encompasses inventory management, transportation logistics, and compliance with regulatory requirements.
The plan follows two reports to Congress last year (which the Perkins Coie Cannabis Industry Group has previously written about here and here ) on the safety and labeling of products containing cannabidiol (CBD) and a public statement from outgoing FDA leadership in early 2021 seeking better data for a better understanding of CBD safety.
At the same time, Parrott expects the agency will release an overview of the state’s legal supplychain, possibly as a year-end recap. California marijuana track-and-trace data to remain confidential. That will allow industry officials to get a better idea of the size of the legal marijuana market. “I
A Windsor, Ontario-based company Audacia Bioscience is especially focussed on three patented technologies that deliver consumer and patient insights to the industry to close the knowledge gaps in the supplychain. However, the simplicity and efficiency of Broccoli lies in how fast the data can be returned.
Our team, backed by funding from leading VC’s, including Founders Fund, Thrive Capital, Nosara Capital, and Lerer Hippeau is poised to define the cannabis supplychain through technology. LeafLink processes more than $4.4 billion in wholesale cannabis orders annually. Regulatory experience preferred but not required.
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.
It has the potential to revolutionize the experience for consumers and companies alike, from improving the cultivation process and boosting production to increasing efficiency, solving supplychain issues, and enhancing the customer experience. Analysis from AI can help businesses increase customer loyalty and drive sales.
Coindesk reports… Vermont regulators will track hemp production on the ethereum mainnet in partnership with cannabis supplychain blockchain startup Trace. Beginning in March, farmers and processors will begin putting all associated crop data into the Trace system, which runs on ethereum. “We
CSE: TTT; OTCQB: TTTSF) (TruTrace) under which TruTrace’s blockchain-based StrainSecure™ platform was integrated with CertainT to deliver a complete, end-to-end supplychain security solution to cannabis companies. This identifier can then be tested for its presence as it travels throughout a global supplychain.
Key findings of the survey include the fact that in 2019 “65% of farmers who responded to the national survey did not have a buyer” & “there is only one processor for every four growers and the average acres per processor is 138 acres, signifying a major constraint in the hemp supplychain.” cash crops.
This allows them to proactively adjust product formulations, supplychains, pricing, packaging and more to increase sales, satisfaction and loyalty. Native’s platform gives independent F&B brands access to first-party consumer data – which has historically been hoarded by retailers.
The study will utilize Radicle Science’s data analytics platform and a virtual, direct-to-consumer model to deliver objective health outcome data across diverse populations and conditions. This randomized controlled trial will collect data on 13 U.S.
per share, the result of continued execution across the business segments, the TerraSmart acquisition, and 80/20 productivity initiatives, partially offset by timing and alignment of higher input costs and price increases, supplychain disruptions, and shifts in project timing in the Agtech and Renewables segments. million, or $0.80
“In LocoSoco, we’ve found a uniquely structured distribution network and like-minded collaborator who shares not only our dynamic vision for the mushroom category but also our principles around community building and value sharing at every point in the supplychain. over the next eight years, according to Data Bridge Market Research.
A study from Ohio State University , using Michigan’s first-year cannabis sales data in 2021, projects Ohio could generate between $275-403 million in annual cannabis taxes within five years of launching its own recreational market.
Treez ( www.treez.io ) , a private company and leading provider of an enterprise cloud platform that streamlines retail and supplychain operations in the cannabis market, today announced it was ranked #13 by the San Francisco Business Times on the Fast 100 annual fastest-growing companies in the Bay Area 2021 list.
FDA has been foot-dragging, primarily due to the fear of excess high-causing THC sneaking into the food supplychain. The letter cautioned that there are no substantial data on the residual concentration of cannabinoids in animals fed with hemp products. So, regardless of hemp’s increasing societal acceptance in the U.S.
Introducing the 2 nd Annual Hemp & CBD Industry Factbook – the most comprehensive and reliable data resource for the hemp and CBD industry available today and the only report to deliver a complete, end-to-end look at the cannabis supplychain. How are businesses navigating regulatory gray areas?
Data shows that Hispanic Americans are more interested in using cannabis and CBD for wellness than other groups and “is believed to be in part due to the connections between the Hispanic community and nature.” Supplychains are disrupted as a result, and consumers grow fearful of buying hemp. Leonardo “Leo” Orozco.
Its AI-powered natural language processing (NLP) technology collects real-time data from Point of Sale (POS), e-commerce reviews, social media, smart labels and more to allow brands to assess sentiment around taste, packaging, price and more.
Building the bridge between brands and the marketplace through testing and the importance of good data. A need for data at all of these levels and data specific to product type drives more advanced methodology in the laboratories, often resulting in a better understanding of the matrix and more accurate data.
This new facility, solely dedicated to our brands, also contains multiple indoor grow rooms that enables us to fully integrate the supplychain in the Washington market and expands our partners existing growing capacity in our southern Washington facility, located at the Cowlitz manufacturing site.
While Wednesday’s $2 billion sales milestone does account for initial delivery sales conducted via the three operating licensees, the Commission is not parsing out specific data at this time to maintain driver safety. This past May, the Commission launched the license application for Marijuana Delivery Operators.
Businesses employ ERP solutions to manage their functions in a centralized system, bringing business intelligence and data, compliance and risk management, customer management, inventory, finance, operations, and supplychain information together. About 365 Cannabis.
They make a good point, considering the fact that the legislation invites hemp cultivators to participate in the state’s supplychain. Cannabis industry data analytics firm Headset Insights confirmed the industry’s success in April, when it published a report highlighting $909.4
billion in total cannabis sales thus far in 2021 (according to New Frontier Data). Crop yield is the backbone of the cannabis supplychain, of course. As for the $4-billion figure, the Dark Heart team is tabulating a possible 33% loss on the $11.9 What grower doesn’t want to increase yield?
is a data driven agriculture technology company developing innovative, cost-effective, automated and efficient growing systems for both the at-home consumer as well as commercial operators. Examples of such statements include, but are not limited to, statements with respect to the Company’s supplychain and business plan going forward.
The Department issued the extensions after considering supply-chain issues and the business-related consequences of COVID-19. Craft cannabis growers in Illinois who received licenses in 2022 have been informed that the deadline date has been extended to Dec.
Introducing the 2 nd Annual Hemp & CBD Industry Factbook – the most comprehensive and reliable data resource for the hemp and CBD industry available today and the only report to deliver a complete, end-to-end look at the cannabis supplychain. How are businesses navigating regulatory gray areas?
According to data from Cannabiz Intelligence™ , a handful of cannabis license holders dominate multiple markets across the United States. These 10 companies hold licenses across the supplychain, and some report total quarterly revenues exceeding $300 million.
The bumpy rollout underscores the difficulties of developing from scratch a key regulatory platform to oversee the recreational cannabis supplychain, from seed to sale. 7 in order to move away from Akerna’s Leaf Data System.
And recent data released by the USDA on the value of national hemp production in 2021 reveals that, despite challenges across the country, hemp remains a viable and valuable domestic crop. The USDA is keenly aware of the need for more data from the industry to develop more specific, data-driven policies in the future.
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