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The Illinois Department of Agriculture (IDOA) and the Division of Cannabis Regulation announced today an official Metrc implementation timeline for licensed cannabis businesses transitioning from BioTrack to Metrc as Illinois’ track-and-trace data system.
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.”.
Import, Export & SupplyChain Regulations 17. Several proposals aim to: Expand medicinal cannabis access. Data Privacy 29. What data privacy obligations do cannabis businesses have? Valid consent for data collection and use. Always confirm promotional strategies with a legal professional.
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. Edited and mixed by Michael Schaeffer Omer-Man.
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.
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. AI-Powered search platform maximizes access to publications. Mobile communities advance consumer research.
Since COVID-19 rocked the economy, cannabis businesses and supplychains claim to have been playing catch-up to get back to business as usual. they cant fully attribute high prices to COVID-era supplychain issues unless they factor in items like growing equipment that are commonly manufactured and shipped from overseas.
You can access the report here. Data Snapshot: Cannabis Consumer Spending and Trends: James Ahrendt , Business Intelligence Architect, Akerna. Using connected data and information to propel the cannabis industry forward, Akerna empowers businesses, governments, patients, and consumers to make smart decisions. About MJ Freeway.
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.
Ohio’s Cannabis Landscape: Current Status and Future Outlook Ohio’s medical marijuana program, first launched in 2016 , brought legal access to patients managing certain debilitating conditions, but it took three years for dispensaries to open up due to regulatory challenges. The pressure is on to capture this budding market.
Silo Wellness is also the first global psychedelics company to access the nationwide network of a large-scale distributor to reach consumers across the U.K. over the next eight years, according to Data Bridge Market Research. at mainstream retail stores. The global psychedelic drugs market at large is projected to reach US$6.85
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.
This number also underscores the entire agency’s tireless efforts, particularly those of our hardworking staff, to thoughtfully regulate a safe, accessible, and effective adult-use marketplace that keeps critical tenets of our mission – public health, public safety, and equity, among others – front of mind.”.
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
One of the panelists is addressing the deficiencies in the supplychain and provides a “white label” facility for growing, developing new products, and analyzing technical data, among other services. O Canada. – Access to US capital markets is becoming increasingly difficult for the cannabis industry.
As a result of the acquisition, 365 Cannabis’ 85+ clients will gain access to Akerna’s Compliance Gateway, feature-rich reporting, MJ Retail POS, and the recently launched Akerna Connect. Conference ID: 13722555. An updated investor deck on the transaction will be made available at: ir.akerna.com. About Akerna.
This legislation provides important updates to our state’s medical [cannabis] program to ensure that patients have improved access to medication.”. They make a good point, considering the fact that the legislation invites hemp cultivators to participate in the state’s supplychain.
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.
Many legal cannabis suppliers and retailers are being forced to operate in a cash-intensive market due to federal laws that limit access to traditional banking. But there is a general lack of understanding for the new industry and limited data on performance that could be contributing factors. There could many reasons for this.
The Rules aim to promote social equity, safety and easy access to the cannabis marketplace while keeping local municipalities in control of how they want cannabis businesses to operate in their jurisdiction. The Rules specify different classes of licenses for each stage of the supplychain. License Application Type.
The state tracks the bar codes that are embedded in cannabis plants and products, following the crop throughout the commercial supplychain. Access to this database, Melekian said, will allow an auditing firm contracted by the county to check whether a grower’s self-reported tax revenues line up with the number of his plants.
Pennsylvania now has the ability to consider advisory board-based recommendations for regulations and further provide for electronic tracking for storage, transportation and laboratories, ensuring leaders across the Commonwealth are empowered with the most comprehensive and current information and data available.
Seamless data tracking helps operators optimize inventory control, accurately report sales data, and improve cultivation management. We are eager to work side-by-side with the Metrc team to establish a well-regulated supplychain to ensure the long-term safety and security of patients and providers.”.
Now, cannabis license holders across North America have an opportunity to unlock data for licensees in their state or region at no cost. For active cannabis license holders, unlocking your regional Cannabiz Media License Database access is very easy: Fill out the form to claim your license listing. and Canada.
Improved supplychain execution and quality enhancements are leading to commercial success. ” “We made tremendous progress improving our supplychain and right-sizing our manufacturing footprint, bringing supply and demand into balance,” added Mike Lee , CFO. opportunities in Fiscal 2022.”
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
Because many of these patients are among our more vulnerable populations, it is essential that they maintain uninterrupted, regulated access to lab-tested products during this time. Allow State-Legal Business Access To Banking Services. There are several million state-licensed medical cannabis patients in America.
The company’s intelligent UPC aims to reduce cost and increase transparency in all parts of the supplychain, from growers to brands to retailers to consumers. Cultivators and brands can use this barcode to upload and access test results and compliance certifications. Others use QR codes for inventory tracking.
Give 365 Cannabis’ 85+ customers, including Pharmacann, Nectar, Revolution, Sundial, and Kiaro, access to Akerna’s compliance gateway, feature-rich reporting, MJ Retail POS, and the recently launched Akerna Connect. There can be no assurance that the data contained herein is reflective of future performance to any degree.
While it’s true that this is still a new and rapidly growing industry, there is already significant competition among brands selling to cannabis license holders across the supplychain. However, getting access to cannabis license holder contact information and insights can be challenging. .
1 Unless otherwise indicated, market share data disclosed in this press release is calculated using the Company’s internal proprietary market share tool that utilizes point of sales datasupplied by a third-party data provider, government agencies and our own retail store operations across the country. Non-GAAP Measures.
Brown-Forman’s Global Sustainability Goals broaden the company’s focus beyond owned-business operations to include its supplychain, where the majority of the company’s environmental footprint resides, and are centered around four pillars: Climate Action : Reduce greenhouse gas emissions. Imprecision in supply/demand forecasting.
This alliance is just the first step in a larger movement to co-create a future where consumers have access to trusted cannabinoid products that fully deliver on their potential to help people live healthier, fuller lives.”. Step five: The OBX and Radicle Science validated product is sent to production. Headquartered in Roxboro, N.C.,
BRAMPTON, Ontario–(BUSINESS WIRE)–DATA Communications Management Corp. DCM will be using Microsoft Teams to broadcast the call, which will be accessible via the options below: Join on your computer or mobile app. About DATA Communications Management Corp. THIRD QUARTER HIGHLIGHTS. Eastern time. 46,483,868. . .
Data & Software. This ensures that at any moment data can be sourced from every legal cannabis plant that has been grown and sold. Seed-to-sale data is powerful in that it allows companies to be mindful of product inventory and recall items when necessary. The final step in the supplychain is the sale.
2021 Outlook Adjusted for Amplified Inflation and SupplyChain Challenges. Our team executed well and delivered solid results despite significant acceleration of inflation and supplychain disruption that exceeded our expectations going into the quarter,” President and Chief Executive Officer Bill Bosway stated. “We
The Cannabis Enigma is a co-production of The Cannigma and Americans for Safe Access. So to Michael’s point, I think we do need to prioritize what information we would ideally like consumers to have access to. That is a whole other topic of conversation, whereby the two alternative supplychains seem to be emerging.
Taking a look at data in Cannabiz Media’s Cannabiz Intelligence, cannabis franchises with active and pending licenses are spread across the U.S. For franchisors, it’s a solution to accessing the capital and labor needed to expand. Washington : 1. Why Franchising is Growing in the Cannabis Industry. The challenge for U.S.
The Department took steps this year to deliver on the promise of consolidation, establishing regulatory reforms that streamline requirements for cannabis licensees, unifying department operations to more efficiently support the entire supplychain, centralizing complaint reporting, and enhancing access to public resources and information.
ADCL will serve as prime contractor with subcontractor CLEARED4’s health verification platform to be used for appointments, sample tracking, reporting, program management, and mobile access pass visibility. The LinearDNA platform also has non-biologic applications, such as supplychain security, anti-counterfeiting and anti-theft technology.
ADCL’s solution includes the use of subcontractor CLEARED4’s health verification platform for appointments, sample tracking, and value-add services of campus access management. The LinearDNA platform also has non-biologic applications, such as supplychain security, anti-counterfeiting and anti-theft technology.
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