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By Oliver Bennett, Special Contributor to New Frontier Data. Read full article at [link]. Once welcomed as a progressive venue forward for adult-use legalization, Barcelona’s cannabis clubs suddenly find themselves in legal limbo, and possible jeopardy of elimination. Even the City Hall doesn’t know exactly what is going to happen.
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?
The ERP operates as a system, collecting data in real time and connecting it all together for your. Since the ERP is equipped with all of the company’s information, the access to data is controlled. Since the ERP is equipped with all of the company’s information, the access to data is controlled. Access Control. accounting.
Cannabis companies need advice on intellectual property, employment, taxes, license and regulatory compliance, lending and financial transactions, mergers and acquisitions, and a host of other specialty practice areas. billion by 2025, cannabis market research company New Frontier Data said. Medical cannabis sales in the U.S.
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.
This provision is colloquially known as the “Drug Preclusion Provision.”. “…a product that contains an article that is an approved new drug or licensed biologic cannot be a dietary supplement unless the article was marketed as a dietary supplement or as a food before its approval as a new drug or licensing as a biologic.
In addition to the array of legal and regulatory concerns about the sale of Hemp CBD products in the EU noted in our above-linked post, the EU’s General Data Protection Regulation (“GDPR”) is something that almost any U.S.-based The GDPR is a groundbreaking EU privacy and data security regulation that went into effect on May 25, 2018.
The second announcement (see previous article for first announcement ) focused on the implementation of a paperless registration system for cannabis businesses. Historically, these processes have been paper-based, creating inefficiencies in data management and submission. What Does the Online Transition Mean for Cannabis Businesses?
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.
That’s what the data shows from around the country.’. Building on a prior study that analyzed YRBS data from 1993-2017, this updated effort offers an expanded view on the subject by adding in results from 2018 and 2019 as well. A slide from the Washington State Liquor and Cannabis Board’s compliance program. WSLCB, 2021).
Editor’s note: This article is a modified version of a comment to the USDA written by Marion Snyder, PhD , Chief Scientific Officer of Clearwater Biotech. In this article, Dr. Snyder distills her analysis of hemp testing during the 2018 and 2019 growing seasons. Click here for a discussion of Total THC. limit for ?9-THC
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.
Move as quickly as the cannabis industry, printing variable data on demand. The post Handheld inkjet printers keep cannabis companies compliant–and agile appeared first on Leafly.
WHILE Italy is both one of the earliest and largest medical cannabis markets in Europe, new data has revealed the ongoing inability of its system to ‘serve patients’ needs’. Read full article. The Italian Military’s Monopoly On Medical Cannabis Production Is Strangling Market Growth New Data Suggests. Undersupply.
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. This past May, the Commission launched the license application for Marijuana Delivery Operators.
David focuses on complex business and commercial litigation in state and federal courts involving data security and privacy, product liability and business disputes. The CCPA will require thousands of businesses, including cannabis businesses, to undertake significant compliance efforts or risk substantial penalties.
As such, compliance with the TCPA was already difficult for even the most established industries and companies. The companies maintain that messages were only sent to customers who have voluntarily signed up to receive messages at dispensaries and that those customers may opt-out at any time—in full compliance with the TCPA.
The Chief Operating Officer of BioTrackTHC, Moe Afaneh, gave a high-level overview of the company’s seed-to-sale software for state-level data collection. Any individual who will be inputting data into the track and trace system under either the medical or adult use program must be registered with OMP and will need to receive training.
But there is a general lack of understanding for the new industry and limited data on performance that could be contributing factors. Big data and analytics will play a critical role in helping to contain and manage the risks within the industry. There could many reasons for this. It starts with connecting the dots. Source: [link].
Ganjapreneur report… Sixteen months after legalization, just nine of California’s 627 retail cannabis dispensaries are actively using a seed-to-sale tracking system – along with only 93 of more than 1,000 manufacturers and 254 of the nearly 4,000 licensed cultivators, according to an Associated Press review of state data.
CannTrust recently received a compliance report from Health Canada notifying the Company that its greenhouse facility in Pelham, Ontario is not compliant with certain regulations. Eventually, CannTrust pledged to work with Health Canada in ensuring future compliance. They raise awareness about their run-in with Health Canada: .
billion industry in 2021, according to cannabis data analytics firm BDSA, with an additional $47.8 Also, understanding the regulatory and compliance framework in your cannabis clients’ states will go a long way toward mitigating your own risk, she said. The legal cannabis, or marijuana, marketplace represents a projected $21.7
We juxtaposed state license counts against the 320 companies that connect to METRC and Leaf Data Services in WA. Since compiling this data– we took an updated look and found 43 new companies are now part of the software stack. Applications may include ERP, seed-to-sale, compliance, and supply chain/logistics. Activity (79).
We previously discussed these letters in an earlier article.) To ensure compliance with these laws, each agency has its own enforcement measures with warning letters only the tip of the iceberg. the FDA Working Group has stated, however, there is insufficient data available surrounding the implications and effects of CBD.
As we mentioned in previous articles , Mexico’s legal system requires a law to be repealed if it is challenged and won five times in the Supreme Court. For instance, Aurora Cannabis acquired Uruguay’s ICC Labs in 2018, taking roughly 70% of the total marijuana market in Uruguay.
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. Back Office. Advisory (81).
Following this update, Supervisors will consider entering the California Cannabis Authority, which is a Joint Powers Authority that is developing a state-wide data platform that will gather, collect and analyze cannabis information. The organization also aims to assist local entities in cannabis regulatory compliance.
A new report from New Frontier Data delves into the average number of plants that are considered to be “hot” and what the industry could look like in the near future. New Frontier Data released new data on August 5 regarding crops and how many plants have gone “hot,” or exceeded the required limit of less than 0.3 Shutterstock.
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 . View original article. It will allow us to differentiate ourselves from the people that don’t.
During the first seven weeks of the law’s enactment (with data collected from July 1 to August 20), reports show that there were 20 arrests in Chesterfield, two in Henrico, zero in Hanover and three in Richmond for a total of 25 arrests. “We According to New Frontier Data , cannabis-related arrests have been decreasing steadily since 2017.
The public health minister said that as of May 2019, only six NHS prescriptions had been written since the changes to the Regulations came into effect and ten private prescriptions were written between January 2019 and February 2019 according to the NHS Business Services Authority, which collects data on primary care. Novel Foods Regulation.
Here’s how the 282 acres stacked up by license type: Figuring out cultivation size nationally is probably more art than science given the data gaps that exist. Or you can schedule a demo for more information on how to access the Cannabiz Media License Database yourself to dive further into this data. View original article.
All seed-to-sale tracking systems must be able to interface with the State’s track and trace system, provide the DHSS with access to all stored data, and assure confidentiality of patient information and records. A 2017 report by the Colorado Department of Revenue says that the average time from seed to harvest is 132 days.
As we covered in our article from early 2019 , Bonify’s most egregious offence was when it sourced and sold illegal cannabis into the open market. But Bonify proved that, while Health Canada does not hold back when it comes to non-compliance, it is possible to bounce back. WeedAdvisor’s Compliance Solutions. .
Measure 1, Security plan: The applicant shall provide an acceptable safety and security plan, including staffing and site plan, and a detailed description of proposed security and safety measures, which demonstrates compliance with the rules at N.J.A.C. Ability to provide appropriate research data. Criterion 2. Criterion 5.
Ed Keating is a co-founder of Cannabiz Media and oversees the company’s data research and government relations efforts. He has spent his career working with and advising information companies in the compliance space. Cannacurio is a weekly column from Cannabiz Media featuring insights from the most comprehensive license data platform.
A new article by Joe Mozingo of the Los Angeles Times delves deeper into Barry Brand’s marijuana operation and how it ties into botched legislation and approvals by County Supervisors. Brand Farms was expected to be the model for legal cannabis growing in Santa Barbara County until it was raided.
In terms of the gap between perception and reality, Kevin explains that the data his team can access in the Cannabiz Media License Database provides necessary context – particularly for financial institutions. I think hands down Cannabiz Media presents the data the best.”. View original article. Do your homework,” says Kevin.
Ed Keating, the chief data officer at Cannabiz Media, said the decline was not a surprise. Keating believes the contraction will continue as the state begins to roll out a seed-to-sale compliance program in April. This new compliance burden may make these licenses less attractive if they are not a thriving business,” Keating said.
The company’s facility in Pelham, Ontario was hit with a non-compliance rating by Health Canada following several violations, most notably unlicensed grow rooms. But now, Health Canada found more compliance issues, this time at the company’s second location. WeedAdvisor’s Emphasis on Compliance. . Violations. .
Ed Keating is a co-founder of Cannabiz Media and oversees the company’s data research and government relations efforts. He has spent his career working with and advising information companies in the compliance space. Cannacurio is a weekly column from Cannabiz Media featuring insights from the most comprehensive license data platform.
According to data shared with MJBiDaily , no cannabis-related penalties were assessed in 2018 – the year Canada legalized adult-use cannabis. The compliance report – the first to cover the early months of legalization in Canada – does not show any fines having been issued. “To View original article.
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