reporting

U.S.: National Cannabis Industry Association, BDS Partner To Serve NCIA Members Industry Data

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NCIA members to receive free access to BDS Analytics' GreenEdge™ cannabis sales dataset

Members of the National Cannabis Industry Association will be getting a new benefit, thanks to a partnership with cannabis market intelligence firm BDS Analytics. Beginning next month, NCIA member-businesses will receive free interactive access to market and category-level sales data compiled and contextualized by BDS, an industry source of market data and business insight.

All NCIA members will have access to data and market intelligence reports through an interactive set of dashboards, spreadsheets, and detailed reporting powered by the GreenEdge™ sales tracking software developed by BDS. Reports will cover crucial insights such as market size and growth, dollar and unit volume, retail price trends, and shifts in category mix.

Sponsoring and Sustaining NCIA members will gain access to even deeper levels of insight and reporting, including monthly executive reports, additional dashboards and reports, and personalized access to BDS Analysts.

According to NCIA, members will be able to make informed strategic decisions and answer critical business questions like:

• What proportion of industry sales come from flower vs. extractions vs. infused products?
• How big is the infused product market, and how fast is it growing?

Colorado: Adherence Colorado Enters Strategic Alliance With BioTrackTHC

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Adherence Colorado, a provider of compliance audits and inventory reconciliation for the cannabis industry, on Tuesday announced a strategic alliance with BioTrackTHC, a provider of seed-to-sale software solutions for medical and retail marijuana businesses.

The agreement allows BioTrackTHC to leverage Adherence Colorado's regulatory compliance and inventory management services to help solve issues for BioTrackTHC's rapidly growing number of clients in Colorado.

“We're very excited to be working with BioTrackTHC, and to be providing our auditing and inventory optimization services to help even more marijuana industry businesses in Colorado,” said Steve Owens, founder and CEO of Adherence Colorado. “Our agreement creates a one-stop shop for best-of-breed software, regulatory compliance audits, inventory process improvement and more.”

Adherence Colorado said it currently has more than 15 licensed and badged auditors and consultants who work on-site with licensees to correct issues related to compliance, inventory control and tracking. As part of the agreement, Adherence Colorado will provide BioTrackTHC's clients with reduced price compliance audits for $500 per license through March 31.

"We continue to create alliances with fellow industry leaders like Adherence Colorado to benefit our customers' operations," said Steven Siegel, CEO, BioTrackTHC.

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