The CA Cannabis Authority announces weekly new updates of the cannabis market

The native hashish regulator now presents weekly monitor and hint knowledge updates on the hashish market dashboard

Sacramento, California.And January 18, 2023 /PRNewswire/ — The California Hashish Authority (CCA) right this moment introduced a public-facing dashboard for hashish monitoring and tracing knowledge, dubbed Transparency Venturewill now be up to date weekly – growing the extent of transparency of hashish gross sales, cultivation, and transactions in collaborating jurisdictions.

CCA logo

CCA emblem

The California Hashish Authority introduced right this moment that its Transparency Draft will probably be up to date weekly.

The Transparency Venture, run by CCA’s expertise associate NCS Analytics, offers one of the complete views California The authorized hashish market. It integrates monitoring and tracing knowledge from almost 3,000 licensed operators in collaborating CCA member jurisdictions. The dashboard offers knowledge on the variety of licenses issued, the quantity of gross sales, the variety of crops, the preferred classes of merchandise offered, and different market info – which is nameless to guard operators’ privateness.

“Constructing public belief is crucial to the group to efficiently implement the native hashish program,” he stated. Greg Turner, government director of the California Hashish Authority, an inter-local authorities authority with hashish applications. “We’re proud to make use of our Seed Monitoring and Traceability knowledge on the market by way of the Transparency Venture to assist construct confidence that regulators are offering the oversight they promise. With this newest replace, the general public can now view a abstract of all hashish exercise in a jurisdiction on a weekly foundation, a degree that’s unparalleled. of transparency.”

State legislation requires hashish corporations to enter all transactions from seed to closing sale into the state’s monitor and hint system. CCA member jurisdictions collaborating within the Transparency Venture are solely monitor to venue and monitoring knowledge can at the moment be seen by the general public.

NCS Information Analytics offers native authorities members of the CCA with knowledge analytics companies, permitting regulators to parse the mountain of monitor and hint knowledge reported every week into actionable alerts and tags. This enables CCA members to prioritize enforcement, audit, goal compliance, and income forecasts based mostly on developments detected in operator monitor and hint knowledge—saving native regulators time and bettering oversight effectiveness.

Adam CrabtreeCEO of NCS Analytics, added: “By way of our work throughout United StateWe constantly see that knowledge is the core of accountable and efficient regulation and that transparency is the cornerstone of excellent governance. We’re proud to associate with native governments throughout California To make use of knowledge to enhance accountability and construct public belief.”

Together with its work with the CCA, the NCS actively displays almost 20,000 hashish licenses throughout the nation for its regulatory companions, together with VermontAnd OklahomaAnd West VirginiaAnd Michigan.

The California Hashish Authority (CCA) is a joint authority with a mission to supply its members with entry to a cutting-edge knowledge analytics platform that gives up-to-date, actionable intelligence and reporting on industrial hashish exercise of their jurisdictions. Entry to in any other case unobtainable knowledge offers regulators the flexibility to rapidly and effectively make selections and base them on actuality. The CCA additionally strengthens a group of native governments that work collaboratively to control and tax industrial hashish extra effectively and successfully. For extra info, please go to the web site cca.ca.gov.

Cision

Cision

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Supply: California Hemp Authority

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