NCS Analytics and CRB Monitor Partner on Cannabis Compliance Data
NCS Analytics and CRB Monitor have formed a strategic partnership to connect cannabis licensing records with operational analytics, the companies announced in a press release.
The partnership will add CRB Monitor licensing, location, and entity data to NCS Analytics workflows for compliance and credit use cases. NCS said the data will be integrated into its analytics engine to help assess business activity, performance, and risk.
The companies said the combined data is intended for financial institutions that work with licensed cannabis businesses. Use cases include due diligence, lending and underwriting, portfolio management, regulatory oversight, compliance, and risk management.
CRB Monitor provides information on who a cannabis business is, what it is licensed to do, and where it operates. NCS Analytics provides predictive and behavioral analytics on how those businesses are operating.
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