DENVER — Data-driven compliance solutions provider NCS Analytics launched Risk Index, a tool designed to simplify cannabis regulatory oversight. By distilling complex seed-to-sale data into a single risk score, the Risk Index empowers cannabis regulators to prioritize enforcement efforts, enhance public safety, and ensure market integrity.
“Cannabis legalization demands robust oversight to maintain a safe, compliant market,” said Adam Crabtree, CEO and founder of NCS Analytics. “The Risk Index transforms overwhelming data into actionable insights, allowing regulators to focus their limited resources on the most pressing threats to public health and safety.”
The Risk Index aggregates millions of data points from NCS Analytics’ predictive and behavioral analytics engine. Similar to a credit score, it assigns each cannabis licensee a score from 0 (minimal risk) to 100 (critical risk), reflecting the severity of potential licensee violations. The tool’s sophisticated backend identifies both aggravating and mitigating factors, while its user-friendly interface, developed in collaboration with the Wharton School Choice Architecture Lab, enables regulators to pinpoint high-risk operators quickly.
Nearly every state and national cannabis program requires cannabis operators to track their products from seed to sale in a centralized database. However, this requirement creates a mountain of data that is overwhelming for government regulators to utilize efficiently. The NCS Platform processes millions of data points, creating alerts for anomalies such as harvests with below-average yields or unusual growth times. The Risk Index simplifies this process by presenting a clear, prioritized view of licensees most likely to require investigation.
“Our mission is to empower regulators with tools that cut through the complexity of cannabis regulation,” added Crabtree. “The Risk Index is a significant step forward in leveraging data to uphold the integrity of regulated cannabis markets.”
About NCS Analytics
By aggregating diverse data streams, NCS provides governments and financial institutions with actionable intelligence to monitor and regulate high-risk industries to prevent fraud and reduce risk exposure. Currently, NCS actively monitors nearly 20,000 cannabis licenses across the country for their regulatory partners, including Delaware, Oklahoma, Michigan, Vermont, West Virginia, and the California Cannabis Authority.
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