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Cannacurio Podcast Episode 11 with Michael Crane of DataOwl

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In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss hemp grower, processor, and manufacturing licenses in Connecticut, Michigan, Missouri, and more. We also speak with Michael Crane, National Sales Executive at DataOwl, which is a software company offering point-of-sale enhancement, CRM, and business operating solutions for the cannabis industry.

Press the Play button below to listen to the podcast.


Follow the Link to Listen to Previous Episodes of the Cannacurio Podcast.


Cannacurio Podcast Episode 11 Transcript

Amanda Guerrero: Welcome to the Cannacurio Podcast powered by Cannabiz Media, your source for cannabis and hemp license news. We’re your hosts, Amanda Guerrero and Ed Keating. On today’s show, we’re joined by Michael Crane of DataOwl. But as always, before we jump in with Michael, let’s see what news Ed has for us from the date of vault. Ed.

Ed Keating: Thanks, Amanda. So the team’s been working on a lot of information on the hemp side. So we just updated Michigan hemp, and I’ve noticed, in looking over the data, that many of the license holders appear to have received both grower and processor licenses.

Amanda Guerrero: So for our audience here, Ed, what’s the difference between a grower’s license and a processor license?

Ed Keating: Yeah, on the grow side, it’s really about cultivation for the most part. The processor side encompasses a lot of activity. So in looking through the rules and regulations in this state, you need one of those licenses if you want to process, like convert raw industrial hemp into a marketable form, handle it, which means store it or hold onto it, broker it, or finally, to market it. So that second license actually carries a lot of other activities with it.

In addition, I’m working on Connecticut hemp, and I’ve also noticed that there are some who are trying to have both the processing and the growing. So the thing that I’m trying to get a handle on is are license holders trying to own more of the value chain so that they can solve what seems to be a capacity problem in some states where people grow all the hemp and then they’re stuck with it because they didn’t figure out a way to actually get it processed and then finally to market?

So those will be a couple of things we’ll be keeping an eye on as we get more hemp licenses and updates coming into the data vault. In addition to Michigan and Connecticut, one other state we’re keeping an eye on is Missouri. We just found out through our newsfeed that the Missouri Department of Health and Senior Services just settled to medical marijuana facility appeals.

Amanda Guerrero: And why is that important?

Ed Keating: Well, they just rolled out all their licenses over the last, let’s say 60, 90 days, they all were awarded. And to me, it seems that’s a pretty fast turnaround for the state or the regulator to fix things.

What they pointed out in their press release is that this was not a scoring issue. It wasn’t where somebody is saying that they were scored incorrectly. There were really administrative issues and they look to be resolving it by moving some of the licenses around saying, “Hey, you need to open here, not here,” or, “You need to give that one up, but we’ll give you something else elsewhere.” So just pretty interesting that they’ve been able to navigate that so quickly compared to other things that we’ve seen.

Amanda Guerrero: Understood. And why do you think they’ve been able to move so quickly, Ed?

Ed Keating: It’s a good question. In looking back at Missouri, a state that we tracked for a while because they started their program and communicating about it pretty early and really throughout 2019, they gave a lot of great information about what their schedule was, what their timeline was, who the applicants were, and then finally, who the license winners were.

So in part of it may just be, they run a really good program and they have a good relationship with the license holders and maybe even the applicants too so that they’ve been able to get some smooth sailing. So that’s just a bit of pontificating on my part as to why it might have gone smoothly and we’ll certainly be keeping an eye on it going forward.

But in other states, when they run into issues like this, often around scoring, I will say, but they tend to drag on, involve lawyers, judges, lawsuits, the whole Magilla and that creates a lot more strife. And in some cases it can even damage the program where people lose faith in it. And I think what Missouri has done has been very good.

Amanda Guerrero: Thanks for the update, Ed.

Ed Keating: Absolutely.

Amanda Guerrero: On today’s show, we’ll be joined by Michael Crane, the National Sales Executive at DataOwl, Stay tuned.

Welcome back everyone. Today, I’m joined by Michael Crane. He’s currently the National Sales Executive at DataOwl and is one of Cannabiz Media’s power users. Welcome to the show, Michael.

Michael Crane: Thank you for having me.

Amanda Guerrero: Oh, it’s our pleasure. We’re so excited to have you on the show and to be able to connect during quarantine. But so for our audience here, let’s give them some background. How long have you been in the industry?

Michael Crane: Actually, I started working in the cannabis industry in early 2017 where I handled marketing and retail sales operations for a two store dispensary group here in Phoenix called Oasis Dispensaries. I helped with the opening of one of their stores, which was a completely new build from the ground up. So let’s just say I gained a lot of knowledge on the startup side of a retail dispensary.

From there, I came to DataOwl last year after becoming a, I already became a current client during my time in Oasis, and we use DataOwl heavily to streamline processes, automate sales and marketing functions, but most importantly, curate our customer experience.

I’d say all of this has given me a unique ability to talk with prospects and have full understanding of their pain points as I was in their shoes as an operator firsthand.

Amanda Guerrero: Wow. Yeah, it definitely sounds like you’ve had some great hands on experience, and I guess this is prompting me to ask, what were you doing before the cannabis industry?

Michael Crane: Well, prior to cannabis I actually was in solar sales. Spent about four there where I went from actually closing solar installs to building and running a sales compliance team for their inside sales department. I’d say this is where I refined my sales experience and tools needed to go along with that experience as an operator.

I’d say it really prepared me to be dynamic because at that time, solar was the fastest growing market in the world. Changes came regularly, much of like what we’re dealing with cannabis today.

Amanda Guerrero: Yeah. Sounds like startups are in your previous background and you understand what you need to do to in order to work within the cannabis space.

Michael Crane: For sure, for sure. It’s all about remaining dynamic.

Ed Keating: Excellent, excellent. Well, pivoting from you, Michael, I was hoping you could tell us and our audience a little bit more about DataOwl. What makes you unique in the marketplace?

Michael Crane: Just to give you a little background about DataOwl, again, I was a prior user of the tool, so I really understood the value to my operation. It really helps streamline internal processes, increase revenue, and really they were a part of our team’s support system.

So here at DataOwl, we achieve all that by offering a full suite of tools to support the marketing and revenue generating needs of a dispensary. Our tools are all designed to work seamlessly together, so e-commerce, loyalty, messaging, TV menus, all drive the customers to be aware of the products, deals, or even benefits of our clients.

What truly sets us apart though, is the depth of our dynamic consumer profiling tools and our ability to offer highly personalized offers and recommendations to each customer or patient of the dispensary.

Ed Keating: Got it, got it. So one of the things in reviewing DataOwl’s information is I notice that one of the features that you add is helping your customers be able to manage both the online and in store shopping experience of their customers. I was wondering if you could tell us more about that because that’s kind of the Holy Grail in all of retail, whether it be cannabis, clothing, athletic material, et cetera. So how do you guys do it and how do you succeed at that?

Michael Crane: We succeed in that with basically integrating directly to the point of system, point of sale system, to provide live inventory. So we can publish those feeds, everything that’s in stock is on the digital menus, Leafly listings, online orderings. We’re taking that retail experience, what a normal budtender would tell you – do they have it or not – to it being live on the internet. So somebody at home could order it and know that it is in stock.

Ed Keating: Oh, that’s great. Well, I can imagine that for everybody streamlining that workflow for the license holder is probably a real big benefit and also to help drive that store traffic.

Now, one of the other questions I had for you from the regulatory standpoint is there’ve been a couple of stories in the news where license holders like Trulieve and others have gotten in some trouble because people complained of getting texts or unsolicited telephone calls. And I wondered as a solution in this space, how do you help license holders stay compliant so that they don’t wind up on the wrong side of a lawsuit?

Michael Crane: Absolutely. This is definitely a concern for our entire industry across the nation. So simply put, we built an entire compliance standard around keeping our clients and dispensaries compliant nationally by basically doing a full opt in process.

Nobody is in our system to receive messages unless they’ve opted in or asked for these communications. And we provide numerous different tools for our clients so that they can capture customers looking for information. So whether it be through signup pages, text message keywords, forms for their website, at some point, that individual placed their phone number on that list and that’s how it gets in the system.

Even brand new numbers placed within it have a double opt in process, so a message goes out stating that they’re a part of the list. They have to respond yes to confirm. Keeps everybody compliant, so they don’t have to worry about this issue.

Ed Keating: Great. And it probably gives a good audit trail in case anybody does have a question to find out, “Hey, when did Ed Keating enter our system?” And it can easily dial in to check that out. So let’s look a little bit forward. Any new product launches, markets, or initiatives that you guys are focusing on right now?

Michael Crane: Absolutely. Obviously with COVID-19, it put a lot of our industry on scramble mode, trying to get things up and running, keeping dispensaries open as we were deemed essential. So we actually have three major releases that we have dropped or are dropping this month.

One that’s out now is our remote online check-in, which enables dispensaries to execute that curbside pickup. So customers can now check in remotely from their vehicles with a mobile enabled device, which we send via a text message notification when their order is ready for pickup.

The second piece that we have is our online ordering that we’ve already had released is now executable within three business days. We saw that during COVID-19, there was demand in several areas of the country. They had to convert to online ordering or even curbside pickup, or they wouldn’t be able to stay open as an essential business.

The last update that we have is, I’m very excited to have coming out, which is our integration with BioTrack and our online ordering. We’ve always shown live inventory, but now our online orders will actually route automatically into the point of sale system, helping the retail staff execute all those new online orders that they’re starting to see because of COVID-19. Previously, it was a separate dashboard that they logged in to be able to execute that it’s ready for pickup, things like that. Now, that’ll happen directly inside the point of sale system.

Ed Keating: Excellent. So thanks for the look forward, now, the look back, I’m curious what you would view as the biggest achievement in the last 12 months, either for you or for DataOwl.

Michael Crane: Honestly, being a part of the DataOwl team is a huge success of mine as well. But as far as DataOwl, biggest achievement I’d say in the past 12 months really comes with this COVID-19. I’m very happy to state that rolling out these new processes when our clients reach out to us expressing their need for changes, we were able to roll out remote check-in in a matter of a week. We were able to get things mobilized with BioTrack in a matter of a month. We were able to get our online ordering down to three business days after a week of review on our SLAs. So I would say that our biggest achievement has been overcoming COVID-19 to be able to streamline our internal processes.

Ed Keating: Wow, that’s great. It really speaks of how you’re a trusted partner to the license holders that you work with, whether it be on helping people opt in or making sure that their businesses can run during these crazy times where not all of them are essential businesses, but they’re trying to stay open and do the best they can.

Amanda Guerrero: So tell us, Michael, what are some of the ways that you and your team utilize Cannabiz Media?

Michael Crane: We definitely utilize Cannabiz Media heavily here at DataOwl. It’s our go-to source for notifications on any new licensing. But in addition to that, we like to dig into the deeper layers that Cannabiz Media provides, which is the licensing types, because we aren’t just a solution for the retail dispensary, but there’s many different license types out there that we can provide our solutions to.

Whether you’re retail recreational, or your retail medical, or you’re a dual license situation in the same building or separate buildings, those license types, even if delivery, cultivation, we can customize our solutions to cater to what their business is and the things that they need.

So we utilize Cannabiz Media to understand and have insight to who’s vertically integrated, who’s not, but in addition to that, who the best lead contacts are, who actually runs those licenses, et cetera, so we can reach out and get valuable information.

Amanda Guerrero: Wonderful. And how does this compare to other sales tools that you’ve used before?

Michael Crane: I would say the biggest comparison is that this sales tool is definitely in the culture and industry where most of the time sales tools or lead tools are literally just leads or lists. It’s very dynamic, and you can tell that everybody who’s participated in this, participates in the cannabis industry as a whole, and you can clearly see that.

Amanda Guerrero: Yeah, I also agre. When I worked, when I previously worked with a different company, I utilized Cannabiz Media as a way to generate leads myself, and I also agree. That was one of the biggest value adds was that it really allowed us not only to connect with the license holders directly, but it also allowed us to get a better understanding of email marketing analytics in terms of best times to send for certain markets, and it wasn’t just a generalized kind of a number, it was actually focused and specific to what Cannabiz Media, or to the cannabis community. So I wholeheartedly agree with you there.

Now, are there any tips or tricks that you would like to share with our audience about some of the ways you utilize the platform?

Michael Crane: The only tips and tricks I would give is really just plan your strategy on making solid contact because these leads are very good contacts. They are within the company. So it’s all about doing a value add, not just selling to sell, but actually making communication that gives value to the operators. That would be my tips and tricks.

Amanda Guerrero: I love it, yeah. Communication consistency is important when you are messaging to these license holders. So making sure that your messages are succinct and that they are effective and relevant to your audiences is very important.

But thank you so much for joining us on today’s show Michael. It’s been a true pleasure getting to learn more about yourself and about the DataOwl team, and we look forward to hopefully seeing you sometime after quarantine.

Michael Crane: Absolutely, I look forward to it.

Amanda Guerrero: Yes, thank you. So, Ed, what do we have to look forward to in the upcoming weeks from the data vaults?

Ed Keating: So next week, we’re looking ahead to the upcoming Cannacurio blog, and I’m going to focus on manufacturing licenses, looking back over the first quarter, where were they issued, et cetera. And the first quick look appears that it’s the same story we’ve seen in other license types where Oklahoma and California are leading the pack by far.

Looks to be about 180 manufacturing licenses were issued over the quarter – 96 of them came from Oklahoma and I think about 50 or 60 from California. So we’re still seeing that pattern where these are the hotspots, but I’ll have to dig in to find out how Michigan has done, because we’ve noted that in Q1, they’ve issued a fair number of dispensary and cultivation licenses. So we think that that’s going to continue to be one of those up and coming markets that people keep an eye on. So we’ll be keeping an eye on it as well, too.

Amanda Guerrero: Awesome. Well, I always look forward to the Cannacurio blog posts that come out every Monday. So definitely stay tuned for that, as well as we’ve got a few more Cannacurio podcasts coming out in the next few weeks, so make sure to click subscribe on Spotify, Apple Music, iHeartRadio, so that you can get to tune in and learn more about the updates from the data vault. Thanks everyone for joining us today.

Ed Keating is a co-founder and Chief Data Officer of Cannabiz Media and oversees our data research and government relations efforts. He has spent his whole career working with and advising information companies in the compliance space. Ed has overseen complex multijurisdictional product lines in the securities, corporate, UCC, safety, environmental and human resource markets and focuses on workflow products over the last twenty five years.  During that time he has worked for both startup and established information companies where he has led marketing, product management and sales organizations.  These companies include Wolters Kluwer/Commerce Clearing House, CT Corporation, EDGAR Online and Business & Legal Reports. At Cannabiz Media Ed enjoys the challenge of working with regulators across the globe as he and his team gather corporate, financial, and license information to track the people, products and businesses in the cannabis economy. Ed graduated from Hamilton College and received his MBA from the Kellogg School at Northwestern University.

Source: https://cannabiz.media/cannacurio-podcast-episode-11-with-michael-crane-of-dataowl/

Cannabis

Irish start-up raises funds to get farmers to grow hemp using drones

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An Irish start-up has just raised $5.3 million (€4.5 million) in financing to provide loans to farmers in Ireland and across the world to encourage them to grow hemp for use in cannabidiol (CBD) products.

Co Meath-based Greenheart CBD, which was founded by Paul Walsh and Mark Canavan two years ago, uses drones and artificial intelligence to help maximise crop cultivation by continually monitoring plant health.

The company, which previously secured a government licence to grow hemp with farmers in Co Wicklow, has developed a number of organic CBD products for consumers that have full traceability “from seed to shelf”.

CBD is the lesser-known compound found in the cannabis sativa plant; its more famous sibling, tetrahydrocannabinol, or THC, is the active ingredient in marijuana.

Having recently signed a major distribution contract with Uniphar to distribute its products, the company is now looking to expand its supply chain. It has managed to grow, in retail terms, $12 million worth of crop so far from 10 acres in Ireland but now wants to secure more hemp, particularly from the developing world.

Cannabis association

Despite the growing popularity of CBD products, many farmers find it difficult to obtain financing from banks for hemp production due to its connection with cannabis. Greenheart is therefore stepping in to lend directly to them via smart contracts, which are built on blockchain technology.

Farmers essentially sign up for a package that allows them to start growing hemp immediately. As well as seeds, they get a drone and other smart technology that allows them to produce the purest crop at a decent yield. Greenheart then buys the crop from them.

The drones are used to continually monitor the health of the crop, and they have retractable arms that can remove weeds, pick buds and so on.

“There hasn’t really been an upgrade in terms of technology in agriculture since the introduction of the tractor but I believe that drone technology could change everything,” said Mr Walsh.

A typical loan to a farmer using the company’s lending model could be anywhere between $500 to $50,000 over five years, with interest at 5 per cent. Greenheart estimates that a farmer in the developing world might typically realise $1,500 per annum from existing cash crops but that they could get $2,500 per crop cycle from an acre of CBD cultivation.

Full traceability

According to Mr Walsh, its model could transform the livelihoods of farmers while also giving the company access to the highest-quality hemp, while consumers get full traceability of products that aren’t harmful to the environment.

“Greenheart CBD has committed itself to making a difference in today’s world with a unique and original approach to helping smallholders climb from the poverty trap,” said Liam Robertson, chief executive of Alphabit Fund, which has led the $5.3 million fundraiser.

The company is shortly to publicly launch the Greenheart Punt, a digital token that can be bought and sold. The €5.3 million raised has come from investors buying some of these tokens with others to be made available more widely shortly. One punt is equivalent to $0.10 with 150 million tokens minted in total.

Those who have tokens will be able to use them to access Greenheart products at a significant discount. Money raised via the punt will also help the company finance the purchasing of new land for CBD production, and go towards building a decortication plant to enable an expansion into other product lines, including insulation materials and bio-plastics.

Greenheart is already in profit and has secured over 2,500 customers since it launched in January 2020.

Source : https://www.irishtimes.com/business/agribusiness-and-food/irish-start-up-raises-funds-to-get-farmers-to-grow-hemp-using-drones-1.4534453

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4 Tips to Market Your Marijuana Dispensary

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Even Marijuana Needs Marketing

Marijuana has become a household name. It has already turned that page of history when speaking about weed or smoking it was considered illegal and was punishable. Nowadays, people have a more accepting attitude to the preferences of others and many of them advocate for diversity of opinions and choices. Marijuana, cannabis, and weed, in general, have always been the subject of hot debates, but one thing is clear. People need them for various reasons. Some use marijuana to get that feeling of satisfaction, to feel happy, while others opt for it for recreational purposes. This means that the owners of marijuana dispensaries and shops already have a long-developed customer base. The only thing remaining is to target them carefully and market your product correctly to win their loyalty and trust.

Tip #1. Personal Values

Surprisingly, personal values play a significant role in choosing marijuana over other types of relaxing and recreational activities. Studies have shown that young adults, especially, highly value their health and well-being. However, as this period is probably the most stressful among the others in the human lifespan, young adults very often need something to unwind and have some rest. For these purposes, they can choose weed. Research has shown that young adults consider marijuana healthier than alcohol, and it has become an essential part of their emotional wellness.

Tip #2. Teach New Ways

This can be very applicable to adults and baby boomers. Thinking that marijuana can be interested only to youngsters is the very right step to cutting down a large part of your potential buyers. It turns out that baby boomers have been also interested in marijuana for years; however, they refrained from using it due to societal constraints. As a result, the boomers might not be very well aware of the new and healthier ways to consume marijuana. The best approach here is to advertise and educate boomers on the health benefits of it. On the other hand, it would be great to train your staff to be welcoming to boomers. The latter usually seek information and are very keen on learning and trying something new.

Tip #3. Use Personas in Your Marketing

Personas are a very powerful tool when it comes to marketing. When you do market research, you will see that certain population groups are especially interested in your product. Those groups can be broken down into subgroups based on their gender, occupation, location, etc. For each of them, you can create a persona – a representative figure which accumulates the interests and the motives of these groups in one person. You can name her or him the way you want; the important thing here is that you can consider that persona’s internal frame of reference every time you present a new product. You can use him or her to find out whether that new offer will work for that particular group or not. Based on various reasons, like the frequency of their purchases or benefits they want to get, you can come up with something even better.

Tip #4. Use customized items.

Using custom-printed items would do a great favor to any marijuana dispensary. It is something that helps stand out and promote your business without putting much time and effort into creating something new. Ganjaprint, an all-inclusive store of custom-branded promotions for dispensaries and smoke shops provides a big variety of lighters, bags, matches, grinders, jars and rolling papers, and much more. The best thing about Ganjaprint is that the dispensary-owner can order its logo to be printed on any product, which will make it more recognizable and would differentiate it among the others. For example, Ganjaprint has already come up with designs for refillable custom clipper lighters with a 72-hour rush print offered. Using their website, you can order these lighters or any item that you want choosing the colors and the location.

Marijuana’s Four

By carefully using the tips above any shop owner can make sure that he/she targets the right audience and communicates the products in the right way. On one hand, knowing your customers and speaking in their language would serve the need to win their hearts. On the other hand, applying for the services of Ganjaprint and ordering your unique items will help your product be in use longer than any alternative to it.

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Cannabis

4 Tips to Market Your Marijuana Dispensary

Avatar

Published

on

Even Marijuana Needs Marketing

Marijuana has become a household name. It has already turned that page of history when speaking about weed or smoking it was considered illegal and was punishable. Nowadays, people have a more accepting attitude to the preferences of others and many of them advocate for diversity of opinions and choices. Marijuana, cannabis, and weed, in general, have always been the subject of hot debates, but one thing is clear. People need them for various reasons. Some use marijuana to get that feeling of satisfaction, to feel happy, while others opt for it for recreational purposes. This means that the owners of marijuana dispensaries and shops already have a long-developed customer base. The only thing remaining is to target them carefully and market your product correctly to win their loyalty and trust.

Tip #1. Personal Values

Surprisingly, personal values play a significant role in choosing marijuana over other types of relaxing and recreational activities. Studies have shown that young adults, especially, highly value their health and well-being. However, as this period is probably the most stressful among the others in the human lifespan, young adults very often need something to unwind and have some rest. For these purposes, they can choose weed. Research has shown that young adults consider marijuana healthier than alcohol, and it has become an essential part of their emotional wellness.

Tip #2. Teach New Ways

This can be very applicable to adults and baby boomers. Thinking that marijuana can be interested only to youngsters is the very right step to cutting down a large part of your potential buyers. It turns out that baby boomers have been also interested in marijuana for years; however, they refrained from using it due to societal constraints. As a result, the boomers might not be very well aware of the new and healthier ways to consume marijuana. The best approach here is to advertise and educate boomers on the health benefits of it. On the other hand, it would be great to train your staff to be welcoming to boomers. The latter usually seek information and are very keen on learning and trying something new.

Tip #3. Use Personas in Your Marketing

Personas are a very powerful tool when it comes to marketing. When you do market research, you will see that certain population groups are especially interested in your product. Those groups can be broken down into subgroups based on their gender, occupation, location, etc. For each of them, you can create a persona – a representative figure which accumulates the interests and the motives of these groups in one person. You can name her or him the way you want; the important thing here is that you can consider that persona’s internal frame of reference every time you present a new product. You can use him or her to find out whether that new offer will work for that particular group or not. Based on various reasons, like the frequency of their purchases or benefits they want to get, you can come up with something even better.

Tip #4. Use customized items.

Using custom-printed items would do a great favor to any marijuana dispensary. It is something that helps stand out and promote your business without putting much time and effort into creating something new. Ganjaprint, an all-inclusive store of custom-branded promotions for dispensaries and smoke shops provides a big variety of lighters, bags, matches, grinders, jars and rolling papers, and much more. The best thing about Ganjaprint is that the dispensary-owner can order its logo to be printed on any product, which will make it more recognizable and would differentiate it among the others. For example, Ganjaprint has already come up with designs for refillable custom clipper lighters with a 72-hour rush print offered. Using their website, you can order these lighters or any item that you want choosing the colors and the location.

Marijuana’s Four

By carefully using the tips above any shop owner can make sure that he/she targets the right audience and communicates the products in the right way. On one hand, knowing your customers and speaking in their language would serve the need to win their hearts. On the other hand, applying for the services of Ganjaprint and ordering your unique items will help your product be in use longer than any alternative to it.

source link:platodata

 

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Cannabiz Media Client Spotlight – Shield Compliance | Cannabiz Media

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Be the first to know when new content like this is available!

Subscribe to our newsletter to get alerts about new posts, local news, and industry insights.

Shield Compliance is a comprehensive compliance management platform for banking cannabis-related businesses. The company’s focus is on transforming the way cannabis banks and legal marijuana financial institutions manage risk, comply with regulations, and satisfy operational demands across the United States.

Cannabiz Media recently spoke with Tony Repanich, President and Chief Operating Officer at Shield Compliance, to learn more about how he and his team use the Cannabiz Media License Database to support their business development, data intelligence, and license verification processes.

Why Does Shield Compliance Subscribe to the Cannabiz Media License Database?

Shield Compliance subscribes to the Cannabiz Media License Database for access to reliable industry intelligence and licensing data for the cannabis industry. “We rely on the Cannabiz Media License Database to bring information into our platform,” shares Tony Repanich. “It’s an important part of our license verification process and our licensed data set.”

Thanks to the reliable data in the Cannabiz Media platform, Tony and his team save a significant amount of the time and frustration previously required to find the data they need to do their jobs. 

Tony explains, “There are a lot of states that make it very difficult to get information about the licenses they’ve issued and the enforcement actions they’ve undertaken. Where we can get direct state integration to get data, we do that. However, where we need an additional uplift in terms of boots on the street or boots on the phone and keyboard to get the information from states that are more difficult to deal with, we rely on the Cannabiz Media License Database to bring that information into our platform.”

Bottom-line, Tony says, “The Cannabiz Media team has done a great job bringing together that information and having diligence around filling those gaps.”

What’s Next for Shield Compliance?

A big focus for Shield Compliance in the near future is its new onboarding solution. Tony explains, “We brought our new onboarding solution to market at the end of 2020, and it’s really helping our bankers streamline the onboarding process and creating a much better client experience. We’re really excited to get that in front of more bankers this year.”

With more states legalizing cannabis and launching new cannabis programs, Shield Compliance is focusing on future trends and the evolving industry. “We’re having a lot more conversations with bankers that we’ve never talked to in the past, like New York and New Jersey,” Tony shares. “We’re also having a lot more conversations with bankers about their willingness and ability to lend, which is great for the industry.”

For more information about Shield Compliance and to hear additional insights from Tony Repanich, follow the link and listen to Cannabiz Media’s recent Cannacurio podcast episode featuring Tony as the special guest.

To learn more about how subscribing to the Cannabiz Media License Database can help your business like it helps the team at Shield Compliance, follow the link and schedule a free demo.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cannabiz.media/blog/cannabiz-media-client-spotlight-shield-compliance

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