ACCCE Mini-Series: Using Track and Trace Data to Identify Unusual Activity Episode 3

By Sarah

Relationships are the key to bridging the services gap for commercial cannabis businesses, and the basis of a good relationship is understanding the other side. Jontae James, CEO of NatureTrak, will provide a view for both the cannabis business and the ancillary cannabis business on how to accomplish the transparency necessary for both sides to prosper with risk-based due diligence. Jontae focuses on using the track and trace system and providing formal policies and procedures to support unusual activity analysis. Jontae will cover how to identify unusual activity indicators, complete a thorough analysis, and implement mitigation strategies.

Many ancillary cannabis businesses are required through Anti-Money Laundering (AML) laws to reasonably understand the operations of the commercial cannabis businesses they work with. As an emerging industry, commercial cannabis operations are not well documented for third parties. This lack of publicly available information puts ancillary cannabis businesses at a disadvantage when explaining their business actions to their regulators. Jontae explains what information a commercial cannabis business could provide to help the vendor or ancillary cannabis business meet their regulatory expectations.