Posts Tagged ‘Study’

Cathy Jolley, METRC to discuss Brookings Institute Report and Colorado, A Case Study for Marijuana Industry Regulators, to be presented at ICA Conference, Oct. 11-12, NY










New York, New York (PRWEB) August 23, 2014

Colorado’s Regulatory Recipe for Retail Marijuana: First of Six Essential Ingredients

Part of the legislative mandate surrounding the implementation of Amendment 64, at the behest of the Implementation Task Force, was to use a state-of-the-art “inventory control and tracking” system. In response, the Colorado Department of Revenue promulgated Rule R 309, outlining the new system, formally called Marijuana Inventory Tracking Solution (MITS) and often referred to as the seed-to-sale tracking system.

MITS is a web-based system, developed by Franwell, Inc. (now named Metrc) that interfaces with a system of plant-based tags that rely on a radio frequency identification system. Every plant in the market must be individually tagged and tracked as it moves through the commercial growth and distribution chain.

“The system is widely considered one of the most advanced in the marijuana industry and is used to track product, limit diversion, improve regulatory compliance, and discourage improper market behavior.” Brookings Institute Report

“The MITS system helps the state in a multitude of ways. The system offers the state the ability to track product in ways that far surpass product tracking in most other commodity markets in the U.S.” Brookings Institute Report

“The MITS system also allows the state to collect and analyze data that help improve and streamline enforcement efforts and compliance investigations.” Brookings Institute Report

“In many ways, the MITS system is the backbone of Colorado’s regulatory structure governing legalized marijuana. If effective, it helps businesses and regulators guard against shady practices, while helping keep at bay a federal government that is closely watching enforcement and compliance.” Brookings Institute Report.

For more information on the seed to sale tracking system referenced in the Brookings Report –

http://www.brookings.edu/research/reports/2014/07/colorado-marijuana-legalization-succeeding

July 31, 2014

MITS(now named Metrc, Marijuana Enforcement Tracking Reporting and Compliance)

a Franwell business, please contact Cathy Jolley at cathy.jolley(at)franwell(dot)com (615.305.4721).











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Netflix to Offer A/B Testing Case Study at the Big Data & Analytics for Retail Summit












Chicago, IL (PRWEB) June 03, 2013

Big data has become essential for retailers, helping them sell more goods by analyzing their customer buying patterns. Enormous amounts of raw data comes in to retailers on a daily basis and it is critical for them to be able to extract the key insights from this massive amount of data and develop actionable plans. Attendees at the Big Data & Analytics for Retail Summit will gain unique insight into the innovations that are driving success from analytics executives and data scientists working in retail, eCommerce and consumer goods. The summit is being held at The Westin River North in Chicago, June 20-21.

Netflix, a keynote presenter at the Summit, has over 37 million subscribers worldwide, with 29 million in the U.S. alone. Millions of data points are collected daily and Netflix’s sophisticated data collection and analytic systems can determine not only which movies are watched, but also details about that watcher; including if they watched the movie to the very end and how many times they paused it. Netflix is using this insight to offer better customer service and to create original content based on the viewing habits of its members. Its key to big data success lies in the collection and analysis of the data. At the Summit, Byran Gumm, Manager, Experimentation Platform & Science at Netflix and Juilette Aurisset, Senior Data Scientist at Netflix, will review the challenges they’ve had in conducting and analyzing A/B tests, offer ideas on speeding up the experimentation cycle,and will walk through a Netflix-specific case study.

“Retailers see Big Data as a key competitive advantage that, if implemented correctly, can move more goods off the shelves ,” said Dave Barton, Analytics Division Lead at Innovation Enterprise. “The challenge is in the implementation; to take Big Data and turn it into actionable results. This conference is a prime opportunity for retailers to learn the best practices in the field today.”

Other presenters and topics at the summit include:


Sarang Kirpekar, DVP, Information Analytics Operations at Sears Holdings who will discuss creating an analytics product to deliver deeper insight.
Manu Sareen, VP, Pricing & Analytics at RadioShack who will share how to deliver a more robust pricing model using analytics.
Chris Taylor, Executive Coordinator, Global Data Team at Whole Foods Market who will explore successfully turning information into insights, especially in a decentralized, intuitive and highly innovative retail culture.
Tony Flanery-Rye, Director, Global Analytics at Expedia who will explain how Expedia identifies customer value online.

Produced by Innovation Enterprise the Big Data & Analytics for Retail Summit, with 20+ distinguished keynote presenters, offers a timely platform to exchange ideas and learn solutions to some of the most difficult issues surrounding Big Data today. For a complete list of speakers, agenda, and registration details for Big Data & Analytics for Retail Summit, go to http://theinnovationenterprise.com/summits/big-data-retail

About Innovation Enterprise

IE.- Innovation Enterprise, a CFO Publishing company is an independent business-to-business multi-channel media brand focused on the information needs of Senior Finance, Operations, Planning, Strategy, Decision Support & Advanced Analytics executives. Products include IE.Summits, IE.Finance, IE.Analytics, IE.Operations, IE.Strategy, IE.Membership and IE.Insights.

Whether it’s delivered online, or in person, everything IE produces reflects the company’s unshakeable belief in the power of information to spur innovation.























Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









Study Finds that Multi-State Catastrophic Risk Pools Deliver Significant Benefits in Major Tropical Events











Kinetic Analysis Corp.


SILVER SPRING, M.D. (PRWEB) March 07, 2013

In the wake of the multi-state destruction wrought by the one-two punch of Superstorm Sandy and the nor’easter that followed, a new study suggests that geographically diverse, multi-state catastrophic risk pools provide clear financial benefits without creating subsidies between low and high risk areas. Sponsored by Florida State University (FSU), the study was conducted utilizing the powerful, science-based risk modeling platform from Kinetic Analysis Corporation, a leader in multi-model impact forecasting and risk assessment for catastrophic events.

The study was conducted by Charles C. Watson, Jr., director of R&D at Kinetic Analysis and developer of the modeling system used in the study; Mark E. Johnson, professor of statistics with the University of Central Florida; and Randy E. Dumm. It sought to determine whether geographic diversification reduces the amount of reserve funds required to cover catastrophic losses. This was accomplished by analyzing performance of insurance portfolios drawn from various combinations of nine coastal states in the Southeastern U.S. based on tropical cyclone losses.

“Single state portfolios, on which the current property insurance system is based, are far from optimal. They are large enough to encompass the risk from single events, but not large enough to diversify that risk sufficiently to take advantage of different climate zones or areas not hit by a single major storm.” said Watson.

Added Johnson: “Creating portfolios covering diverse climate zones, such as combining properties from both the Gulf of Mexico and Atlantic Coasts, is highly advantageous over portfolios in a single region. Covering all exposures in the entire study area, Texas to Virginia, was the most efficient and sustainable grouping examined.”

In addition, the study found that a system covering all storm hazards (wind, wave, flooding) would be more efficient and much easier for consumers to navigate than the current system where private insurance covers wind damage, but flood damage is covered through a separate government backed insurance through FEMA, each with different rules and deductibles.

The study’s findings are particularly relevant in the wake of Sandy, which pelted coastal and inland regions with high winds, driving rains, heavy snow and flooding along the Eastern Seaboard. Kinetic Analysis projects that that storm’s direct impacts could run as high as $ 25 billion, excluding the New York City underground infrastructure.

Sandy has renewed calls for a federal catastrophe plan that creates risk pools across larger geographic areas – along with objections that doing so will force low-risk areas to subsidize high-risk states. However, the study found the opposite to be true. As geographic diversity increased, funding levels for sustainable catastrophic risk pools decreased relative to premiums, actually resulting in savings for both low and high risk areas.

“If subsidies are created in this setting, it is due to incorrect risk pricing rather than the risk itself,” said FSU’s Dr. Randy Dumm. “Our analysis found that each state derives benefits from geographic diversification regardless of risk ranking. In fact, failure to diversify catastrophic wind risk may impose its own set of costs in the form of lost diversification benefits that exist precisely where they are needed, for less frequent and more severe catastrophic events.”

Specifically for the portfolios analyzed, reserves totaling just over $ 130 billion would be required for each of the nine states to individually cover 100-year losses. However, for a portfolio covering the entire region, required reserves total just $ 71.1 billion. The difference is due to the extreme unlikelihood that all states would suffer a 100-year event in any given year.

Utilizing Kinetic Analysis’ robust modeling platform, numerical calculations for the risk diversification study were generated by:

1.    Simulating all Atlantic storms (1871-2011), with a complex high resolution storm hazard model consisting of wind, wave, storm surge, and rain components

2.    Determining damage to the target portfolio using a composite damage function derived from six different public domain damage function families

3.    Analyzing the output statistically and conducting a financial analysis on various portfolios and policy provisions

“This study is a significant addition to the body of scientific knowledge upon which critical decisions governing risk pooling and geographic diversity of insurance portfolios are made,” said Steven Stichter, CEO, Kinetic Analysis. “As a company, we are particularly gratified to see our modeling tools successfully utilized in a meaningful way that addresses real-world issues confronting federal and state governments in protecting their populations and infrastructures.”

About Kinetic Analysis Corporation

Kinetic Analysis Corporation is a leader in multi-model impact forecasting and risk assessment for catastrophic events. Based on a pioneering approach that uses the best techniques from scientific literature and current event information, Kinetic Analysis produces detailed, site-specific hazard and impact information for active events to support real-time decisions. It employs the same, globally consistent multi-model platform to produce high-resolution hazard and loss assessments for improved long-term risk management.























Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









Entrepreneur Advice Organization Announces New Free Gift Offer After Fed Study Shows Damaged Job Market is Reversible













Houston, TX. (PRWEB) September 01, 2012

A division of the Entrepreneurs’ Advice Bureau, at http://businessandentrepreneurs.com/ has announced a new free offer for business owners after federal reports showed that the damage to the current job market can be reversed. After the study was released, and depicted an optimistic future for the job market, the advice company announced their new offer aimed at helping business owners take advantage of the current upswing in the market and to take their company to the next level. The company has announced to new free offer, which includes professional insight on growing small businesses for entrepreneurs, in hopes that the offer will help the many entrepreneurs inspired by the current news of the job market, take their company to the next level.

The new offer is being launched for a limited time and was announced after the Federal Reserve released the findings of their research report. According to the new study, much of the damage done to the U.S. labor market from the recession cannot only be reversed but is already showing signs of turning around. The news provides hope not only for the job seekers trying to overcome unemployment in today’s market, but the many small business owners, who have been struggling in the down economy.

The Entrepreneurs’ Advice Bureau is launching the new free gift offer which includes an informational video, along with the limited time promotion, as a way to encourage entrepreneur’s to take their company to the next level. The organization hopes that business owners, armed with the news of the expected revitalization of the economy will take advantage of the offer and look to grow their company as the market starts to improve.

The new offer has launched on the company website and will be available for a limited time. For more information on this promotional offer and to take advantage of this free gift opportunity visit http://businessandentrepreneurs.com/.
























Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









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Article by chris cornell