California’s new Medical Marijuana Regulation and Safety Act has created a sandstorm of controversy surrounding local permitting.
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Data is redefining what is possible in our personal and professional lives. Within that, the advent of legal medical and recreational cannabis is redefining what the legal industry’s stakeholders need from data providers.
On May 29, 2015, Marijuana Business Daily reported that it had viewed a memo from insurance behemoth Lloyd’s of London, wherein it directs its underwriters not to write or renew existing policies to cannabis-based companies until the plant is legal on the federal level.
New Frontier, a premiere data collection and industry-reporting firm, is the first in the nascent and underserved Cannabis industry to serve as a Big Data provider.
“We’re way past ‘back of the envelope,’ now,” said Giadha Aguirre DeCarcer, Founder and CEO of New Frontier Financials.
Often, when a would-be dispensary operator with a state license finds him or herself unable to open because of local zoning regulations, it is a fairly recognizable as back-door prohibitionism.