Akerna Releases 2021 Cannabis Industry Mid-Year Review

Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®) today announced the release of its second annual mid-year review.

This report highlights the state of the ever-changing and emerging cannabis industry. It takes a deep dive into cannabis operators, ancillary cannabis, capital, new markets, consumer shopping trends, and corporate social responsibility as it relates to the cannabis industry.

Cannabis Industry Mid-Year Review Sections + Authors:

Intro: Jessica Billingsley, Chief Executive Officer and Chairman of the Board, Akerna

Cannabis Markets: Trends and Forecasting: Scott Sozio, Head of Corporate Development and Board Member, Akerna

States are Recognizing the Economic Opportunity of Cannabis: Sheri Springer, Director of Service Sales, Akerna

Data Snapshot: Cannabis Consumer Spending and Trends: James Ahrendt, Business Intelligence Architect, Akerna

Cannabis and Corporate Social Responsibility: Missi Wooldridge, Marketing & Community Engagement Specialist, Akerna

“We carefully curate this data and research-based report for anyone interested in gaining a better understanding of the fastest-growing industry in the world,” says Jessica Billingsley, Akerna Chief Executive Officer. “You will find value in this report whether you are a business owner looking to make data-driven decisions, an investor looking to learn more about the promising cannabis industry, or a consumer interested in learning more about how the cannabis industry works to safely deliver the products you consume.”

About Akerna

Akerna (Nasdaq: KERN) is an enterprise software company focused on compliantly serving the cannabis, hemp, and CBD industries. Based in Denver, Colorado, the Company’s mission is to create the world’s most transparent and accountable supply chain by building a cannabis technology ecosystem connecting data points across the global cannabis supply chain from seed to sale to self. First launched in 2010, Akerna has tracked more than $20 billion in cannabis sales to date and was the first cannabis software company listed on Nasdaq.

Using connected data and information to propel the cannabis industry forward, Akerna empowers businesses, governments, patients, and consumers to make smart decisions. The Company’s cornerstone technology, MJ Platform, the world’s leading infrastructure as a service platform, powers retailers, manufacturers, brands, distributors, and cultivators. Akerna also offers a complete suite of professional consulting services and data analytics for businesses as well as solo sciences, MJ Freeway, Leaf Data Systems, Trellis, Ample Organics and Viridian Sciences.

About MJ Freeway

MJ Freeway is more than software as a service. Its flagship solution, MJ Platform, includes Platform Insights. Now operators, investors, and regulators can access the industry’s largest and most statistically relevant database to drive data-driven business decisions.

Platform Insights provides:

  • The greatest statistical relevance across countries
  • Normalized data (not farmed from various disparate POS platforms)
  • Full cannabis supply chain data
  • Business insights founded in category management methodology

Platform Insights can eliminate the guesswork and provide answers to questions like:

  • What is the gross margin return on inventory?
  • What SKUs should be carried?
  • How do basket adjacencies influence discounting and retention strategies?
  • What does a medical market look like a year

Click here for more information about MJ Platform.

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