NCS Analytics

About NCS Analytics

NCS Analytics, Inc. is a data analytics firm providing regulatory technology (RegTech) to government agencies and financial institutions that oversee high-risk industries. Founded in 2015 by CEO Adam Crabtree and CFO Mark Nassi, the Denver-based company was established to address the complex compliance challenges emerging from the legalization of cannabis in Colorado. Crabtree, with a background in banking, identified a systemic disconnect between financial institutions and state regulators, which inspired the development of a data-driven solution to bridge this gap. Nassi contributes over two decades of experience in technology and accounting.

The company operates on a Software-as-a-Service (SaaS) business model, offering subscriptions to its proprietary NCS Platform. This platform aggregates and analyzes millions of data points from diverse sources, including seed-to-sale tracking systems and utility usage data, to provide actionable intelligence. Its patent-pending predictive and behavioral analytics engine identifies anomalies, patterns, and risks in near real-time, such as potential product diversion or improper financial activities. This enables clients to enhance regulatory oversight, ensure tax compliance, and improve public safety. While cannabis regulation is a primary focus, NCS also serves entities managing other high-risk sectors like alcohol and tobacco. Its client base consists of state and local government regulatory bodies and financial institutions across the United States, including agencies in California, Delaware, Michigan, Oklahoma, and Vermont.

A key feature of the NCS Platform is its ability to distill vast datasets into clear, actionable alerts and reports. For instance, the recently launched Risk Index assigns licensees a score from 0 to 100, similar to a credit score, to help regulators prioritize enforcement efforts on the highest-risk operators. The platform is designed to work in conjunction with existing state systems, like Metrc, to provide a deeper analytical layer. NCS also promotes public data sharing through its "Transparency Project," a collaborative effort with regulatory partners to increase public understanding of the cannabis market via anonymized data dashboards. Since its inception, the company has raised $11.5 million in funding, including a Series A round, to support its growth and platform development.