On Wednesday, New York Governor Andrew Cuomo signed legislation to reign in the state’s illicit weed market. This is an important step forward in the development of a regulated cannabis industry in the state, and it has implications for data analysts and end users alike.
The connection to big data is clear: the legislation requires the state to create an electronic tracking system to monitor the sale, transport, and distribution of cannabis products. This system will generate an immense amount of data that analysts can use to understand the dynamics of the cannabis market and inform policy decisions.
The history of the legislation is complex. Cannabis has been illegal in New York since the early 20th century, but in recent years there has been a push to legalize and regulate the substance. This legislation is the latest step in that process.
The future development of the cannabis industry in New York will be heavily informed by the data generated by the electronic tracking system. Analysts will be able to use this data to understand the demand for cannabis products and make predictions about the industry’s future.
Important use cases for the data include monitoring the sale and distribution of cannabis products to ensure compliance with the law, tracking the movement of money within the industry, and understanding the demographics of cannabis users.
Tools and technologies involved in the tracking system include databases, analytics software, and mobile applications. These tools will be used to store, analyze, and visualize the data generated by the system.
Controversies and debates about the legislation include questions about the privacy and security of the data, the potential for misuse of the data, and the potential for the system to be used to unfairly target certain groups.
Data analysts will be important in understanding the data generated by the tracking system and using it to inform policy decisions. They will be responsible for developing algorithms and models to make sense of the data and identify trends.
The data generated by the system will also be important to end users, such as cannabis retailers and consumers. Retailers will be able to use the data to better understand the market and optimize their operations, while consumers will be able to use the data to make informed decisions about their purchases.
Overall, the legislation to reign in the illicit weed market in New York is an important step forward in the development of a regulated cannabis industry. It has implications for data analysts and end users alike, and it will generate an immense amount of data that can be used to inform policy decisions and empower consumers.