Cannabis Miracle Drug Breaks Through Legal Barriers

In what is being hailed as a landmark decision and historic first, the Federal Drug Administration (FDA) has approved the first drug with an active ingredient derived naturally from the cannabis plant. The FDA approved the drug, called Epidiolex, because it was proven to be effective in treating patients aged two and older who suffer from some rare and severe forms of epilepsy. Developed by GW Pharmaceuticals, Epidiolex is derived from cannabidiol (CBD), a component of marijuana that does not cause intoxication. The ruling is historic because it removes a longstanding…

New Feature in Advanced Billing: Generate Date Calculation

In the upcoming Release 18 of Advanced Billing for Acumatica, we added a requested feature for calculating a “generate date” based on the contract terms. If you have contract invoice terms of 30 days, meaning the bill is due 30 days after the invoice date, and you want to have the due date entered as the date of the generated invoice, the Advanced Billing system will calculate the date for you. First, enter a contract and set the terms to 30 Days. Make sure…

A Big Shift in Attitude Is Positive for Cannabis Industry

The winds of change are blowing across the country as politicians and the public turn from hostility to a more accepting and welcoming attitude towards cannabis. The removal of political roadblocks is good news for cannabis manufacturers, as the market seems to have reached a tipping point with more and more states legalizing cannabis and the worldwide market expanding. The expansion of cannabis manufacturing is continuing at a rapid pace throughout the United States. We’ve reported on new factories cropping up in Florida, Nevada, and California, and now another new plant is set…

Power BI Gives Businesses Super Powers

Since Microsoft’s Power BI launched as part of Office 365 in July 2013, it has evolved at a rapid pace and blossomed into a full-blown feature-rich modern business intelligence tool. In July 2015, Power BI had 45,000 users worldwide. Today that number has grown to more than 5 million users. What makes Power BI such a compelling business tool is a combination of strong data visualization capabilities, ease of use, and affordability (starting at free, with a Pro version priced at $10 per user per month). Moreover, Power BI can be accessed from…

Cannabis Market Goes Ballistic

We knew the cannabis market was hot, but the latest studies show the cannabis industry skyrocketing beyond analysts’ previous expectations. Surprised that legalization and demand are expanding the cannabis market at such an accelerated pace, analysts are scrambling to revise their projections upward. “While it seems every year means a new monstrous projection about the size of the cannabis market, this year’s projection is especially large,” cannibisnow.com reports. The latest “State of Legal Marijuana Markets” report by Arcview Group and BDS Analytics, which cannibisnow.com considers the “gold standard of marijuana industry data research,” shows…

How Do the Different Revenue Recognition Methods in Acumatica Affect Revenue Recognition?

In this series, we answer real-life questions from Acumatica users QUESTION: How do the different revenue recognition methods in Acumatica affect revenue recognition? ANSWER:  Recognition methods determine how a deferred revenue or expense amount will be distributed over a defined number of periods. Within Acumatica, you can specify a particular recognition method in the settings of each deferral code on the Deferral Codes form, and can assign a deferral code to a line of an invoice or bill. Revenues can be deferred in a number of ways and over different time periods…

MS Dynamics SL Credit Card Security Fix

Microsoft Dynamics SL users have encountered a problem in which their application crashes when they attempt to transmit a credit card transaction. The problem is rooted in the TLS (Transport Layer Security) protocol, the cryptographic protocol that provides security over a computer network. The steps to resolve the issue are as follows: Open Windows Powershell as an administrator Run the following script: ::SecurityProtocol which should return the following results: As you can see, only include Tls as opposed to Tls12 Run the following scripts: Set-ItemProperty -Path ‘HKLM:\SOFTWARE\Wow6432Node\Microsoft\.NetFramework\v4.0.30319’ -Name ‘SchUseStrongCrypto’ -Value ‘1’ -Type DWord Set-ItemProperty -Path ‘HKLM:\SOFTWARE\Microsoft\.NetFramework\v4.0.30319’ -Name ‘SchUseStrongCrypto’ -Value…

MedMen Takes Cannabis Manufacturing to the Next Level

We have been following the industrialization of cannabis manufacturing as the cannabis industry expands rapidly into a booming multi-billion-dollar business. An indicator of where things are heading is the large-scale expansion of MedMen, which is multiplying its production capability by creating three ultra-modern cannabis manufacturing operations in Nevada, California, and New York. MedMen launched the first of its new large-scale cannabis factories in April in Sparks, Nevada.  At the opening ceremony, MedMen CEO Adam Bierman described the plant as the most advanced cannabis facility in the world. In May, MedMen began construction of a factory…

Power BI Desktop Adds Filtering and Sorting in the Data View – Finally!

Veteran Excel users like myself, who use filtering and sorting in the data view of Power Pivot, were surprised and disappointed to find that Power BI lacked this capability. Early on I would build and debug a model in Power Pivot and would then import the Excel file to Power BI (this also allowed me to set a date table, another missing Power BI feature that has since been added). Lately I have been building models in Power BI, but many times have been forced to use Excel to debug and validate the data. Finally, with the June release of…

Cannabis Packaging Gets Sophisticated

As cannabis products and user tastes become more sophisticated,  cannabis package design is following suit. With exotic names and novel products now an integral part of cannabis manufacturers’ retail and marketing strategies, creative packaging has become a way for producers to distinguish their brands. The packages seen in dispensaries today are a far cry from the plastic sandwich bags that were the common way of distributing marijuana in the days before cannabis became legalized. Legalization also has brought new laws that define what is required and what is disallowed in cannabis packaging. Childproof…