New data sharing agreement to benefit cannabis and hemp businesses

Grow Opportunity Staff
May 14, 2019
By Grow Opportunity Staff
Independent price reporting agency New Leaf Data Services, LLC (NLDS), and the Cannabis Mercantile Exchange (Cannamerx) announced the signing of their data-sharing agreement to bring real-time transaction data to cannabis and hemp businesses.

Under this agreement, Cannamerx will provide NLDS with real-time data generated by its international cannabis and hemp trading platform to be incorporated into NLDS’ Cannabis Benchmarks and Hemp Benchmarks wholesale price assessments. In return, NLDS will help Cannamerx market its leading international auction platform for wholesale cannabis and hemp products, and educate its business partners and subscribers in the international cannabis and hemp industry on the capabilities and benefits of using the Cannamerx platform, which will encourage market efficiency and transparency, according to a release.

“We are pleased to have entered into this agreement with Cannamerx, which will expand and deepen the wholesale pricing data that is the foundation for our institutional grade Cannabis Benchmarks and Hemp Benchmarks,” said Jonathan Rubin, CEO of NLDS. “The transactions and data generated by Cannamerx will help bring price transparency to these historically opaque markets and facilitate the development of effective trading and hedging strategies by market participants.”

“We look forward to working with New Leaf Data Services to create an increasingly robust and detailed data set on the price and trading dynamics in the cannabis and hemp industry at all levels of the global supply chain,” added Dietwald Claus, founder and CEO of Cannamerx.

Both companies said they see this alliance as a natural symbiosis. By promoting participation in Cannamerx, NLDS said it is effectively increasing the size of the data pool from which it collects, analyses and reports on wholesale prices in the cannabis and hemp markets.
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