Cannabis data and analytics provider Headset hit a milestone of processing $50 billion in data since its inception in 2015.
Having ingested data pertaining to 2.8 billion units, 970 million transactions, 95 million customer records and 61 million distinct SKUs, Headset holds the distinction of possessing more market intelligence data than any other company in the cannabis industry category, the company said on Thursday.
Cy Scott, CEO and co-founder of Headset, praised the landmark achievement.
"Reaching $50 billion in processed data is not just a number—it's a testament to the trust placed in us by the over five thousand retailer partners and the relentless innovation of our team," Scott said. "Each transaction, each SKU, represents a story of growth and understanding in the burgeoning cannabis industry. Our vision was never just about data aggregation; it was about providing a compass in an uncharted market. This milestone underscores our commitment and excitement for the future as we continue to illuminate the path for our partners and the industry at large."
Founded in 2015, Headset strives to help operators make more informed business decisions through data.
The company said it has achieved this goal by developing innovative business solutions focused on aggregating data from thousands of retail and dispensary reporting sources across the U.S. and Canada. It does this in real-time to help industry operators, consumer packaged goods companies, financial institutions and government agencies identify opportunities, stay ahead of product trends, and navigate the cannabis industry efficiently.
Headset's suite of business tools features lineup of advanced analysis technology and direct point-of-sale integrations.
Now read: EXCLUSIVE: Headset Expands Access To Real-Time Cannabis Market Insights In Two More States
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