Forian Inc..
FORA.US | Computer programming activities
Forian Inc. operates as a technology and software company focused on the cannabis and hemp industries. It provides a suite of software solutions and data analytics services designed to help businesses in these sectors optimize their operations, manage compliance, and gain insights into market trends...Show More
Better Health for All
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Forian experienced a data security incident in 2024 that exposed the identities and health records of hundreds of millions of patients.
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The company's privacy notice details how it collects, uses, and shares personal data, including de-identification and HIPAA compliance.
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The company states that transparency in data handling and adherence to compliance standards is crucial for building trust, and mentions adherence to HIPAA, HITECH, HITRUST, and GDPR regulations, along with SOC-2 certification.
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However, the 2024 data breach indicates significant vulnerabilities in its data protection, suggesting that risk disclosures were incomplete or practices failed to prevent a major incident.
Fair Money & Economic Opportunity
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No evidence available to assess Forian Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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Forian Inc. demonstrates high worker engagement, with an overall Glassdoor rating of 4.6 out of 5 stars, which translates to 92%.
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Additionally, 95% of employees recommend the company to a friend, and 95% have a positive business outlook.
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The company's diversity, equity & inclusion rating is 4.7 out of 5, and work/life balance is 4.6 out of 5.
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Compensation and benefits are rated 3.7 out of 5.
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The company has 48 employees.
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There is no specific data available regarding the share of the workforce on temporary or gig contracts, nor is there information on health insurance coverage or voluntary employee turnover rate.
Fair Trade & Ethical Sourcing
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No evidence available to assess Forian Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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Forian Inc. is restating certain financial statements for 2023 and quarterly periods within that year, as well as for 2024 Q1 to Q3.
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This is due to a change in accounting treatment under ASC 606 for revenue recognition, and material weaknesses in general information technology controls and validation of payables transactions.
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The company expects to file a notification of late filing with the SEC.
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Forian has a formal whistleblower policy, last updated in September 2021, which includes anonymous reporting options via an ethics hotline and mail, non-retaliation provisions, and confidentiality measures.
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Complaints are investigated by Compliance Officers under the Audit Committee's oversight, and a log of complaints is maintained.
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The company's Code of Business Conduct and Ethics, updated in September 2021, addresses international business laws, including the FCPA and US Embargoes, and outlines compliance resources and reporting procedures.
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Kind to Animals
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Forian Inc. operates as a technology and software company providing software solutions and data analytics services for the cannabis and hemp industries. Its business model does not involve physical products, animal testing, animal husbandry, animal agriculture, or the sourcing of animal-derived ingredients. Consequently, all KPIs related to animal welfare, testing, sourcing, and conservation are not applicable to the company's operations, and no evidence to the contrary was found in the provided articles.
No War, No Weapons
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No specific, concrete evidence was found in the provided articles regarding Forian Inc.'s association with arms manufacturing, military contracts, or conflict facilitation, nor any initiatives related to mitigating the impact of war or fostering nonviolent alternatives.
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discusses the broader defense industry but does not mention Forian Inc.
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provides a general SDG transparency score, which is not relevant to the specific KPIs.
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refers to a different company, Foroni S.p.A., and not Forian Inc.
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contains no content.
Planet-Friendly Business
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Forian Inc. lacks publicly available data regarding its environmental performance.
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No specific carbon emissions data, reduction targets, or climate commitments are disclosed.
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Information on renewable energy use, water consumption, waste diversion, green building certifications, or any climate-positive initiatives is absent.
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There is also no information provided on regulatory actions, violations, fines, or compliance issues.
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The company's sustainability report is promotional and does not contain quantitative metrics.
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Respect for Cultures & Communities
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No evidence available to assess Forian Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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Forian Inc.'s 2025 10-K report states that no material cybersecurity incidents have occurred.
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The company mentions compliance with HIPAA, CCPA, and GDPR, and notes SOC-1 and SOC-2 compliance.
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Additionally, the company highlights its compliance with HIPAA, HITECH, HITRUST, and GDPR regulations.
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Zero Waste & Sustainable Products
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No specific data is available regarding Forian Inc.'s waste diversion rate, product recyclability, packaging sustainability, recycled content percentage, single-use plastic reduction, take-back program coverage, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability score, waste audit frequency, zero waste certification, waste disposal violations, material efficiency, packaging to product ratio, waste reduction targets, supplier waste requirements, or customer waste education.
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