What is the impact of cannabis technology on the industry? With the advancement and improvement of technology, the cannabis industry made a lot of breakthroughs in the world today. It could be in sales, deliveries, customization, manufacturing, purchasing, and the consumption of cannabis products itself. In this article, we give you how cannabis technology transforms and makes cannabis dispensaries efficient in the industries and the lives of people today.
Cannabis Dispensaries
Cannabis dispensaries or also known as marijuana dispensaries are physical locations in countries like Mexico, Switzerland, and Canada, where cannabis used for medical or recreational uses can be purchased. These stores are usually regulated by the local government, as there are only some stores that are authorized to sell one.
In Canada, the use of cannabis was legalized nationwide on October 17, 2018. It is effected through the Cannabis Act that formally authorizes the consumption of cannabis and its by-products. Today, the Canadian cannabis industry is still booming in the country amidst the COVID-19 pandemic. Stats Canada reported that the cannabis sector contributed $8.26 billion to the country’s gross domestic product despite the health crisis in the world today.
According to Cowen Group, a company that provides research on healthcare and technology, the cannabis industry at present has the potential to generate as much as $50 billion to $75 billion in annual sales in roughly a decade. It is also indicated that no industry has been more influential over three long years than cannabis. This proves that the said industry has potential in gross domestic products not only in Canada but in many countries.
Cannabis Technology
Technology plays a central role in the industry of cannabis dispensaries. Historically, it has been used minimally for the production and sale of cannabis due to legal implications. Mike Bologna, CEO of Green Lion Partners, a business firm focused on regulating the cannabis industry, said that “It has been not just minimal but actively avoided.” However, he also predicts that through the advancement and efficiency of technology, the industry of cannabis dispensaries will eventually improve in the countries where it is regulated.
Today, cannabis technology transformation is evident. As more countries are embracing it, there are several innovations made by the new technologies—these change how a lot of farmers and cannabis dealers go about their businesses. From being crippled because of strict laws on use and distribution, technology-based improvement today in the cannabis industry has grown and shaped the future of the cannabis dispensaries by leaps.
How Technology Is Transforming the Cannabis Industry
A lot of new technologies are already reshaping the cannabis industry. These made several benefits and innovations in sales, deliveries, customization, manufacturing, purchasing, and the consumption of cannabis products. Here are the known means of transforming the green weed industry:
E-commerce As A Seed To Sale Technology
Through the internet, cannabis businesses have new platforms for people like in Canada to buy weeds online and get them delivered at peoples’ homes. Some websites give information about cannabis products. The vendors can now use point-of-sale software to track the records of their products. These seed to sale technologies as platforms can greatly improve the data available to growers and manufacturers, leading to the more efficient development of new products.
Use Of LED Lighting
It is known that for cannabis leaves to be developed, cannabis planters should make sunlight available for at least 18 hours. But with the use of LED lights, as a promising technological advancement, cannabis production becomes easy. It has replaced the high-pressure sodium (HPS) bulbs used by the planters; LED lights provide enough light for better cannabis production. It produces much less heat than the previous bulbs used. This allows growers to save temperature control and ducting.
Better Law Enforcement Through Cannabis Breathalyzers
Although cannabis use has been legal in some countries, some states still regulate it and put laws to prohibit people who are using the substance while driving. Since it is tough for cops to determine whether a person is on the influence of cannabis, new technology is used. The solution is known as cannabis breathalyzers. With this, cops can determine the recency of use of the substance among drivers. This technology is still in its early development stages. But it has been used because of its potential to transform the way cannabis is consumed and regulated.
Nanoencapsulation As The New Mode Of Ingestion
Smoking has been the only mode of getting a cannabis intake. Today, it can be consumed through gummies, sweets, oils, or vapes. With this, a new development has been made. One of them is the nanoencapsulation. Cannabis is known for its low bioavailability. This means that only around 20% is consumed and goes through the bloodstream. Because of this, scientists believe that “encapsulating the cannabinoids in a smaller emulsion can dramatically increase that bioavailability.” The smaller emulsion can allow the product to blend more smoothly with water through the bloodstream thoroughly. Cannabis can be more natural to consume entirely. Today, this technology can be available in creams, capsules, and some wellness products.
Improved Cultivation Practices
Through the advancement of technology, there is now an application that can grow and monitor the growers’ weeds. It improves the chances of farmers getting quality yields. The farmer can also have time to relax and watch their plants grow. Another improved practice is using DNA sequencing. This is responsible for creating cannabis with a different distinct flavour. These now enable the development of cultivating cannabis in the market.
Conclusion
With different breakthroughs in cultivating, selling, and consuming the green weeds, the cannabis industry will be successful, especially in the countries or states where it is legal. This will also amplify to the world the benefits, innovations and impact of cannabis in the medical sphere and recreational realm. The advancement and improvement of cannabis technology have a significant effect in the cannabis industry. It gives the consumer a lot of ideas on how they will construct their cannabis product and improve their cannabis dispensaries for a better result of cannabis goods. This will be only possible because of the efficiency of cannabis technology has made for the cannabis industry and to the lives of people today.
References:
https://nuglmagazine.com/how-technology-is-changing-the-cannabis-industry/
https://www.fool.com/investing/2019/03/24/5-ways-technology-can-transform-the-marijuana-indu.aspx
https://www.computerworld.com/article/3109949/high-technology-how-it-is-fueling-the-cannabis-industry.html
https://www.pcmag.com/news/how-technology-is-transforming-the-cannabis-industry
https://www.thrillist.com/vice/30-places-where-weed-is-legal-cities-and-countries-with-decriminalized-marijuana
https://www.thrillist.com/travel/nation/is-weed-legal-in-canada-cannabis-laws-where-to-buy
https://www.fool.com/quote/nasdaq/cowen-group/cown/
https://www.fool.com/investing/2018/04/15/marijuana-a-75-billion-market-by-2030.aspx
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