Discussing technology in reference to the cannabis industry is something that is not talked about as often as we’d like. Whereas, it is one field that probably requires the most attention at this point in time. Why? Well because the cannabis industry is at its peak right now. The sweeping market value of this industry in the US alone is predicted to cross the $30 billion mark by 2025.
How crazy is the potential of this industry and how foolish we would be if we didn’t decide to take some game-changing decision soon! As we’re slowly progressing towards a future that is technologically riddled to truly experience the heights of cannabis consumption, how do we become a part of it? There are many technological avenues that are bursting at the seams with the infinite possibilities of tapping the unlimited potential of cannabis. Let us go through them so that anyone reading this blog can come across a future they didn’t even give two thoughts to before.
Cannabis Cultivation & Distribution
The field that has immense potential and ability to overtake the financial achievement of the cannabis industry till now is obviously via the cultivation and distribution fields. Cultivation is not something that is just focused on planting the crops and hoping for a boost in economic sales. Instead, introducing technology in every aspect of the growth of cannabis plants is important.
There is the provision of introducing technology in each aspect of the cultivation and distribution of cannabis. In cultivation, at every stage of growth of the cannabis plants, technology can and is currently being infused. Special inventions in the way of HID and LED lights to aid in the rapid growth of the plants, mixing the seeds in specifically maintained scientific labs, flowering, and harvesting of the cannabis flowers, there are unlimited options for the people to explore.
If referencing the distribution part of the cultivation process, there is again the industry of packaging that can be explored exponentially. Certain cannabis plants go bad if exposed to a particular type of climate which is something that can be protected with the right tech tools. Like a greenhouse, there is the possibility of having a platform that runs on wheels and reaches each nook and corner of all states in the United States of America. It will ensure the timely delivery of high-quality products. Many big organizations have already invested millions of dollars into such procedures which will be very profitable for them in the coming future.
Retail Stores for Optimum Cannabis Consumption
After the passing of the Farm Bill 2018, there has been a wave of retail cannabis stores that have opened up throughout the states of the USA. They have taken full advantage of the legalized medical marijuana status. In states that have legalized adult marijuana, there also the experience has been quite similar, but in an even greater number. The sheer number of these retail stores are supplying unlimited cannabis and cannabinoid-infused products in every form to all citizens. No longer do people have to rely on a shady guy that meets them in the back alley of an old mall for their supply of cannabis. Instead, they can enter opulent stores and avail of high-quality weed at any moment.
If they don’t wish to leave the comfort of their home, it is possible for them to visit a good online CBD store to find the products that they seek at the click of a button. Everything has become convenient and easy and the companies have capitalized on it by investing in on-screen online cannabis retail stores.
Cannabis & Cryptocurrency
With some of the technological trends that have emerged in the cannabis industry so far, cannabis and cryptocurrency is one that no one anticipated the success of. After the legalization status of medical cannabis in 36 states and recreational in 18, there was a boost in the mere popularity and the market value associated with the name cannabis itself.
Which is how it got introduced in relation to another immensely popular trending industry, that of cryptocurrency. From Bitcoin to Dogecoin, the market of this online form of currency translates and increases or decreases the value of physical money as per the new trends in the market. Since bank transactions seem to be difficult in relation to cannabis, the cryptocurrency payment gateways caught fire. Not literally of course but in the most organic and helpful way possible.
At this moment there are many cannabis cryptocurrencies in the market namely, DopeCoin, PotCoin, CannabisCoin, etc. They have helped ease out the whole process of buying and selling cannabis and related products significantly. And of course, the whole credit of this phenomenon goes to technological advances that have worked out in the favor of the cannabis industry.
Contribution of Cannabis to the Field of Science
DNA sequencing is one topic that is currently on the lips of each cannabis industry expert. What does this entail? Growing the cannabis plants in a particular way to breed a super plant that has exactly the kind of desired effects and cannabinoids that the user or cultivator wants, how amazing is that. This is what the DNA sequencing of cannabis plants is all about.
Technology has made this a true possibility with successful cannabis plant manipulations. A Colorado-based company has found great success in producing a cannabis plant with no CBD or Cannabidiol. For people who aren’t aware, CBD or cannabidiol is a major cannabinoid that is almost always found in the plant. To boast of being able to eliminate it naturally is a worthwhile and commendable feat. DNA sequencing has then become one of the significant technologically backed fields that has a lot of potential for companies that are interested in it. It is a matter of manipulating and extracting only what is wanted from the plant. Crazy but totally possible.
The questions about technology having a positive influence on the cannabis industry are all affirmative. The combination of tech and cannabis together has unbelievable potential which must be utilized. There is a lot more to cannabis in addition to the medicinal benefit that a patient who knows how to get a medical card online is already enjoying at the moment. The companies only have to make the right decisions at the right time.