5 Most Important Innovations Driving the Future of Cannabis
Technology solutions in the cannabis industry are propelling its growth. Rapid innovations in hardware, software, and cultivation technologies are facilitating the development of commercial cannabis businesses, empowering them to scale, produce better cannabis products, remain competitive, and ultimately increase profitability.
Let us discuss why cannabis technology innovations are crucial for the industry’s future.
Cannabis Technology Integration
With the help of innovative technology, businesses can quickly scale to capture a share of the rapidly growing cannabis market. Cannabis industry innovation is astounding because it is motivated by genuine, unmet needs. Integrating technology into your cannabis business systems and equipment can ensure a seamless operation.
Cannabis companies are driving massive improvements in the industry and launching new products that are helping cultivators scale their businesses and maximize profit as legalization spreads.
Cannabis Technology Innovations
Vertical Farming
The cannabis industry has embraced vertical farming in the last five years. The cannabis industry’s unique needs have inspired several growing innovations in cannabis technology. There are numerous product improvements and innovations every year.
A vertical farm’s equipment and technology comprises multi-level racking systems and custom-fitted grow trays. Racks move sideways to maximize the space for growing plants, both horizontally and vertically.
Air ventilation systems have been developed to ensure even airflow throughout the vertical tiers where plants reside.
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Due to the high cost of the initial components, vertical farming may not be appropriate for smaller farms. However, those who want to maximize energy efficiency and reduce energy costs in the long term can invest upfront in reaping the benefits later.
LED Lighting
Using LED lighting instead of high-pressure sodium (HPS) bulbs is another interesting technological innovation to develop the cannabis industry. Perhaps you are wondering how lighting can be a technological innovation?
There is a connection between marijuana cultivation and lighting technology. Growing the plant indoors would require highly intense discharge bulbs, which are expensive and eat up a great deal of electric power, raising production costs.
For quite a while, the cannabis industry—both legal and illegal, has been using HPS bulbs. HPS bulbs are energy-hungry, short lifespan, and generate considerable heat, so producers must have a climate control system.
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LED lights here are a lifesaver for marijuana-growing companies. A LED bulb lasts longer and consumes less energy than an HPS bulb, which means less strain on the HVAC system. It also costs less to manufacture, so the end product is less expensive.
Many strains, such as the super lemon haze, are grown under LED lights, and it grows as perfectly as any outdoor-grown plant. You can find reef dispensaries in las vegas online to know more about it.
E-Commerce Technology
With the rapid growth of the e-commerce business in the cannabis industry, worldwide sales of the drug are also increasing. With the advent of the Internet, customers have new ways of accessing cannabis. From the comfort of your own home, you can now order top-quality cannabis products.
Online retail provides cannabis organizations with another medium to expand their new purchasing channels previously limited to different businesses. Several reports estimate that the cannabis market will reach $166 billion by 2025 as more cannabis organizations adopt eCommerce platforms.
Additionally, the e-commerce industry offers a wide array of payment services, including pre-paid cards, cryptocurrency, and e-wallet options. Due to this, seamless electronic payments are emerging, making payments for cannabis easy and convenient.
Cannabinoid Biosynthesis
Cannabis plants contain chemical compounds called cannabinoids. Cannabis producers often use traditional extraction methods to extract cannabinoids from crude marijuana plants. However, one drawback to using these methods is their high cost reflected in the price of the finished product.
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Cannabinoid biosynthesis is an innovative technology that has been proven to be a cost-effective way of producing cannabinoids such as CBD and THC. The leading marijuana industry growth makers are investing resources into thus medical marijuana technology, intending to revolutionize the cannabis supply chain.
Microorganisms help create yeast strains that help produce valuable cannabinoids and improve the marijuana industry. Cannabis products are expected to be more affordable thanks to the technology since it reduces production costs, improves quality, and lowers costs.
Cloud Computing
All industries rely heavily on data. With a cloud platform, cannabis producers, representatives, and other partners can manage information about growing plants, manage orders, manage tasks, and comply with state regulations.
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Computing services and solutions from Amazon Web Services, Microsoft Azure, and Google Cloud increase efficiency for organizations across a broad range of industries. One benefit of these cloud platforms is that they are accessible through any smart device with an internet connection.
Moreover, your data is always accessible and retrievable after moving it to the cloud.
Conclusion
The Cannabis industry has grown exponentially since legalization. With its growth comes a need for more reliable services and improved experiences, which will only be possible through innovation. Cannabis producers have been confronted with innovative ideas that have changed how they cultivate their crops and consumers locate and use their products. The cannabis industry has undergone a seismic shift every time technological advancements are made. Many companies, products, and applications have arrived and gone abruptly.
The next big thing may be difficult to predict, but cannabis innovation will undoubtedly remain a significant phenomenon in the coming years, showing no signs of slowing down.
Thank you,
Glenda, Charlie and David Cates
