In this article we will look at 5 Ways in Which Technology can transform the Cannabis Industry.
The cannabis industry is driving new trends in the market depending on the stake available in your market. Some big organisations push their interests to get hold of the regional markets leaving the smaller ones to duel within their localities. All these diversifications depend on technology that defines the cultivation, selling and distribution of cannabis and related products.
With technology reshaping the marijuana industry in countries that have legalized its trade like the United States, we will highlight some of the five innovations that the United Kingdom and other countries that wish to legalize the cannabis trade can help their industries in playing a significant part in promoting the green rush.
1. LED Lighting
The LED lighting is yet to be implemented on a large scale in a bid to replace the high-pressure sodium (HPS) bulbs. The use of HPS bulbs in both the illicit and legal production of marijuana has been the primary source of light. The nature of these bulbs means that they are affordable and capable of producing a predictable crop yield thus ensuring that you will be on the safe side of UK law.
On the other hand, bulbs use a lot of electricity and have a very short life span. The amount of heat they produce forces farmers to look for an appropriate cooling system. LED lights have now integrated into the production of cannabis. They are popular because of their low light intensity and long lifespan.
2. Seed-to-Sale Technology
The cannabis industry is already producing a game changer in the name of a point-of-sale cloud platform for weed farmers. Using the point of sale (POS) software as a service brings in some new ideas for cannabis farmers. It has now become easy to buy Ontario weed onlineOntario weed online.
Retailers are now able to analyse data by studying consumer buying habits. Earlier, it was challenging to track consumer behaviours because most purchases were on a cash basis. The point of sale technology will make it easier for store managers in the UK to market products that seem to give the right kind of satisfaction.
Sometimes using the cloud-based technology can help when documenting seeds before selling. Once you embrace this POS, you can trace your product from the farm to the shop and finally to the clients. This analysis gives a better opportunity of ensuring only quality products reach the final consumer.
3. Electricity Storage
The electric vehicle giant Tesla has also come up with an energy storage innovation capable of transforming cannabis production on a large scale. Growing cannabis is not cheap when you consider production per gram. If you decide to make use of HPS bulbs and a climate control system, it may put more strain on your electricity demands. However, with this new invention, producers in the UK will also cut production cost thus increasing their margin.
The introduction of the Tesla power solution should offer the means for small, medium, and large cannabis growers. The stored energy would come in handy when there is an extensive interruption of power. The Tesla Powerwall stores electricity and allows you to buy electricity and store for later use. Tesla has not made any comment on this issue, but regarding the large-scale production of cannabis, the growers know better.
4. Cannabinoid Biosynthesis
Technology is already moving us out of the usual extraction techniques to get cannabinoid such as microdosing magic mushrooms. Such products attract a premium price to get a hold of one. The other common psychoactive cannabinoid is tetrahydrocannabinol (THC) that gets consumer high compared to the cannabinoid (CBD) famed for its medicinal values.
Biosynthesis is a new extraction method that uses microorganisms to create yeast strains that produce the desired flavour this meeting clients’ demands. Companies that pursue this method believe that their production costs go down; they also confess that this strain keeps growing regardless of the weather. Essentially, companies that will embrace yeast strain will fulfil customer demands all year round.
This approach allows for diversification taking the production line out of the usual dry cannabis flower at a much lower production cost. This will increase the margin for producers in the UK.
5. Cannabis Breathalyzers
We all know what the usual Alco blow does to people who go beyond the regulated limit. As we speak, law enforcers are looking for better ways or guidelines that they can use to manage the use of cannabis. While the Alco blow makes it easy for them to seize those who go beyond a specific limit, using the same for cannabis is not easy.
For instance, the use of THC, which stays in the body for days or weeks, makes it hard to establish when it was used. This explanation gives credence to cannabis breathalysers that should allow officers an easy time determining recent use and impairment levels. You never know, this could be the reason why the UK still reluctant to give the green light on the legal use of marijuana for recreational purposes.
In as much the breathalyser is still at infancy stage, there is a potential that it could transform the way we regulate and use cannabis in the UK.
The introduction of these technologies in the cannabis industry has many disruptions that in the end allows us to balance the now growing cannabis demand. Salespeople already know which tools to use without necessarily cutting down on business. However, the future of the cannabis industry will be much stronger depending on how quick suppliers and weed farmers adapt to the new solutions.
The rapid changes in technology help the businesses have an easy time bypassing hurdles as they seek new ways of doing things. The deployment of point of sale terminals instils the power of a marketer to growers, salesperson, and distributors who will understand the relevance of setting up a cost-effective supply chain as well as compliance models that give real-time data and visibility over their products.
When you abide by the strict regulations that in some states are technically illegal at the federal level and may be unlawful in individual states, compliance is the only thing you need to remain competitive. Get to know which enforcements are in place and may cause disruptions that could lead to the dissolution of your business. Most regulations in the cannabis industry are to make sure there is an end-to-end visible production and supply chain that must have traceability from harvesting to the final product.
The trends we see today is placing the industry into a unique powerhouse that separates the big producers from the small ones in terms of market share and the desire to engage in emerging cannabis technology.