Like the dot-com industry, there is innovation happening at speed across all aspects of the supply chain in the cannabis industry.
This covers Cannabis breeding, growing, and harvesting. We believe the following innovations might change the way that cannabis is cultivated:
- Mapping the Cannabis genome for better breeding processes in the future.
- Grow room technology using Artificial Intelligence (AI).
- Robotics for trimming and harvesting.
Innovations in manufacturing will lead to more effective products that will retain as much of the original plant profile as possible. The processes mentioned below may change the manufacturing processes:
- Vapour distilling which is Cannabis oil extractions by using heated air.
- Wet extractions can be used to create live resin which retains the plant's original terpene profile.
- Using medical compounds to reduce the onset of edible Cannabis effects allowing for lower dosing and higher efficacy.
Laboratories are now able to test for more cannabinoids, terpenes, residual solvents, heavy metals, mycotoxins, pesticides, and hemp nutritional testing.
Cannabis distribution is being revolutionised in places like California with companies like Eaze (the Uber of Cannabis delivery) and Meadow that offer on-demand delivery of Cannabis products right to your doorstep.
Companies like BDS Analytics, New Frontier Data, and Headset provide advanced analytics and dashboards on the Cannabis industry like point of sale data, demographic and psychographic consumer profiles, consumer preferences amongst other information.
Blockchain is disrupting all industries. With Cannabis it is particularly relevant because it brings traceability and transparency across the supply chain, i.e. from seed to consumer. This would allow consumers to get visibility and assurance of the constituents (cannabinoids, terpenes, pesticides, etc) of their cannabis products
Top innovative cannabis ancillary businesses - https://au.pcmag.com/features/52848/21-blazing-hot-weed-tech-companies-to-watch