As we enter the ten-year anniversary of the first two states to legalize cannabis (Washington and Colorado), the industry finds itself in a brand-new chapter. Gone are the days of it being a minuscule industry in only a handful of places; adult use cannabis is now legal in 24 states plus DC, and once strongly prohibitionist states now have legitimate medical cannabis programs. The industry employs nearly 430,000 people and is estimated to reach nearly $32 billion in annual sales… Read more.
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In last week’s seventh annual Cannabis Start-Up Competition at Boston University (BU) in Massachusetts, on the same night Ohio became the 24th state to legalize adult-use cannabis, a stoner-friendly app JoinME took home the grand prize. It enables users to locate and meet up and join with stoners who share the same goals and interests. Now in its sixth year, the BU alumni-founders behind Green Lion Partners sponsored an annual start-up competition for current BU Terriers and alums who are developing innovative cannabis-adjacent companies. BU… Read more.
In the increasingly competitive retail sector, constructing the right dispensary tech stack is mission-critical. Your dispensary’s technical infrastructure, along with data management and use, can create a significant competitive advantage when carefully selected and strategically integrated. On the other hand, a haphazardly assembled tech stack without proper attention to integrating multiple systems can severely hamper operations, stemming the flow of revenue and needlessly limiting opportunities for growth. Unfortunately, there’s no such thing as “the best” setup. Identifying the optimal technology… Read more.
The cannabis industry has experienced a technological revolution in recent years, with the integration of Industry 4.0 technologies throughout its value chain. Professionals in the manufacturing and processing sectors have witnessed firsthand the profound influence of artificial intelligence (AI), automation, computer vision, and machine learning (ML). It’s time we explore the space race of cannabis tech and examine how each of these technologies will impact the industry’s value chain today and in the years to come. AI has emerged as a game-changer… Read more.