Most individuals do not think about technology when they think about the budding cannabis industry, however, several different aspects of the industry rely heavily upon technology. Just recently the tech giant Microsoft made an announcement that they will be providing Azure cloud services for compliance based software that will serve the cannabis industry. To many people, this not only shows that technology has a big part to play in the success of the industry, but also shows that the times are truly changing surrounding how the industry is viewed by existing companies as well as the general public.
Since the uptick in technology has been occurring over the past few decades, technology has played a very small role in the cannabis culture and industry as it has been highly illegal. That was until legalization started to sweep across the country. With the legal cannabis market being predicted to be worth more than 21 billion dollars by 2020, everyone including small tech startups and well-known tech brands are wanting to get their piece of the pie.
Let’s take a look at a few of the companies that are utilizing technology to help fuel the cannabis industry to success from web design and graphics all the way to software that helps businesses remain compliant with state laws.
Flowhub has to be one of the most well-known tech companies within the cannabis sector. They currently provide services to cultivators and retail owners in Colorado, Oregon, and Alaska. Flowhub offers several different services and platforms that are helping businesses in the cannabis industry succeed. Â Flowhub is most well-known and utilized for their seed to sale tracking and point of sale services. They also offer a cloud-based software-as-a-service platform that can be utilized via iOS devices as well as the web.
DankCreative is a graphic design company that helps to produce state of the art graphic designs for businesses in the cannabis community including logos and headers for websites and more.
GreenRush is an e-commerce platform utilized for linking medical marijuana patients with providers in their area. The founder and CEO pf GreenRush, Paul Warshaw, compared GreenRush to being the GrubHub of the medical MJ industry. Medical marijuana patients looking to locate products at local dispensaries or for delivery can simply log in and browse the available selection, making purchasing medical marijuana easier than ever before.
As you can see there are quite a few ways in which technology is really helping the industry excel and we are just getting started. It would be no surprise to see a major increase in tech companies entering into the industry over the coming months and years.
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