With its newfound legal acceptance, albeit a partial one, the CBD industry is growing faster than ever before. According to estimates by experts, the industry might be worth $20 billion by 2024, and even more than $75 billion within a decade.
Why is the cannabis industry growing?
The softening of legal barriers surrounding the industry has played a major role in this growth spurt. Ever since hemp and its derivatives attained green signals from lawmakers, the CBD market has continued to expand. It has become a part of a wide range of products including healthcare, beauty to the food and beverage sectors not just for us humans but even for pets.
Looking at this dynamic ‘consumer base’ it is not surprising to see that the industry performed quite well in the COVID-19 impacted world of today. The stress and social distancing norms induced by the pandemic have led many users to consume more CBD products. These increased consumption patterns have brought profits for the businesses and tax revenue for the government – the need of the hour.
Apart from a reduction in legal barriers surrounding this industry, technology has played a major role in its expansion. Within the cannabis industry, technology has been used in literally every stage of its life-cycle. From cultivation to retail to the final customer – technology has played a major role in the cannabis industry.
Technology in the farming of Cannabis
The increase in demand for CBD products has led farmers into considering innovative technological solutions to stay ahead in the game.
Modernized growing centers have allowed farmers to cultivate large-scale cannabis plants. The latest techniques have also enabled growers to relish higher outputs without compromising crop qualities.
In addition to this, IOTs, i.e. internet of things technology is allowing individuals to set up successful indoor crops. According to Nicolas Ruiz, Co-founder of an IoT device Cloudponics, with the more widespread use of this technology, growing cannabis indoors would be easier than ever before for people. “People will have the ability to control the quality and quantity of their cannabis without the fear of pesticides, sales taxes, or reliance on brick and mortar dispensaries.”
Technology for tracking sales and consumption of cannabis
Not every derivative of the cannabis plant is legal in the United States. While hemp is mostly legal, other derivatives like marijuana that contain more than 0.3% THC are largely illegal in most states.
Application of IoT in states where the drug is legal allows easy monitoring and control of the industry. It ensures transparency by allowing to trace the finished product back to its roots via latest SaaS (software-as-a-service) platforms. With this comes mandatory compliance of retailers and growers with industry standards set by authorities.
Technology for developing New CBD Strains
CBD is emerging as an alternate treatment method for all those who are trying to avoid conventional medications due to their associated side-effects.
CBD can be extracted from both hemp and marijuana. Hemp derived contains a lower level of THC which is a psychoactive component of the cannabis plant. In order to produce better quality CBD, different breeding techniques have given rise to various hybrids. These hybrids with varying potencies and characteristics have catered to different consumer needs.
In addition to this, nanotechnology used in the cannabis industrial sector have helped in maintaining certain attributes. Most cannabis consumers are very particular about the quality and efficiency of the product. Nanotechnology has allowed growers to increase the bioavailability of different CBD breeds.
Technology for CBD in the financial market
Stakeholders of the marijuana industry still face difficulties in obtaining funds from financial markets due its federal prohibition. This led CBD businesses to look for alternatives that could help them grow.
Blockchain and cryptocurrencies have provided the industry with the support it was missing in the traditional banking sector. It not only allows cannabis businesses to manage finances by going around conventional systems, but also provides them with security.
Technology in retail
The cannabis industry has been very innovative in applying technology n retail businesses. States of Massachusetts and Colorado have been among the first ones to deploy vending machines in their dispensaries. This has been a welcome technological change by many who want to avoid social contact due to the stigma surrounding the drug.
Mayor To Cut the Ribbon on Cannabis ‘Cookies’ Inauguration
Michigan is seeing an increase in activities and businesses trading in marijuana. As the marijuana economy grows, Cookies is the newest store that opens its doors to Kalamazoo city. The Cookies cannabis store will be functional from Friday, Feb. 26.
The mayor for the city of Kalamazoo, David Anderson, is the chief guest for the ribbon-cutting ceremony. The store opening will be in the morning, according to the Cookies Cannabis Official press release. Also, the address for the store is 2712 Portage Street.
Medicinal Cannabis At The Curbside
The Cannabis Cookies store will not be offering curbside sales on its first day. For medicinal marijuana sales, curbside medical sales will be active from Saturday, Feb. 27, the press release further adds.
Cookies is an international cannabis lifestyle brand founded by California rapper and entrepreneur, Berner.
Cookies CEO Berner has high hopes for the Midwest. He thinks that stores like his will boost the marijuana economy and can support the economy even during slumps. Cookies has pinpointed the region as pivotal going forwards. The partnership with Gage Cannabis is also proving great for them as the demand for cannabis and medical marijuana is increasing day by day.
The expansion is driven by key partnerships and a high influx of consumers. Consumers are not only driving up demand in Kalamazoo but in the whole of Michigan. Cookies hopes to serve this rising demand as it strikes new partnerships throughout the region.
Texas Med Store Starts Selling Cannabis-Infused Gummies As Medical Marijuana
As more and more states legalize cannabis use, dispensaries are finding new ways to morph cannabis into daily-use things. The popularity of medical marijuana is undoubtedly off the charts. In another of such events, one of the state’s dispensaries now offers medical marijuana-infused gummies.
The Lone Star state is the second largest of all the states, falling behind Alaska. The fact that Elon Musk has set up his residence in the state has made it even more popular. Surterra Wellness, a well-known Florida-based marijuana company, is also operating in Texas. with a dispensary in Austin — launched its line of Surterra Wellness is bringing cannabis-infused lineup of edibles to cater to the needs of patients and cannabis consumers alike. This will provide patients with THC in a less intimidating form. The president of Surterra Wellness is positive about the impact this lineup of edibles can have.
Gummy Bears Carrying Marijuana
Mr. Ruark, the Surterra Wellness president, believes that the popularity of gummies makes them ideal to administer medicinal marijuana. Gummies are by far the most popular dosing form in medical markets across the United States. In addition to the popularity of gummies, they also contain terpenes. Terpenes provide a plethora of therapeutic properties and is an all natural extract.
They also give medical marijuana users a new way of ingesting THC. The many flavors that gummy bears are available, make it a great option to use for the deliverance of medical marijuana.
Medicinal marijuana, although legal in Texas, is under extreme regulation and restrictions. Residents must opt into the Texas Compassionate Use Program that allows subscribers to use cannabis products for medicinal purposes. This programme was created in 2015 and is caters to patients of medical conditions such as epilepsy, seizures, terminal cancer, multiple sclerosis, incurable neurological disorders, autism and ALS.
Now, with the advancements in the way marijuana is covering ground, cannabis advocates in Texas are pressuring legislators to expand the program. There are expectations that the expansion will include patients suffering from PTSD.
Ruark believes that people are largely unaware of the medicinal programme in Texas. Also, he believes these gummies will change this. He thinks that his company can raise awareness about the state’s medical marijuana program.
Increasing The Cannabis Family by 2 Million
Increased reach will allow two million patients to use it who qualify for it even now but don’t use it because they don’t know about the program.
The president of the dispensaries wants everyone to benefit from the nature’s gift. He wants everyone to reap the benefits of cannabis. It may be of special benefit for veterans in dealing with PTSD after their return back to a normal life.
These lovely gummy treats come in a bottle that costs $60 and contains 200 milligrams of THC in total.
Cannabis Antibiotics Can Be Solution For Treating Drug-Resistant Diseases
The cannabis plant contains multiple components of varying benefits, of which some constituents are psychoactive while others are non-psychoactive and have other pharmacological impacts. Because of the pharmacological benefits, researchers are working to formulate cannabis antibiotics.
According to the research of The University of Queensland, CBD is a component present in marijuana, is non-psychoactive, and is capable of killing bacteria. It is useable in antibiotics due to its ability to kill bacteria responsible for gonorrhea, meningitis, and legionnaires.
Moreover, according to studies, there is a possibility that drug-resistance diseases can cause more than 10 million deaths per year by 2050. The UN warns that there is an urgent need to deal with drug-resistant illnesses. Furthermore, finding solutions to the problems of drug resistance must be of utmost priority.
Drug resistance is growing, leading to critical problems shortly. According to neurologists, within five years, the NHS will successfully develop effective cannabis-antibiotics. Moreover, the treatment of drug-resistant diseases will be possible with the use of this marijuana containing antibiotics.
Cannabis In Antibiotics
CBD is the cannabidiol, a major non-psychoactive and second-most prevalent component of the active ingredients of marijuana. Two institutions researched using cannabis in antibiotics. The institutions that collaborate for research are the University of Queensland and Botanix Pharmaceuticals Limited.
In their research, researchers examined how the CBD of cannabis penetrates through the protective membranes of multiple bacteria. Moreover, not only does the CBD enter the bacteria, but it also kills them.
Of the bacteria through which CBD penetrates are bacteria for meningitis, legionella, and Neisseria gonorrhea. The legionella bacteria cause legionnaire’s disease characterized by cough, shortness of breath, high fever, muscle pain, nausea, vomiting, and headache.
The researchers found that CBD was able to break down the biofilm of the bacteria. Biofilm is a slimy build-up of bacteria released by it to survive against antibiotic treatment. Moreover, the biofilm’s slimy layer is similar to a dental plaque on the surface.
What Is In The Future For Cannabis?
Cannabis-infused antibiotics may be available in the market. According to Professor Mike Barnes, pretty-soon general practitioners will start prescribing CBD pills to treat infectious diseases. Research on marijuana is progressing fast. Moreover, there are chances of formulating much better cannabis products for medicinal use.
According to Mike Barnes, it is high time that individuals understand the medical benefits of marijuana and take advantage of the plant to its full capacity. Moreover, the marijuana plant is useable in various ways to improve the condition of patients.
The new research led by the University of Queensland and Botanix Pharmaceutical Limited is helpful in the subject. However, further research is vital for developing much better, safer, and effective drugs containing CBD of marijuana.
More Studies Essential For A Better Future
According to Professor Mike Barnes, if CBD is placed next to bacteria in a plate, the cannabidiol will kill the bacteria right away. However, if a tablet containing CBD is on the same plate as the bacteria, the effect of CBD will be slower.
The professor is confident that with further research on the subject, better medicine formulation can occur for treating drug-resistant diseases. Moreover, UK regulators can formulate something that can fight against antibiotic-resistant gonorrhea. Furthermore, the formation of antibiotics for drug-resistant gonorrhea is the utmost priority of the World Health Organization.
Once the formulation of the cannabis-containing antibiotics is complete, the drugs will need the approval to conduct preclinical-trials and clinical trials. After completing the clinical trials and research investigations, the authorities will consider the drugs for approval after which they will be available in the market.
Deep studies and research investigations enable the formulation of a more effective formulation. The quicker the cannabis containing antibiotics gets approval, the sooner they will be in the market for treating drug-resistant bacterial diseases.
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