Cultivation

Dan Maclure planted eight acres of hemp on his Vermont farm for the first time this year, aiming to cash in on the exploding demand for CBD, a derivative of the plant reputed to ease anxiety and other ills without the high of its close cousin, marijuana.

He persevered when some of his hemp plants grew white with mildew and others failed lab tests and had to be destroyed. With his harvest now complete, Maclure has one more challenge to overcome: selling his surviving crop and recouping an estimated $140,000 investment.

New cannabis technologies have the potential to transform the industry as advanced cultivation techniques and testing practices improve.

New cannabis technologies, including quality control and contamination testing along with other health and safety practices, are key to building and maintaining consumer trust in the legal cannabis industry. 

The cannabis market is one of the fastest-growing markets. By the end of 2025, Grand View Research estimates that the global legal cannabis market will grow to $66.3 billion. Its increasing legalization and use in the medical field, as well as recreational applications, are some reasons driving its growth.