Tech

How The Cannabis Industry Is Pushing The Limits Of Digital Payment

Whether you agree with the sentiment or not, financial institutions mostly still view the cannabis market via the prism of too much risk. But the banking industry is changing.

The gears of automated delivery management were in motion long before the arrival of Uber and other sharing services. Tech behemoths like Amazon had already shattered the glass ceiling on next-day delivery, but their buffet of consumer products was missing many of the smaller markets. 

Cannabis And Technology: Critical Functions, Opportunities And Gaps

As governments respond to the evolving coronavirus pandemic, the global cannabis industry is navigating a constantly changing landscape. Many businesses must adjust operations or update policies, typically on short notice, to comply with changing regulations. More often than not, these changes can be executed with the help of advanced technology solutions that cater specifically to the complex needs of a cannabis business. The legal cannabis industry is coming of age in the middle of a technology revolution. 

How Digital Payments Can Disrupt The Cannabis Industry

The cannabis industry is booming. Sales for state-legal cannabis businesses are projected to reach close to $30 billion by 2025. Yet most of these businesses are still reliant on cash to run their business. And that can cause a lot of trouble.

But digital payments — and FinTech companies like AeroPay — have the opportunity to disrupt this long underserved industry. Here’s how:

More states allowing telehealth consults for cannabis authorization

Until recently, the term “telehealth” was known in the medical community, but not the cannabis community.

Since the COVID-19 outbreak sent the country into lockdown, medical marijuana users in many states can now check in with a health care provider by video for authorization, rather than an in-person meeting.

According to MPP.org, 31 states currently allow telemedicine for cannabis patients – 11 of which have temporarily altered their laws as a result of the current coronavirus pandemic.

In Cannabis Industry, Profitability and Data Security Go Hand-in-Hand

The issues surrounding legalized cannabis and data security create a multi-front battle that can be incredibly challenging from a legal and technological perspective.

No longer operating in the margins, the highly profitable, and highly regulated, legalized cannabis industry has ably, as well as nimbly, pushed its sales through to mainstream business. Total legal sales of cannabis in the U.S.

How marijuana laws complicate scientists' search for crucial answers about cannabis, hemp

In the humid rooms of industrial-sized greenhouses on the outskirts of Geneva live hundreds of hemp plants of more than 60 varieties, a large part of Cornell University’s hemp breeding and genetics program.

At Surge Laboratory, a short walk from the greenhouses, doctoral student Jacob Toth preps several test tubes for analysis. Their orange-hued broth contains genes responsible for making cannabinoids, the 100-plus chemicals found in the cannabis plant.

Cannabis research stalled by federal inaction

US scientists face numerous barriers to studying health effects of cannabis

Researchers in the US who want to investigate the medical benefits and risks of cannabis are frustrated. They would like to evaluate the wide array of cannabis products sold in states where cannabis is legal, but federal law prohibits them from doing so because cannabis is still illegal at the federal level.