Tech

New Federal Initiative Promises Better Quality Control in Cannabis Testing

 

Achieving consistent, quality products means testing in a consistent manner. Consistency starts with regulation.

Most legitimate cannabis and hemp companies form relationships with third-party testing laboratories. Independent chemists test their products for cannabinoid content, terpene content, and contamination levels, and the data collected is made available to retailers and consumers.

How Is Technology Shaping The Cannabis Industry For The Future

The cannabis industry is growing rapidly with every passing year, and investors are also taking notice of it. With the development of new technology, this industry is becoming better than ever.

Innovations are taking place constantly that you can notice whether you use cannabis for medical purposes or recreational purposes. The trend is likely to continue this way, thanks to the less strict policies now.

This allows enthusiasts to try new things with the help of new technology.

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: