Contributed by: Kathy Cooley
As the decades’ old myth which contained marijuana in the silo of negativity is busted by medical practitioners around the globe, states have legalized the herb’s recreational use and many like Florida went a step ahead by permitting the medical use of marijuana and its derivatives. There is an immense availability of Cannabis and CBD based products in the USA. Now that this sector has gathered pace, entrepreneurial ventures have started to seek benefits of business in the infant cannabis industry. With their creative element, many have the potential of giving concrete shape to the market.
1. Surterra Wellness
Surterra aims to provide the safest, highest quality cannabis-based products that empower your health and enable you and your loved ones to live well. It seeks to translate the greater access to naturally-grown, organic foods that are safe, natural Software-as-a-solution enabling acts which might turn out to be of revolutionary benefits to mankind. It is thus focused on unlocking the natural health benefits of the cannabis-based ingredients and is making sincere efforts to provide individuals with the most effective treatments, by combining natural growing techniques with innovative extraction tools. Natural derivation and unique formulation of these health-based solutions have an empowering impact on people throughout the communities which are warming up to positive use of marijuana like relaxing their symptoms and restoring their own health in the most secure way possible.
It is a unique platform which offers regulatory compliance opportunity. Given that the whereabouts of legal cannabis needs to be known at all times, and authorities face existential difficulties in tracing them, the company has built a modern, simplified Software-as-a-solution, enabling any mobile device to report traceability data simply and effectively, which can be thereafter extracted. It transforms the whole conundrum into a lucrative business advantage.
It is an app “built for growers by growers.” Essentially a portable seed farming manager, it helps in keeping growers up to date on growth stages. It enables the planter to make notes, monitor production and keep a journal. It also manages the farming stages of seed based cannabis growers. Also, it offers another business advantage facility by including a marketplace for shopping of supplies. You can easily buy the desired products from their online dispensary.
4. Baker Technologies
Baker is a point-of-sale platform which provides medical marijuana dispensaries with business management and customer relations software. It is enabling to be more effective the efforts of startups to address the needs of cannabis businesses and dispensaries.
5. New Frontier
The rapid pace of growth attained by the cannabis sector notwithstanding, it continues to be bereft of any data, analytical inputs and market research whatsoever. But the New Frontier startup has taken up this initiative. Guiding trailblazers in emerging markets to make critical decisions based on robust data, it seeks to make this potent plant most famous in the market.
Aiming to capitalise on the medical properties of marijuana by rendering it smarter with technology that blends cannabis research with robotics, artificial intelligence and DNA analysis, PotBot is another breakthrough endeavour. Desktop and mobile apps thus devised can advise patients on the cannabidiol or CBD oil levels and custom strains, for instance, the famous orange kush cannabis strain along with specific administration methods for their various health problems.
This startup has built a 42,000-square-foot-indoor farm in Minnesota which is committed to harvesting cannabis for the medical marijuana market. The company is focused on cultivation, extraction and packaging medical marijuana to cater to the needs of patients in Minnesota and areas around.
8. MJ Freeway
A successfully running cannabis business which boasts of industry-leading software & professional services to all. And perhaps, a cannabis cultivator, infused product producer, or even those operating a marijuana dispensary, all of them should have the tools to fetch maximum dividends and instil a stable business. MJ Freeway caters to this system for the cannabis industry.
9. Hound Labs
It is a scientific device company that has developed patent-pending technology capable of rapidly, accurately, and inexpensively measuring recent marijuana use in a person’s breath. The company’s proprietary approach allows for breath samples to be retained for future analysis of drivers, employees, law enforcement, and employers from wrongful prosecution or job termination.
It claims to be a full immersion business accelerator and seed investment program. Given that it invests $30,000 in up to 10 different cannabis startups two times a year, Gateway has the potential to make the market as a very flexible and aggressive approach to funding budding cannabis-based startups. Thus, it can be the very backbone of all services rendered by the above ventures.
Marijuana has very recently been vindicated of the various misconceptions humans had long held. Thus, it has in its canvas a plethora of unexplored possibilities. And these would not be holistically realised if it is not for the zeal of these innovative startups.