By DEBORAH D’SOUZA Updated Apr 8, 2021
“…Since the explosion of marijuana products is almost certain, experts are now wondering what the industry might look like. Will large corporations come to dominate it and flood the market with a cheap and generic product? Ryan Stoa, a professor of law at Concordia University and the author of “Craft Weed: Family Farming and the Future of the Marijuana Industry” told The Verge this will be difficult because of the variety of strains available. Another factor he discussed was the consumer base’s interest in locally-made or locally-produced artisanal products…”
“…Technology is also shaping the industry. Weed delivery company Eaze has raised $37 million and is reportedly valued at $300 million. It recently announced it is creating a platform to ship CBD products to 41 states.16 On-demand marijuana and cannabis delivery service Dutchie raised $3 million in 2018 from the venture capital firms of rapper Snoop Dogg and basketball player Kevin Durant among others.17
Expect to hear words like machine learning, automation, and blockchain used in relation to marijuana more often as well. MTrac promises to solve the industry’s banking problems. Bloom Automation is building robots to trim and process cannabis…”