The cannabis industry’s burgeoning growth, alongside newfound nationwide acceptance, means that cannabis businesses should expect heavy growth over the next few years. New digital retail technology aims to put dispensaries in the customer’s pocket, as an available app in legal states where one can place orders for pickup or delivery, as well as view cannabis selection.
Concentrates, whether dabbed or vaped, have become the most popular items on the legal market. The extraction process is costly for cannabis businesses in terms of time and machinery. This reflects on prices, leading to low returns for a popular product. New Drain Droyd technology allows cannabis businesses to reduce concentrate production time to only half an hour.
Cannabis became illegal in the United states through complicated, expensive tax laws, which effectively kept cannabis businesses from becoming legitimate. Today, dispensaries must jump through regulatory hoops to maintain legality. New seed to sale technology will allow dispensaries to better comply with state laws and regulations by streamlining sales, tracking purchases, and providing digital payment options.
The costs of owning and operating a physical location mean many potential cannabis dispensary owners cannot afford to open shop. Add in state regulations, and costs get even higher. New remote pharmacy kiosks, which offer doctor consult via TV screen, as well as online ordering and pickup, offer immense applications for the cannabis industry.
New cannabis markets appear each year, as states legalize cannabis for medicine and adult use. Alongside new markets come curious, first time cannabis users, who often create long wait times and congestion at new dispensaries. Digital, virtual reality dispensaries will allow patients and customers to stroll inside a virtual weed store. They can learn about available products and preorder, cutting down on wait times.
Cannabis mold testing makes up a large part of regulations on cannabis in legal states like California and Washington, but detection can be tricky. Due to differing practices, moldy cannabis sometimes makes it through inspection unnoticed. New high frequency radio wave tech can remove mold, yeast, and other harmful substances from cannabis buds.
50-70% of all fast food sales were made in drive thrus in 2016, generating some $100 million dollars in sales. Cannabis dispensaries may increase sale efficiency and shorten customer wait times by adopting drive thru options. New drive thru dispensaries unveiled in Florida and Washington will allow owners to better track purchases.
