The Cannabis Industry Is Changing

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In examining the current state of the cannabis market, it is clear the use of artificial intelligence technology is not a passing trend but a real opportunity to provide solutions to a pressing market need.

Imagine that you have a day-by-day record of how your plants are reacting to all the different inputs (environmental conditions, nutrient feed, pH, CO2, light spectrum, etc.) and your software is now making millions of calculations to draw insights on what is making a difference to your output. The output may be yield, energy consumption, labor cost, etc., but it may also be modeling what will happen if you change your way of growing.

The access to a vast amount of data, allows growers to optimize for environmental changes and variables and can even change the strain of the product. Growers can even adapt to what CBD or THC levels that they want and change the genetic makeup to consistently produce the types of strains that sell best.

The Medical Cannabis market alone offers more than 30,000 different Marijuana strains, each used to treat a different set of symptoms and concerns. This creates a big confusion both at the buyer side and the dispatcher end. With so many strains available, the purchaser is often at a loss as to which one is best for their specific needs or condition. Artificial Intelligence is useful in using existing data from studies and peer-reviewed journals to match symptoms and ailments to one of the strains available.

Cannabis in everyday items

Innovators are taking up the gauntlet to cultivate this versatile plant for a medley of biodegradable materials including plastic polymersbuilding productsfabricswoodbiofuelpaper and even car components.

It’s not new. The fiber from industrial hemp (Cannabis sativa) has been used for thousands of years to make paper, rope, cloth and fuel.

Hemp is a weed, so it grows prolifically with little water and no pesticides. It takes up relatively little space, produces more pulp per acre than trees, and is biodegradable. Hemp crops even give back by returning nutrients to the soil and sequestering carbon dioxide.

Morris Beegle, co-founder and president of WAFBA (We Are For Better Alternatives) is a staunch advocate of industrial hemp.

Beegle set up his hemp company in 2012 and then launched the NoCo Hemp Expo, which has grown to be the largest in the world.

With a merchandising company called TreeFreeHemp, Beegle produces a vast array of custom products including paper, business cards, flyers, posters, CD and DVD sleeves and more. Drawing from his background in the music industry, he even produces boutique, custom-made guitars, using hemp for the body, straps, picks and volume knobs.

Currently, there are less than a million acres of hemp growing across the planet. Beegle sees this starting to grow exponentially over the next five to 20 years. “I don’t think there’s any way to stop it now.”

The silly CBD products

Sellers around the world are careful not to claim any specific medical benefits for the CBD products because of a lack of clinical evidence, so they are instead marketed as food supplements.

The new CBD products include; CBD water, to cooking or massage oils, pills, chewing gum, transdermal patches, pessaries, gin, beer and lube. The crown for silliest CBD product of the year, however, belongs indisputably to the CBD-infused pillowcases sold by one hopeful firm of US fabric-makers. 

There is now no denying the medicinal value of CBD and THC – not even by several European governments, which for years maintained that lie even as it rubberstamped the cultivation and export of the world’s largest medicinal cannabis crop.

In many cases, the CBD industry is taking consumers for a ride. Lab tests have analysed high-street offerings and found that more than half of the most popular CBD oils sold do not contain the level of CBD promised on the label. And a look at the label of those products shows that many are sold at such low concentrations that even the guesstimated doses, measured in drops, cannot deliver more than a scant few milligrammes of the active ingredient – whereas medical trials use many times more.

Scientists and politicians are, thankfully, catching up with hundreds of years of folk wisdom: it’s not news to anyone who regularly smokes a spliff that cannabis is relaxing, or that it can help you sleep far more soundly than a glass of red wine, or improve your mood. The interplay between THC, CBD, and the hundreds of other active compounds in the cannabis plant could one day be isolated, identified, tested and proven to offer symptomatic help or even a cure for dozens of life-threatening conditions. But decades of pointless prohibition based on specious moral arguments have prevented proper medical research that could have benefited millions.

2 COMMENTS

    • We will also look even more into patenting cannabis and perhaps make a guide for people who wants to have intellectual property rights for their own cannabis strains. We believe cannabis and certain other fruits and vegetables will kick off a CRISPR revolution and make it acceptable to genetically modify cannabis or food. It’s a crazy world and it’s changing fast right now…

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