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The legalization of cannabis and its usage has not yet been accepted by many nations, and the transactions made in exchange for the products are considered to be extremely illegal.
Fremont, CA: Cannabis products have received increased attention from universities, industries and research foundations following a brief period of prohibition and stringent control over its use and circulation. Several industry sectors such as biofuels, green building, bio plastics and pharmaceuticals find a greater application of these when compared to the traditional ones such as the paper, textile and food industries. Consumers of the product are able to provide the necessary feedback and to identify the position of the product in the market following the regulations of the government. Technology based cannabis market can grow in the following directions Online market transactions The development of dedicated apps allows the user to choose from and order the required products through personalized apps and platforms. Several nations have legalized the use of cannabis, and developers and technicians are working on creating apps and augmented reality systems that could enhance the shopping experience of customers. Employees of the organization should be familiar with the complexity and working nature of the products, as there are numerous legal restrictions and complexities surrounding the products. Online educational platforms can provide the necessary awareness and knowledge to the customers about the dosage and physical effects of the products. Consumption methods Consumption techniques and modes have taken a new toll as customers tend to adapt to vaping devices, transdermal patches and dosed inhalers over recent years. Technological advancement has made users adapt to several out-of-the-box practices. Prescribing cannabis products by physicians according to the medical conditions of the users can be a possible scenario in the near future as they may be available in the form of small gels or capsules which can be easily consumed. Cultivation practices Technical assistance in cultivating cannabis both outdoors and indoors can be provided to ensure its proper growth and harvest. Specialized equipment can track the plant and can provide sufficient care and nutrition for its growth. Planting the seed to harvesting its product is automated and under the complete guidance of the AI-induced system, which monitors the growth process. Block chain development process The legalization of cannabis and its usage has not yet been accepted by many nations, and the transactions made in exchange for the products are considered to be extremely illegal. Transactions are being carried out by the use of crypto currencies for carrying out the purchase of goods and services. The induction of technology is revolutionizing the industry, and the daily revenue generation due to legal restraints is stream lined into the block chain currencies.