The cannabis industry has grown substantially over recent decades. An increasing number of states have legalized medicinal marijuana, 10 states already allow recreational marijuana, and many other states have legislation in the works that may result in recreational or medicinal cannabis legalization.
While the cannabis industry is continuing to grow, it also faces unique challenges. Cannabis-related products are still illegal on a federal level, and the financial portions of cannabis-oriented operations can be hard to manage. Additionally, as demand increases, supply issues can occur.
Further, since the cannabis industry is still highly controversial, many IT solutions providers have avoided getting involved with businesses in this arena. Similarly, tech creators aren’t focusing on the industry, limiting the development of new products that could help this sector.
As a result, there is a substantial opportunity for tech innovation in the cannabis industry. If you are wondering how new technology could help this fledgling sector, here’s what you need to know.