Cannabis Technology News

Synonyms: 
technological
tech
technology
Tue
30
Oct

Eaze co-founder raises $5M for his new B2B cannabis startup

Keith McCarty couldn’t stay out of the booming weed business for long. The co-founder and former chief executive officer of the well-funded marijuana delivery startup Eaze has launched WAYV, a B2B cannabis logistics and compliance platform that delivers inventory to cannabis retailers. Today, the company is announcing its first round of funding, a $5 million seed round led by David Sacks at Craft Ventures.

Mon
29
Oct

A global phenomenon: Australia's cannabis industry is already booming, and here's how startups can get on board

Despite “strong” stigma locally, opportunities are aplenty for founders wanting to take advantage of the fast-growing cannabis market according to Australian entrepreneur and industry expert Saul Kaye.

But if startups want to see success, they’ll need to look beyond the “low-hanging fruit” and devise a way to best integrate their existing expertise into the market, rather than diving into something they have no experience in. These nugs of wisdom come from a founder who’s spent the last five years in Israel, building out his pharmaceutical cannabis brand iCAN and running international cannabis technology conference CannaTech.

Mon
29
Oct

Canada: Technology plays an essential role in marijuana production, distribution and sales

Canada has become the member of the ‘elite’ club of coutries where marijuana is legal for recreational use and as the industry will only grow by leaps and bounds from this point on, there are talks of how technology is playing a big role in this new industry, everything from artificial intelligence in production, to software for supply chain management, to e-commerce sites for distribution and apps to help track usage.

The marijuana earnings pot is a going to be a huge one with sales predictions hovering around the $4-4.5 billion mark by 2021. The kitty is a huge one and technology companies also want a share of this amazing pie.

Fri
26
Oct

Shopify has a piece of the upside on cannabis sales, COO says

Revenue from major players in marijuana sales could be bolstered by investors treating its shares like cannabis stock.

Shopify Inc. has structured contracts with major players in the cannabis industry to “capture the upside” of the nascent legal drug industry in Canada, according to the company’s chief operating officer, Harley Finkelstein.

Finkelstein made the comment Thursday morning on Shopify’s quarterly earnings call with analysts.

“We won’t comment on specific merchants — as we never do — but we will say that in terms of the revenue from them, we have built the contracts to capture the upside of GMV from these provinces and from these private providers,” Finkelstein said.

Fri
26
Oct

This new spray is specially designed to remove the odor of cannabis

Cannabis consumers who love weed but hate the smell should check out LUKY8 - a new odor-eliminator specifically designed to eradicate the smell of cannabis. Prelam Enterprises - the New Brunswick-based company behind Just’a Drop bathroom spray - have launched LUKY8 to coincide with cannabis legalization in Canada, writes Civilized.

Thu
25
Oct

Could crypto be the answer to the cannabis industry’s fundraising problem?

Cryptocurrency has been slated as a perfect match for the cannabis industry. Is it?

There are quite a few things that the cryptocurrency and cannabis industries have in common, and quite a few things that they have to offer one another. Both cryptocurrency and the legal cannabis market are relatively new phenomena in the US; both lack clear regulations, and both have a lot of (perhaps too much) money flowing into them.

Wed
24
Oct

Oregon’s marijuana industry is creating more jobs than its tech sector

Oregon’s marijuana industry is adding more jobs to the economy than the state’s tech industry, albeit at a lower average wage rate.

Since 2007 – the beginning of the Great Recession – the economy of Oregon has added more jobs via the alcohol and marijuana industries than its popular technology sector, according to the state’s Office of Economic Analysis (OEA).

Wed
24
Oct

MGX Minerals announces energy solutions for the cannabis industry

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce  its wholly owned subsidiary ZincNyx En

Wed
24
Oct

A pair of high-profile Stanford scientists wants to use marijuana to treat an entire class of diseases

How good is marijuana at treating inflammation, a condition marked by swelling and redness that's also a cause of an entire class of diseases? Two high-profile Stanford researchers are about to find out. They are specifically exploring CBD, the compound in cannabis that has some medicinal properties and doesn't get you high.

Wed
24
Oct

Evio Labs is ready to capitalize on the increasing demand for cannabis lab testing

The cannabis sector has been under considerable pressure after Canada’s recreational cannabis market opened. Many investors were surprised by this pullback and we are monitoring this decline. Demand for legal cannabis continues to increase as new markets open and existing markets mature. This trend is just getting started and has created countless opportunities for ancillary businesses.

As demand for legal cannabis continues to increase, the need for lab testing services will increase as well. Cannabis must be tested by a third-party laboratory before being approved to sell to consumers and this has created a significant opportunity for companies that provide testing services.

Pages

Subscribe to RSS - Cannabis Technology News