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The Effects of Big Data and Technology on the Marijuana Industry

SpeedWeed

Big data and technology have become critical to a wide variety of industries in recent years, and the cannabis industry is no exception. Through advanced data collection and the application of sophisticated algorithms, usable data is now available to help marijuana businesses: Predict trends. Met consumer demands. Reduce costs.

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Article: The Effects of Big Data and Technology on the Marijuana Industry

Cannabis Law Report

Let’s take a closer look at five key ways big data and technology are directly impacting the industry. Big Data Streamlines the Marijuana Regulatory Process and Helps Close the Scientific Research Gap. Therefore, the growing marijuana market lacks the clinical data needed to help marijuana businesses create new and better products.

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Lucid Green raises $10 million to bring smart UPC codes to cannabis

Cannabis Law Report

Cultivators and brands can use this barcode to upload and access test results and compliance certifications. Because this happens with one label, Lucid Green says this system eliminates the tedious process of affixing new labels to product packaging. You have a strain component and form factor component.

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Cannabis Testing + Branding = Business Building

Cannabis Law Report

Building the bridge between brands and the marketplace through testing and the importance of good data. As an example, look at the bubble of CBD in the last year to see consumers swooning over science that is yet to be regulated and false or misleading packaging that profligates on shelves across the US.

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Canopy Growth posts CA$1.7 billion annual loss

Cannabis Law Report

.” 1 Unless otherwise indicated, market share data disclosed in this press release is calculated using the Company’s internal proprietary market share tool that utilizes point of sales data supplied by a third-party data provider, government agencies and our own retail store operations across the country.

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Canopy Growth Completes Acquisition of Supreme

Cannabis Law Report

This facility has a proven capability for producing high-quality flower from sought-after strains that have earned Supreme’s brands their loyal consumer followings. 1 Based on Canopy’s internal market share data. Follow the Company on Instagram , Twitter, Facebook , LinkedIn and YouTube. We simply grow better.

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The Woman Behind the Scenes at Cannabis’ Biggest Private Equity Fund

Cannabis Law Report

Merida invests primarily in what some have called the “picks and shovels” of the cannabis industry, but the reality is there are innovations happening in technology and equipment, lab testing, compliance, services or data collection software, production equipment and packaging.