MJ Freeway Leads the Charge in the Exploding Cannabis Tech Market

The legal cannabis business has already exploded, bringing in over $7 billion in 2016. By 2025, the total market is expected to be worth over $24 billion. As the legal market grows, many service companies are providing unique solutions to meet the demands of these growing cannabis companies. Just like any other growing sector, cannabis startups and businesses need enterprise solutions to scale their growth. Entrepreneurs who are looking to get into the cannabis boom should look into the opportunities for growth. As a result, the cannabis tech market is leading the way to support the growth of cannabis companies. Read on to learn about how certain companies are driving growth in this explosive market.

Cannabis Technology Consulting Services

At MJ Freeway, industry experts offer consulting services to set up cannabis businesses. If you are new to the market, you can hire consultants who have worked in all of the market verticals from cultivation to retail. Of course, every new business can take time to scale and grow. In the early stages, it can take plenty of time and resources to scale the business. In order to avoid mistakes and expedite this process, you can hire consultants to provide the operational and technical knowledge to jumpstart a successful company. A cannabis consulting service can help you implement proven strategies and technologies that are leading the way for growth in the cannabis industry.

Biotechnology Testing Companies

As the product offerings of cannabis companies expand, they are investing in technology to test product lines. In response, biotech companies are using their expertise, combined with modern day science, to test products in detail. For example, these services include testing for potency, microbes, and terpenes. By testing cannabis products using biotechnology, companies can ensure product quality and consistency. Moreover, this technology can be used to improve the development of new products or how the current products are produced. As growers, sellers and consumers become aware of the benefits of biotechnological testing, the demand will continue to increase for well-tested cannabis.

Advanced Dispensary POS Software

Companies like MJ Freeway offer point-of-sale software build specifically for dispensaries. This makes is easier to manage the entire process from growing to selling. An advanced POS system can help any business improve its margins by tracking costs, sales, and profits, contributing to the cannabis boom. Moreover, these types of cannabis POS systems integrate with other API platforms and give businesses full flexibility. As an example, a startup team can access the POS software using all types of devices, from iPads to desktops. With the easy integration with multiple platforms and access from most devices, these POS systems are leading the way for sales in the cannabis industry.

Marijuana Grow Software

In the cannabis industry, grow production can yield higher revenues with lower costs by using marijuana grow software. You can manage genetics, yields, growth progress and required tasks. Then, this innovative technology creates reports and data based on each seed that is planted for growth. When integrated with a POS and other cannabis software, you can get the full picture of the data visualizations and reports to take action for increased yields. Surely, a well-developed marijuana grow software could make your cannabis business more productive and profitable.

Virtual Reality-Based Dispensary

Next, weed companies have created a virtual reality experience for buying cannabis. It allows you to enter a virtual dispensary to try about different product lines for various cannabis health benefits. This is based on actual stock and inventory so that consumers can buy virtually, and have it delivered to their physical location. This would allow your customers to inspect your products before making a purchase. They can actually visit your location virtually rather than in person. As a result, the cannabis industry is finding new ways to make the buying and delivery process easier than ever.

Entrepreneurs in the cannabis business have many technologies that can create a successful business. Many tech companies are working to support the success of dispensary businesses. They are offering consulting services, biotechnology testing services, POS systems, grow software and virtual reality shops. Leveraging all of this technology, you can start your own dispensary business to get in on this explosive market.