The cannabis industry is bigger than it has ever been before. It reached its current state in such a small amount of time that companies and consumers were obviously taken by surprise. The good thing is that its growth has created a ton of opportunities for everyone else in the field. The bad thing is that there are a ton of challenges that come with it as well.
One of the immediate upsides to the legalization of marijuana is the number of jobs it can create. When the ban on recreational marijuana was officially lifted in October in Canada, people immediately began searching for marijuana-related jobs online, says Global News Canada. In total, the searches spiked by 33 percent in a single day. Even better was the fact that there were countless jobs waiting for them. From growers to retailers, Canada’s cannabis industry was in need of a huge workforce to support the growing demand.
Behind the opportunities, however, are heavy production woes that have been affecting Canada since October. It was apparent the nation was not well-prepared for the massive demand in recreational marijuana. Stores began running out of products to sell the moment they opened. In the end, many retailers were unable to keep up until a few weeks after.
Production woes in the cannabis industry
Much of the industry’s issues were addressed during October’s Canadian Greenhouse Conference. GGS Structures President Leigh Coulter says that growers are seeing a lot of opportunities to enter the new market. “It is easy for people to get caught up in the current legalization fever, but it’s also important to remember that cannabis is not a new crop,” he says.
While the potential for mass production in the U.S. and in Canada is strong because of the farmers who are interested in the market, there is still a huge concern when it comes to what they can actually produce. Although marijuana is not exactly a new crop, there are very few who have in-depth knowledge when it comes to growing it. Luckily, there are many technologies that can help even out the issues.
Companies like Smart Cannabis Corp. (OTCMKTS:SCNA) are deep into the cannabis industry but instead of being massive producers, they help the industry grow through the development of farming technologies. Smart Cannabis Corp.’s technologies have been proven and tested to boost and maintain production rates throughout the year.
It recently announced the SMART Micro Boiler which will be a massive help to growers situated in the Northern region of the U.S. and in Canada. It will help farmers yield consistent results year-round, even during cold temperatures. If partnered with the SMART Soil Heater, growers will be able to increase the output even more. These technologies are also compatible with the company’s dedicated app.
Farmers will need to learn a lot about growing cannabis if they want to succeed in the industry. There are just as many opportunities as there are concerns and the use of technologies and other techniques are a must have to lessen the risks.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
Bitcoin News: El Salvador Residents Protest Against Bitcoin
Already after the announcement to introduce Bitcoin as a means of payment, the first opinion polls in the country showed...
About $4.5 Million to Facilitate Access to the Dry Port of Bobo-Dioulasso
The launch of the project to rehabilitate, develop and asphalt the access roads to the dry port of Bobo-Dioulasso and...
A Look at the Periods of Extreme Market Volatility
One theme I’m constantly dwelling on is; NYSE bull markets are quiet markets, same for the NASDAQ. That’s not saying...
Is Augmented Reality (AR) the Best Thing to Happen to Education? Yes, it is!
Augmented Reality has arrived with much fanfare, particularly in the educational market. However, prior experience has shown that technology doesn’t...
Why Gold Continues to Struggle
Market just continues on higher with more new all-time highs. Risk stocks continue to rise. Even the DJI eked out...
Crypto7 days ago
Canada Continues to Embrace Cryptocurrencies
Africa7 days ago
Grifols Continues to Grow in Africa and Will Build a Plant in Nigeria
Featured6 days ago
Valsabbina Bank Invests in BorsadelCredito, Fintech Platform Leader in P2P Lending to SMEs
Featured7 days ago
Rice Futures Had a Good Week