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.
Taur, a high-tech electric scooter that was funded via Kickstarter
Taur, a new electric scooter that was funded through a crowdfunding campaign on Kickstarter can now be purchased for $1.106...
V recovery versus K recovery: what is it going to be?
The markets continue to trace out what could prove to be an important top. There are no sell signals yet,...
Gold & Dow Jones’ step sum symmetry
Like the Dow Jones, gold too is range bound between its BEV Zero and BEV -10% lines below. This is...
Alibaba’s fintech branch goes public after receiving the permission
Ant received this Wednesday, October 21st the permission from the China Securities Regulatory Commission. The jump to the stock market...
Roche signs its new diabetes business manager in Spain to Isdin
The company Roche Diabetes Care Spain, part of the Swiss pharmaceutical group, has appointed Josep Maria Vallmajó to hold the...
Africa7 days ago
Why countries in southern Africa could become leaders in the cannabis sector
Featured6 days ago
B2B only: Spotcap sells credit business to Ferratum
Business7 days ago
Hot junior miner Rockridge Resources goes all-in at the Raney Gold Project
Business7 days ago
How to market your business during and after the pandemic