Without a doubt, the CBD manufacturing sector is one of the fastest rising in the world and it is not going to slow down anytime soon. Numerous CBD products such as hemp pre-rolls, CBD oils and tinctures, CBD vapes, and more are selling by the millions. This explains why CBD stakeholders are flocking the industry in droves looking for investment opportunities.
The future of the CBD industry, just like any industry that’s looking to thrive and not just survive, rests in technological innovation. The CBD industry is already accelerating at an alarming rate despite years of opposition from federal and state governments in the past. As the CBD industry continues to explode, it will require more advanced technology to boost its production.
Innovation in the technology sector will also go a long way in helping to improve costs so that the industry can keep meeting the consumers’ needs. As the technology keeps progressing, it will also allow manufacturers of CBD products to increase their products and offerings, further increasing business opportunities in the market.
The good news is that the CBD sector is always looking for ways to expand. As a result, it is constantly collaborating with researchers and technology producers that can help them expand. Some of these innovations in the CBD manufacturing world that you should know include:
Agricultural technology
The rise of cannabis usage over the last few years has dramatically increased the availability as well as the demand for CBD products. Agricultural technology has paved the way for the more efficient production of CBD products. CBD growers are also doing their best to re-imagine the farming landscape as a means of improving the productivity of the cannabis plant.
Examples of farming technology that cannabis growers are using include advanced smart lighting technology. Thanks to this technology, cannabis growers can connect their indoor growing lights to cloud-based technology for enhanced effectiveness. With smart lighting, growers can remotely control their lighting cycles based on the different stages that the plants may be in.
When cultivators are able to control the different growth settings and environments, the final product is not just higher yields, but also higher quality plants with improved potency levels. Another example of smart technology usage for cannabis growing is the use of drones for crop management.
With drones, cannabis farmers can manage their data, scan their soil and things of that nature through the Internet of Things technologies or (IoT). Through such technologies, farmers can keep track of the exact variations used within a farm to affect the quality and the quantity of the produce.
Artificial intelligence in the CBD sector
Various sectors around the world are utilizing AI or Artificial Intelligence to improve their operational costs and resources in the best possible way and the CBD sector is no exception. Cannabis growers and producers of CBD products utilize AI tools for various purposes including marketing, production, research, as well as product delivery.
For example, producers and sellers of CBD products utilize AI to collect insights about their target audience through machine learning, big data, and other data collecting processes. Collecting insights allows CBD sellers to market more effectively to the customers that they hope to reach, thus increasing their profit margins considerably.
AI-powered technology is also utilized often to assist agricultural production of both cannabis and hemp plants, from which CBD is extracted. AI-powered technology is used to automate systems that the farmers use including light and environment controls or irrigation systems. AI has also played a significant role in supporting Biotech firms to carry out research quickly and successfully.
The use of high extraction technology
For CBD products to meet the standards established by the Food and Drug Administration, they must not contain more than 0.3% of THC. The High extraction technology available today is allowing CBD manufacturers to create high-quality products that meet the FDA’s super strict standards without affecting the potency or the purity of the products released in the market.
Every CBD manufacturer, at least the best ones, are has always been concerned about creating the purest and most potent products available. That’s why they are all choosing the most popular and most advanced extraction techniques for extraction such as the supercritical CO2 extraction technology.
Regarded as the most highly sought-after extraction method in the market, the supercritical CO2 extraction process has numerous benefits especially when it comes to CBD oil production. Because of this system, the solvent that’s produced after extraction doesn’t have any residue thus making CBD oil much safer for application as well as consumption.
It is because of this complex supercritical CO2 extraction process that manufacturers are able to produce CBD products with only hints of CBD, thus meeting the FDA’s rigorous standards of quality and safety.
Blockchain and cryptocurrency use
Blockchain and cryptocurrencies are changing the way the world conducts business and the CBD industry is never one to be left behind as it regards innovation. Cryptocurrencies such as Ethereum and Bitcoin are making payment processes and systems a lot more transparent and safer. Every industry from casinos to healthcare is looking for ways to increase its cryptocurrency use.
There are already several cryptocurrencies in the market that are focused primarily on the CBD sector such as HempCoin, Cannabium, and SWX Coin. With such CBD-focused currencies, more and more people have been able to invest in the CBD market further fueling its growth. These cryptocurrencies promise higher levels of security and privacy, which is a huge plus for anyone worried about federal regulation issues.
Final Thoughts
As the CBD industry transitions from a little-known one to one of the most highly lucrative sectors in the world, technological innovation will keep playing a crucial part. New and advanced technology are the only things that will fuel the development of the burgeoning industry. The good news is that there is no shortage of innovative technologies to choose from now or in the future which makes the industry well placed for continued development.
