Since the acceptance of CBD worldwide, numerous changes are already taking place in the CBD industry, and more are yet to come.
These changes have improved the demand for CBD and helped boost the industry’s growth altogether. More people have taken up hemp and cannabis growing to produce CBD products.
With many more nations allowing recreational and medical marijuana, the market for these products is assured. And due to this type of motivation, there has been a transformation in the CBD industry as more people get interested in the offered products.
Technology has also begun to play a vital role in the CBD industry. It’s contributing to the positive advancement of the CBD as an industry in several ways. Here are some unique ways technology has improved and is shaping this emerging industry.
The CBD industry achieved immense growth to the point where it’s possible to get personalized products for consumers easily. Personalized products aim to offer each consumer a tailed experience when they use them. This is all thanks to technology.
What works for one person may not necessarily be effective for another, and that’s why there are various CBD products such as tinctures, sprays, oils, and edibles. For instance, you may find consumers who prefer to take CBD and THC-infused gummies for a relaxed and euphoric experience.
Thanks To Technology, Extraction of CBD Is Far Better
According to research, the CBD market in the United States will reach the $20 billion mark by 2024. While several factors could contribute to this growth, one of the most obvious ones is better extracting CBD today.
People no longer use the old techniques to get the purest forms of CBD. Some of the methods of extraction used to contribute to the purity of the final CBD product such as tinctures, oils, and capsules.
One of the most reliable means of extracting CBD is supercritical CO2 extraction. This improved technique is used to get CBD from hemp. Being one of the most advanced techniques used, it’s also clean, quick, and safe.
It’s an affordable and simple method of extracting CBD oils from cannabis. A lot of companies prefer it as it makes sense and is effective. This is partly why many producers have widely adopted this technique.
Cannabis Growing Lights
To grow cannabis, you need enough light. While it may be easy for anyone growing it in warmer, tropical climates, it’s not so much for anyone growing it indoors or in unfavorable environments. This is where artificial lights come in.
Using these lights can be expensive because the equipment needed and the electricity bill are costly.
Fortunately, thanks to technology, these growing lights consume half of what they used to and don’t cost a small fortune. The use of LED lighting to grow cannabis means farmers can invest more sustainably and affordably to light their plants all year round.
LED bulbs are great because they give out the right light spectrum without emitting too much heat. With LED bulbs, you can also control the temperatures.
These growing lights have made the cannabis world much better for farmers and other stakeholders and ensure a continuous supply of CBD products.
CBD products have low bioavailability (the body can absorb more of it into the bloodstream), but it increases through nanoencapsulation. The human body removes 80 to 90 % of the CBD one uses. This is mainly because CBD is primarily available in oil forms, and it’s also not water-soluble. Here you can go through THC infused gummies.
Through nanoencapsulation, the absorption level improves by breaking down CBD molecules into smaller, easily absorbable particles and increasing CBD’s bioavailability in the body.
Improved Market Research and Data Collection
The growth of the CBD industry is guaranteed to some extent, thanks to continued ongoing research.
Most Cannabis companies have invested vast amounts of money in big data, which means they can quickly get information relevant to them and their growth. Such information helps make marketing decisions and actual sales.
It also means that industry players can invest in targeted marketing and branding to remain relevant amid stiff competition.
Manufacturers and growers can also get the proper production techniques thanks to the latest practical innovations. It’s no surprise that companies use AI and Big Data to make headway in the CBD space.
Efficient Banking and Tracking
The ability to track CBD products from the seed stage to where it was extracted makes it relatively easy to verify and guarantee high levels of quality. This makes it much easier to ascertain the CBD products’ quality today, in a world full of counterfeit CBD products.
Besides, CBD products can be tracked and found thanks to tracking software used today, especially if they don’t reach their destination.
The banking system for the CBD industry has never seen a greater period. Due to complicated legality issues, getting loans was a hurdle for many CBD manufacturers, but now, systems like cryptocurrency have resolved these banking issues.
Similar to other industries, the CBD and hemp industry is in a continuous state of transformation thanks to new technologies. Tech advancements such as artificial intelligence to innovation-driven farming practices continue to influence the CBD industry in various ways, and the future looks even more promising.