Tech company Zuna, a leading provider of integrated solutions for cannabis manufacturers, recently launched its latest product, RADIX.
A real game-changer in the industry, RADIX is a combination of the latest technological advances that include a suite of products such as Artificial Intelligence (AI), Augmented Reality (AR), machine learning and Internet of Things (IoT).
The product will give an edge for the management solutions of cannabis manufacturers—making their CBD oil products more compliant to the state regulations of various countries around the world as well as more competitive in the legal cannabis industry.
Zuna is also introducing their Platinum Maintenance and Support, as part of its Suite RADIX product, as a support service for the software—it is available to the customers of RADIX, 24 hours a day, seven days a week.
Some state regulations in the United States of America are stringent when it comes to compliance policies for CBD oil and cannabis product manufacturers. Zuna’s high-tech product suite is highly compliant, including its support service platform. This will be a big boost for CBD oil companies in terms of efficiency, productivity, profitability, and morale for manufacturers.
RADIX is an easy to use platform that increases efficiency and productivity by simplifying decision-making, provides efficient and safe support and more environment-friendly operations, and increased profitability. Zuna also sells the products as a standalone aside from being sold as a suite.
The RADIX product suite includes hi-tech remote plant monitoring sensors and compliant cloud-based Enterprise Resource Planning (ERP) and POS platforms for automating operations within vertically-integrated companies.
The Medical CBD Oil Industry
Many of us know that the cannabis industry, especially the CBD oil manufacturing, is fast becoming big business. For instance, American consumer spending has surpassed $10 billion for the first time in history. It is projected to increase by $23 billion by 2022. Investments have also increased to $13.8 billion compared to $3.6 billion the previous year.
Also, about 33 states in the U.S. have legalised the medical cannabis programme, while ten states have legalised cannabis for adult use. Other states are also considering legalising the cannabis industry, and debates are continuing even in Congress, making the future of the sector brighter.
Because of these developments, many are considering getting into the business whether be it in farming and cultivating cannabis plants, extracting oil from its hemp and turning them into medical products, or starting support role businesses, especially on technology. Opportunities are everywhere for the industry, and the market is just waiting and growing.
Basically, the industry can be divided into two categories: 1) cultivators, which do the growing, and, 2) dispensaries, which do the selling. Aside from these two, others who take on the supporting role, such as the laboratories who do the product testing, value-added manufacturers, attorneys, marketers, to industry-specific data platforms.
The cultivators are the plant-touching businesses that handle the farming, distributing, processing and selling of the products. They are subject to the strictest regulations and must navigate complicated licensing processes.
On the other hand, ancillary businesses are the ones supporting the growth of the industry in the processing and sale of cannabis products. These are the data platforms, agri-tech companies, point-of-sale systems, payment processors, digital marketers, accountants, and many more.
High Demand for CBD Oil Making Hemp the Cannabis Crop Cash
As everyone is hitching the bandwagon in the booming CBD business after its legalisation in most countries and states in America, even alcohol company giants are setting up shops to develop “weed” beer. Although medical access to cannabis is expanding, marijuana is still banned in most countries for recreational use. Thus, manufacturers turned their attention to marijuana’s less regulated cousin—Hemp.
The Difference Between Marijuana and Hemp
Marijuana contains THC or Tetrahydrocannabinol, the chemical in the plant that produces a “high” while its cousin—Hemp, contains Cannabidiol, a non-intoxicating compound. Cannabidiol is used in producing CBD oil products. It is well-regulated in most countries and states in the U.S. Hemp and Marijuana are both types of cannabis, although Hemp has fewer restrictions because it has lower levels of THC.
As many of us know, Hemp is a plant variety of cannabis in which its fibres are used in the manufacture of textiles and rope and can even be grown in countries with the strictest laws and regulations because it is different compared to the marijuana plant and has minimal content in THC. What businesses are after is its unique characteristic: a higher concentration of cannabidiol, or CBD, a non-psychoactive chemical at the centre of wellness and health trend.
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