Technology and CBD Industry- 4 Amazing Things You Must Know
CBD is a hot topic in the health industry. On one side it has made a broad spectrum of users who prefer CBD over any other herbal supplement, on the other side it’s giving opportunities to the business establishment as well. There are multiple CBD products like effective CBD vape pens, gummies, oil tinctures, and many more which have given the flexibility to ingest it. With a variety of products and a number of users, marketing competition is also high in the CBD industry.
There are those who characterize the CBD industry as the contemporary gold that exceeds all expectations. It is projected that by 2024, the CBD industry would really exceed $20 billion since it will reach businesses such as food and drinks, medicines, cosmetics, and pet care. CBD for insomnia is a popular benefit people get from CBD. If we look at how in recent years the market has transformed, these figures appear extremely reasonable.
As country after country begins to study the legality of medical cannabis usage, https://goldbee.com/cbd-dosage/ found that the US market in CBD increased by 706 percent in 2019. This is due to the congress passing and signing into law the Agricultural Improvement Act in 2018 which removed hemp from the federal Controlled Substances Act but, some states disagree. For example, CBD in California is fully legal, whereas CBD sale and use in Idaho has to meet certain criteria, virtually making it illegal.
Of course, we still have a long way to go before medical cannabis becomes lawful around the world, but CBD can be lawfully used without any psychoactive effects. Let’s see how technology is giving benefits to the CBD industry.
1. LED lights and cost-effectiveness
Cannabis plants are highly costly and difficult to produce, mainly because a particular type of light is needed to make them grow properly. This is typically not a problem in warm climates, since the plant may obtain all its light from the sun. However, firms that cultivate indoor plants have to invest in some costly equipment. These bulbs also waste a lot of power, apart from being extremely pricey.
Fortunately, the answer — LED lights – is more cost-effective and ecological. Yes, LED lights are not only for domestic usage; they may also aid producers of hemp or cannabis.
The future of every sector will soon be big data, and CBD is no exception. The CBD industry may learn to enhance their goods to make them more attractive and useful to consumers by accessing important information concerning their product use, customer preferences, and buying behaviors.
2. Artificial intelligence
Producers, researchers, and sellers are able to access a large amount of data with the aid of Artificial Intelligence, which they may evaluate for both business and scientific reasons. More information will be available on CBD usage and firms may get precious insight into rivals, making marketing, sales, and branding choices in a more informed way.
CBD products may be rather expensive, though, because it is a long and expensive method to do so. The CO2 extraction procedure is one of the most challenging things in producing CBD. Experts utilize a rosin press for optimal delivery that warms and cools the product extremely quickly. It can make some improvements while the therapy is successful.
A conventional rosin press is pressing for 1.000 pounds, but a firm in Los Angeles is building an almost double-pressure rosin press. They believe it can double the output of CBD by applying 1,900 pounds of pressure.
Every individual is different, which means that 5mg CBD probably will not affect two people. This is because of our distinct biochemistry, which makes some substances processed differently. But because people react to CBD in different ways, finding the proper sort of product makes it challenging for them. For some, CBD oil can work wonders while for others, the effects of the pre-rolls can only be felt.
This is all possible with CBD products customized to biological requirements. CBD firms may produce personalized solutions for maximizing efficiency by understanding how a person’s body reacts to different cannabinoids.
3. Increase in bioavailability
The fact that CBD products are low in bioavailability is one of the biggest challenges. In fact, when eaten, just 20 percent of the CBD absorbed reaches the blood. In other words, CBD is essentially oil that renders it water-insoluble. It is known that goods based on water are more bioavailable, so they get absorbed into the circulation faster, but CBD can’t be added to most liquid products, as it won’t be combined with them.
However, CBD may be water-soluble by nanoencapsulation and many additional types of products can be introduced. CBD encapsulation will also boost bioavailability and efficiency.
4. Advancement in the blockchain
Consumers are interested in knowing what is in CBD products, yet firms sometimes deliberately disclose information. CBD products may be linked to manufacturers and producers using blockchain technology and make useful information publicly available.
We could know where, when, and how the hemp plants were cultivated, how they were treated, and what the goods include exactly.
As the popularity of CBD products spreads widely, one cannot help but notice something which continually transforms the industry, as we know it – technology. So why would the CBD industry be in another way if you come to think about it? This is the technology in many other areas.
If you want to witness how technology transforms the CBD industry, don’t look anymore. Below are the main ways in which technology transforms the CBD business for the better.