Skip to content

#NOTJUSTVAPOR

NEWSLETTER

Want to stay in the loop on the latest from the world of cannabis vaping? This is the place to do it!

Please enable JavaScript in your browser to complete this form.
May 21, 2018

Cannabis Trends: Leveraging Data in Cannabis

 


Every major industry in America leverages data as a predictive tool for cost-effective decisions. In 2017, several cannabis tech companies have created impressive offerings that harness the power of big data and apply it to the cannabis industry by capturing user/patient demographics and analyzing market trends to create sophisticated predictive models. Leading data platforms include the likes of Headset Cannabis Intelligence and 502 Data, which record marijuana taxes and sales for recreational stores in Washington State.

With a recent study suggesting that the U.S legal cannabis market will approach a $25B market cap within the next 7 years, industry experts are exploring even more use cases for these technologies while investors are more aggressively targeting them than ever before.  For instance, tools like BDS Analytics, which just raised $3.5M, provide even more granular insights in the spending habits and psychology of customers using previously classified dispensary sales data.  Strainprint Technologies, which also just raised $3M, uses a ‘mobile patient journal’ to empower medical cannabis users to better understand efficacy and proper use of new strain types used in experimental studies.  Other solutions like Braingrid allow strain cultivators to use meteorological data to better manage their harvest and identify the optimal growing conditions necessary in order to yield maximum output.

Image Source: digipathlabs

May 21, 2018

Cannabis Trends: Leveraging Data in Cannabis

 


Every major industry in America leverages data as a predictive tool for cost-effective decisions. In 2017, several cannabis tech companies have created impressive offerings that harness the power of big data and apply it to the cannabis industry by capturing user/patient demographics and analyzing market trends to create sophisticated predictive models. Leading data platforms include the likes of Headset Cannabis Intelligence and 502 Data, which record marijuana taxes and sales for recreational stores in Washington State.

With a recent study suggesting that the U.S legal cannabis market will approach a $25B market cap within the next 7 years, industry experts are exploring even more use cases for these technologies while investors are more aggressively targeting them than ever before.  For instance, tools like BDS Analytics, which just raised $3.5M, provide even more granular insights in the spending habits and psychology of customers using previously classified dispensary sales data.  Strainprint Technologies, which also just raised $3M, uses a ‘mobile patient journal’ to empower medical cannabis users to better understand efficacy and proper use of new strain types used in experimental studies.  Other solutions like Braingrid allow strain cultivators to use meteorological data to better manage their harvest and identify the optimal growing conditions necessary in order to yield maximum output.

Image Source: digipathlabs

#NOTJUSTVAPOR

NEWSLETTER

Want to stay in the loop on the latest from the world of cannabis vaping? This is the place to do it!

X

SHOP

EXPLORE

CONNECT

CUSTOMER SERVICE

+1 212 879 2329

E-MAIL BY DEPARTMENT

Copyright © 2023 The Blinc Group, Inc. All rights reserved.