Higher Tech: The Geeks Are Taking Over the Cannabis Industry

Cannabis is one of the world’s fastest-growing industries, currently worth $7.2 billion and projected to be valued at $20.5 billion by 2020, while creating nearly 300,000 new jobs. Those numbers, from the marijuana-business data firm New Frontier, have made the tech world sit up and take notice: They’ve been cited everywhere from Wired to Fortune to PC Magazine, in articles encouraging geeks and suits to launch or invest in startups serving the upstart industry.

Last October, when Richard Branson keynoted the New West Summit 2.0—billed as “the first conference to focus exclusively on the game-changing, disruptive developments in technology, investment and media within the cannabis space”—he told the crowd of more than 1,000 gathered in San Francisco that cannabis “has enormous potential, with the ability to do a lot of good.”

The New West Summit 2.0 was an important event in the evolution of cannabis, because, as Harborside Health Center founder and CEO Steve DeAngelo explained to CNET, “this plant has been illegal and underground since the invention of technology.”

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UK to Open First Publicly Available Dedicated Cannabis Research Facility

For a change, let’s hear some good news from the United Kingdom after a month that saw two terrorist attacks and now a tragic apartment fire in London where casualties are mounting as we speak.

The good news is that cannabinoid biotechnology company MediPen Ltd. is launching its own dedicated marijuana research facility this summer, and it will provide a platform for anyone looking to utilize its 1,800 square-foot facilities for the purposes of innovation in the area of medicinal cannabis.

As the first biotechnology company to develop a vapor product, MediPen Ltd. has already enjoyed success selling their non-psychoactive CBD vaporizers, which are currently in the process of securing a license from the British Home Office.

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The Future of Cannatech: 3 Dank Innovations to Bet On

Photo by Vortex Farmacy.

This piece was co-created by Michelle Janikian and Catherine Goldberg.  

Technology and cannabis go together like cookies and milk. Or, since I’m writing this from LA, like Girl Scout Cookies and Soylent.

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