Last week, on the first of April, you could see the latest cannabis industry innovations coming out of Israel at the Cannatech Tel Aviv conference in the city’s port compound. From IoT* growing solutions to CBD creams and terpene-infused rolling papers. Cannabis entrepreneurs came from around the globe to meet and find the next great thing. I haven’t noticed any unusual new products yet this year, but it was great to see progress with some of the “older” companies. I share with you here three products that I think will be part of our green future.
Seedo, the self-contained grow box, is no doubt one of the most disruptive growing devices on the market today. I would love to get my hands on one of these babies. The problem is that it cost $3,000 and the estimated delivery time is August 2019. So it’s obvious that Seedo will grow your weed, but more than that, it will monitor your plant and let you see photos of it on your mobile phone from anywhere. The locks are controlled from an app on your phone so that you can keep it away from children and other unwanted sneaky noses. Also, it is smell-proof, so no worries on that end. The future of this product depends on the users. Will people grow their own weed at home or go out to the nearest dispensary to buy some
The next company is not as unique but still has a bright future ahead. Abacus Health Products, a subsidiary of Aidance Scientific, produces CBD creams. I know this doesn’t sound special and you’ve heard about at least 20 other companies that do this. What you haven’t heard about is a CBD cream with FDA approval that will be sold on the shelf at CVS! F***ing CVS, this is a huge step for the whole industry. I have to admit that I was skeptical about this product, but after trying it out, I can say that it works. What lies ahead for CBD products is not clear yet, but it seems that Abacus has it figured out.
Lastly, Reagencis is not as glamorous as the other two companies, but they may have the most significant impact if they make it. Reagenics grows cannabis in a plant cell bioreactor, and though I have no actual idea what a bioreactor is, I do recognize the benefits. Reagenics offers solutions for a few problems in the cannabis industry. First of all, it provides a wholly controlled growing environment, so no pests and no pesticides, and most importantly, we will be able to standardize the plants. The yield will be higher per plant, so less land will be used to grow. And the most significant difference will be that it will be cheaper than growing traditionally, Reagenics claims.
Even if these three companies don’t succeed, others will take their place. The products I present here show the trends in the industry today and what we can expect in the future.
*IoT – Internet of things, refers to products that are connected to the internet as smart watches, cars, and many more.