{"id":8491,"date":"2018-01-23T20:56:40","date_gmt":"2018-01-23T20:56:40","guid":{"rendered":"https:\/\/www.uruit.com\/blog\/?p=8491"},"modified":"2023-05-31T01:51:54","modified_gmt":"2023-05-31T04:51:54","slug":"cannabis-tech-industry","status":"publish","type":"post","link":"https:\/\/uruit.com\/blog\/cannabis-tech-industry\/","title":{"rendered":"Getting to Know the Cannabis Tech Industry"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-1\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/uruit.com\/blog\/cannabis-tech-industry\/#Getting_to_Know_the_Cannabis_Tech_Industry\" title=\"Getting to Know the Cannabis Tech Industry\">Getting to Know the Cannabis Tech Industry<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/uruit.com\/blog\/cannabis-tech-industry\/#The_Future_of_Cannabis\" title=\"The Future of Cannabis\">The Future of Cannabis<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/uruit.com\/blog\/cannabis-tech-industry\/#Cannabis_tech_opportunities\" title=\"Cannabis tech opportunities\">Cannabis tech opportunities<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/uruit.com\/blog\/cannabis-tech-industry\/#Our_own_experience\" title=\"Our own experience \">Our own experience <\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/uruit.com\/blog\/cannabis-tech-industry\/#Our_learning_points\" title=\"Our learning points\">Our learning points<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Getting_to_Know_the_Cannabis_Tech_Industry\"><\/span><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Getting to Know the Cannabis Tech Industry&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15231,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16777215},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;9&quot;:0,&quot;11&quot;:3,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:11}\">Getting to Know the Cannabis Tech Industry<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span style=\"font-weight: 400;\">To be up to date with the US, our primary market, <a href=\"https:\/\/uruit.com\/blog\/uruit-travel-to-the-customer-a-key-ingredient-for-a-successful-development-project\/\">our commercial team is always on the road<\/a>! One of our goals is to stay ahead of the curve, following trends in the software development market. That\u2019s why we visit the country very often. Every time we organize a business trip, <a href=\"https:\/\/uruit.com\/blog\/picking-tech-conferences\/\">we look for events and other opportunities to meet people and connect with potential partners<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For some time now we\u2019ve been checking out news about the different states that are embracing cannabis legalization, like how Uruguay did in the past. Recently, California\u2019s legalization process has fostered new information and opportunities. In fact, during my last trip to the US, I participated in a meetup that united all kinds of professionals; <\/span><a href=\"https:\/\/www.eventbrite.com\/e\/blunt-talk-the-future-of-cannabis-hitman-coffee-shop-tickets-38694668796#\" class=\"external\" rel=\"nofollow\">\u201cBlunt Talk: The Future of Cannabis\u201d<\/a><span style=\"font-weight: 400;\"> is a series of events that take place around California to spread the word about the cannabis industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Right now we are still finding out more about this curious industry. In fact, our motivation has grown since we\u2019ve partnered with a cannabis tech startup from California. Our goal is to learn more about their industry, better understand their needs and get involved in this new market. That\u2019s how I found myself at \u201cThe Future of Cannabis\u201d LA. In this post I\u2019d like to share more of our experience with the cannabis industry so far.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Future_of_Cannabis\"><\/span><span style=\"font-weight: 400;\">The Future of Cannabis<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Last November 1st I arrived at the meetup and walked around the first part of the room. It was full of exhibitors who wanted to share their products and services. In the back, there was a simple stage where four short talks took place, followed by a networking period. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">After walking by and listening to different experts, I got a collection of business cards that were as diverse as the industry itself!<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Growers who are concerned with the upcoming regulations and want to get ready to comply with them<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> HR professionals willing to understand the right roles cannabis companies are looking for;<\/span><\/li>\n<li><span style=\"font-weight: 400;\">journalists whose mission is to inform people about legalization and its consequences;<\/span><\/li>\n<li><span style=\"font-weight: 400;\">government representatives focused on making the regulations and norms crystal clear;<\/span><\/li>\n<li><span style=\"font-weight: 400;\">investors looking for a great idea to put their money on;<\/span><\/li>\n<li><span style=\"font-weight: 400;\">entrepreneurs developing tech solutions for this market.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Around 100 people were there to understand the changes this industry is going through and what opportunities they could explore.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In January 2018 California\u2019s cannabis legalization became official, but it\u2019s far from being fully implemented. Right now several organizations and government institutions are working to put together a set of norms. Their goal is to organize the cannabis production and make users and producers aware of them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\">Blunt Talks <\/span><span style=\"font-weight: 400;\">organization strives to connect cannabis companies and startups with technology solutions that can help them in the process of becoming an official industry.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-8493 size-large\" src=\"https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/WhatsApp-Image-2017-11-02-at-02.24.35-1024x576.jpeg\" alt=\"cannabis tech\" width=\"640\" height=\"360\" srcset=\"https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/WhatsApp-Image-2017-11-02-at-02.24.35-1024x576.jpeg 1024w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/WhatsApp-Image-2017-11-02-at-02.24.35-300x169.jpeg 300w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/WhatsApp-Image-2017-11-02-at-02.24.35-768x432.jpeg 768w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/WhatsApp-Image-2017-11-02-at-02.24.35-1536x864.jpeg 1536w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/WhatsApp-Image-2017-11-02-at-02.24.35-750x422.jpeg 750w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/WhatsApp-Image-2017-11-02-at-02.24.35-1140x641.jpeg 1140w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/WhatsApp-Image-2017-11-02-at-02.24.35-20x11.jpeg 20w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/WhatsApp-Image-2017-11-02-at-02.24.35.jpeg 1599w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cannabis_tech_opportunities\"><\/span><span style=\"font-weight: 400;\">Cannabis tech opportunities<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In the production and distribution of cannabis products, there are a lot of benefits from applying tech solutions. Software can be of great help to track and control cultures following official regulations. Also, it allows producers to evidence the quality of their products to consumers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, when selling and shipping these products, it\u2019s a good idea to use applications to connect with users and offer convenient payment and delivery methods.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As more entrepreneurs focus on new ideas to explore this industry, many venture capitalists are becoming attracted to it as well.\u00a0<\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.privateerholdings.com\/\" class=\"external\" rel=\"nofollow\">Privateer Holdings<\/a>\u00a0and <a href=\"http:\/\/www.casaverdecapital.com\/\" class=\"external\" rel=\"nofollow\">Casa Verde<\/a> are among several cannabis-focused investment firms in the U.S. that want to be part of the industry. Business accelerators, such as <\/span><a href=\"http:\/\/www.canopyboulder.com\/home\/\" class=\"broken_link external\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Canopy<\/span><\/a><span style=\"font-weight: 400;\">, are also good examples of how the cannabis tech market is on the spot.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-8547\" src=\"https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/LogosCannabis.jpg\" alt=\"cannabis tech\" width=\"768\" height=\"1280\" srcset=\"https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/LogosCannabis.jpg 768w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/LogosCannabis-180x300.jpg 180w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/LogosCannabis-614x1024.jpg 614w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/LogosCannabis-750x1250.jpg 750w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/LogosCannabis-12x20.jpg 12w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Our_own_experience\"><\/span><span style=\"font-weight: 400;\">Our own experience <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Since October 2017 we\u2019ve been working as a software development provider for <a href=\"https:\/\/uruit.com\/nearshore-outsourcing-fintech-MVP\">a startup aimed at becoming the best e-payment app for cannabis product distributors<\/a>. Its goal is to be the leader of payment methods for high-risk industries, such as the cannabis. They aim to intermediate the financial transactions between consumers and merchants.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To do that, we set up a team of four developers and a Scrum Master. With weekly sprints and constant iterations, an MVP (minimum viable product) was already developed and presented last November at the <\/span><a href=\"https:\/\/mjbizconference.com\/vegas\/\" class=\"external\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Marijuana Business Conference<\/span><\/a><span style=\"font-weight: 400;\">, a Las Vegas event that gathered entrepreneurs, investors, and other industry figures. This prototype allowed us to try out a payment transaction in a very robust and secure environment, perfect for such a strict industry as this one.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-8501\" src=\"https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/cannabis.jpg\" alt=\"cannabis tech\" width=\"960\" height=\"720\" srcset=\"https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/cannabis.jpg 960w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/cannabis-300x225.jpg 300w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/cannabis-768x576.jpg 768w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/cannabis-750x563.jpg 750w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2018\/01\/cannabis-20x15.jpg 20w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Right now we\u2019re working on the product\u2019s second phase. It will include the creation of the main users\u2019 (client and merchant) platforms; integration with payment APIs; and with different authentication factors to fulfill different banks\u2019 requirements. The app is being built in React and Node.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Our_learning_points\"><\/span><span style=\"font-weight: 400;\">Our learning points<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Although exciting, building a brand new product for an innovative market is not an easy process. There\u2019s a lot of uncertainty. In this situation, it\u2019s important to move fast and validate ideas as soon as possible, before investing in a full product. An entrepreneur can have a great idea. However, the lack of a market of consumers ready to adopt it can be an obstacle to overcome when creating an application. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">California startups have found in <a href=\"https:\/\/uruit.com\/nearshore-software-outsourcing-to-south-america\">nearshore companies<\/a> a more efficient way to develop a high-quality application with a lean approach and fast-responding teams that adapt fast and generate a smaller budget. In the relationship we\u2019ve built with our cannabis tech client, it\u2019s important for both sides to validate ideas soon and constantly release software that brings true value to its users.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019d like to know more about our experience and even discuss your software needs, contact us!<\/span><\/p>\n<p><a href=\"https:\/\/uruit.com\/contact\"><img loading=\"lazy\" class=\"aligncenter size-medium wp-image-7876\" src=\"https:\/\/uruit.com\/blog\/wp-content\/uploads\/2017\/05\/MailChimp-Newsletter-Articles-4-Untitled-Page-1-300x150.png\" alt=\"\" width=\"300\" height=\"150\" srcset=\"https:\/\/uruit.com\/blog\/wp-content\/uploads\/2017\/05\/MailChimp-Newsletter-Articles-4-Untitled-Page-1-300x150.png 300w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2017\/05\/MailChimp-Newsletter-Articles-4-Untitled-Page-1-1024x512.png 1024w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2017\/05\/MailChimp-Newsletter-Articles-4-Untitled-Page-1-768x384.png 768w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2017\/05\/MailChimp-Newsletter-Articles-4-Untitled-Page-1-1536x768.png 1536w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2017\/05\/MailChimp-Newsletter-Articles-4-Untitled-Page-1-750x375.png 750w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2017\/05\/MailChimp-Newsletter-Articles-4-Untitled-Page-1-1140x570.png 1140w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2017\/05\/MailChimp-Newsletter-Articles-4-Untitled-Page-1-20x10.png 20w, https:\/\/uruit.com\/blog\/wp-content\/uploads\/2017\/05\/MailChimp-Newsletter-Articles-4-Untitled-Page-1.png 2048w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Contents Getting to Know the Cannabis Tech IndustryThe Future of CannabisCannabis tech opportunitiesOur own experience Our learning points Getting to Know the Cannabis Tech Industry To be up to date&#8230;<\/p>\n","protected":false},"author":10,"featured_media":8506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[294],"tags":[],"_links":{"self":[{"href":"https:\/\/uruit.com\/blog\/wp-json\/wp\/v2\/posts\/8491"}],"collection":[{"href":"https:\/\/uruit.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uruit.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uruit.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/uruit.com\/blog\/wp-json\/wp\/v2\/comments?post=8491"}],"version-history":[{"count":6,"href":"https:\/\/uruit.com\/blog\/wp-json\/wp\/v2\/posts\/8491\/revisions"}],"predecessor-version":[{"id":11165,"href":"https:\/\/uruit.com\/blog\/wp-json\/wp\/v2\/posts\/8491\/revisions\/11165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uruit.com\/blog\/wp-json\/wp\/v2\/media\/8506"}],"wp:attachment":[{"href":"https:\/\/uruit.com\/blog\/wp-json\/wp\/v2\/media?parent=8491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uruit.com\/blog\/wp-json\/wp\/v2\/categories?post=8491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uruit.com\/blog\/wp-json\/wp\/v2\/tags?post=8491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}