Cannabis industry cannibalized by start-ups

The cannabis industry is no longer just for growers. Technology companies with big ambitions are seeking funding by applying to the weed industry. start-up methods.

We've already talked about Eaze, a cannabis home delivery company, or from Trees which promises to soon deliver weed by drone. Even the «MyLittleBoxes of cannabis» have found takers, with the arrival on the market of Marvina. There is also Love, Nancy, for example, which specializes in selling products to the hemp, and are therefore legal in all 50 U.S. states.

Start-ups don't limit themselves to delivery. Two other start-ups are attacking the cannabis market directly at the heart of the industry, not the product.

First, Serica tackles the medical cannabis industry's biggest problem: payments. The the US cannabis industry is cash-only, On the one hand, because cannabis is still illegal at the federal level, and banks don't want anything to do with dispensaries. Secondly, customers don't necessarily want to leave any trace of their payments to dispensaries. Serica uses blockchain, bitcoin's algorithm, to track and record every purchase, and gives businesses a way to accept online payments. The start-up has already signed a deal with the second largest medical cannabis e-commerce site to become the only payment option on the site.

Other start-ups, such as Transcend Lighting, Its LED lights are used by farms that want to consume less electricity. Its LED lights are used by farms that want to consume less electricity. The company is not limited to cannabis, but it's an industry that Transcend can no longer ignore.

Classic companies have undoubtedly already carved out their place in today's marijuana. Upcoming start-ups such as Serica and Transcend will undoubtedly maximize all aspects of the cannabis business.