Cannabis Technology News

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technological
tech
technology
Fri
15
Oct

Climate Change Report Signals Need for Greener Operations in Cannabis

climate change sign

On August 9, 2021, the United Nations Intergovernmental Panel on Climate Change sent shock waves through the financial markets and the world in general with the publication of its sixth assessment report.

The IPCC report, the most comprehensive of its nature since 2013, made it abundantly clear that much of the damage incurred by the global ecosystem will be irreversible, and the harm is accelerating at an alarming rate.

Thu
14
Oct

Cannabis commerce company Dutchie doubles valuation following new funding round

two men standing together

Dutchie, a four-year-old, Bend, Oregon company that charges cannabis dispensaries a monthly fee to create and run their websites and manage orders, is on a roll this year, raising its second large round of funding — this time a $350 million Series D at a $3.75 billion valuation. (Photo Credit: Dutchie/Dutchie Co-founders Ross Lipson and Zach Lipson)

The new valuation is more than double what was announced in March when Dutchie brought in $200 million in Series C funding at a $1.7 billion valuation. At the time, the valuation was roughly eight times the $200 million valuation the company had after closing on $35 million in Series B funding last August.

Wed
13
Oct

Oregon State University Hemp Center Receives $10M Grant

two men in a cannabis field

The Global Hemp Innovation Center at Oregon State University announced last week that it has received a $10 million grant from the U.S. Department of Agriculture to study and define the economic opportunities for hemp in the western United States. 

Provided by the USDA National Institute of Food and Agriculture’s Sustainable Agricultural Systems grant program, OSU scientists plan to use the funding to partner with eight institutions across the country in a five-year research program.

Wed
13
Oct

Here’s How Technology Is Reshaping Cannabis

cannabis tech graphic

“Technology in every industry has enabled advancement to happen faster, and the cannabis industry is no different. Due to the fragmented regulatory environment, we knew remaining compliant would be a real challenge for businesses, but one that could be addressed through the creation of advanced technologies. We set out to take what was previously an archaic way of approaching compliance and developed software that would help cannabis entrepreneurs save time and money, drive efficiencies and create new opportunities. Beyond owners and operators, we also see technologies playing a vital role in how governments, regulatory bodies, insurers, cannabis-related banking and financial institutions also remain compliant under FinCEN Cannabis Banking Guidance.

Tue
12
Oct

University of Plymouth builds classroom out of mud and hemp

Hemp and Mud building materials

Researchers at the Sustainable Earth Institute at the University of Plymouth are constructing a building on campus using the mud and fibre material. The single-storey building will be a classroom and laboratory, with its performance studied and monitored. Project bosses said it would be a "living lab and demonstration site".

The construction work is part of the institute's CobBauge project, which the university said was "investigating whether an optimised version of cob can become a sustainable solution for a new generation of energy-efficient housing".

Prof Steve Goodhew said one of the major issues was trying to "reduce the energy use, and therefore the emissions, in buildings".

Tue
12
Oct

Crash Course Offered In Growing Cannabis For Medical Marijuana Patients

marijuana plants

Medical marijuana patients in Connecticut gained the right to cultivate their own cannabis plants this month and according to a local hemp farmer, hundreds of patients have since sought help cultivating green thumbs of their own.  “We’re seeing a good amount of people at least try their hand at the plant,” Luis Vega, founder of North Haven-based Wepa Farms, said Monday. “People are very excited for the way the law has moved. It’s a lot of people who want to make sure they grow within the law.”

Connecticut has had a medical marijuana program on the books for nearly a decade and the number of participating patients has grown to nearly 54,000. But until Oct. 1, cannabis had to be purchased at one of 18 medical dispensary facilities around the state. 

Fri
08
Oct

Grant to study hemp market in western U.S.

marijuana plants

 Researchers from Washington State University will study different hemp varieties and do chemical analysis of them as part of a new $10 million grant from the U.S. Department of Agriculture to define economic opportunities for hemp in the western United States.

The grant, led by Oregon State University’s Global Hemp Innovation Center, is a five-year project funded by the USDA National Institute of Food and Agriculture’s Sustainable Agricultural Systems grant program. WSU scientists are partnering with eight institutions across the nation and many industry partners, including the Industrial Hemp Association of Washington, on this research, which addresses the needs of Native American and other rural community businesses and farmers in the four-state West Coast region.

Thu
07
Oct

Weed for feed: hemp and algae projects land $10 million grants

marijuana leaf

Ohio’s Central State University aims to investigate using hemp as an aquaculture feed ingredient to address food safety concerns about consuming seafood raised with hemp feed additives. They will also research ways to increase economic markets and production sustainability for seafood and hemp.

Thu
07
Oct

A New Cannabis Virus And What This Means For Growers

virus

The Hop Latent Viroid (HpLVd), a single-stranded, circular infectious RNA, runs rampant in the hemp and cannabis growing communities. Cannabis infected with HpLVd may or may not manifest any apparent symptoms but understanding what those symptoms can be is important to combat this virus.

Wed
06
Oct

Sacramento financial software company NatureTrak signs up bank for cannabis validation

Sacramento-based financial technology software company NatureTrak Inc. has signed up a bank in New Mexico to use its tracking software to validate cannabis-related business deposits. It is the first bank to use the product, but several more banks are in the pipeline, with another expected to sign a contract next week, said Jontae James, CEO and founder of NatureTrak, via text. "The cannabis industry is exploding, and will continue to do so, as more and more states legalize medical and adult-use cannabis,” James said, in a news release.

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