CANNABIS TECHNOLOGY MARKET Challenges and Opportunities

Global cannabis technology market faces regulatory challenges due to varying cannabis laws across regions. While some parts of Canada and U.S. states have legalized cannabis, many countries maintain strict laws against its cultivation and sale. This inconsistency complicates the development of uniform solutions, increasing compliance costs for technology companies. Legal uncertainty also deters investors from funding cannabis tech startups, fearing potential illegal activities. Without international regulatory harmonization, the market growth potential and global reach will be significantly limited.

Market Opportunity- Expansion of research and development in cannabis-related technologies

Expansion of research and development in cannabis technologies offers significant growth opportunities. As cannabis legalization spreads, funding for research increases, focusing on advanced tools utilizing cannabis compounds. Investments are increasing in AI, IoT, and robotics for automated cultivation and standardized formulations. Strong R&D efforts are exploring cannabis extracts for medical and wellness applications, including non-psychotropic cannabinoids for chronic diseases.