Industry executives and experts share their predictions for 2021. Read them in this 13th annual VMblog.com series exclusive.
The Future of Cannabis - Underpinned by Science & Technology
By
John Shearman, Vice President of Marketing and Cannabis Business Lead, Applied
DNA Sciences
Science and technology have led us forward in humankind's
evolution since discovering the wheel and Galileo introducing us to the
beginning of modern science. Cannabis, has been with us in some form or another
during that entire time. It is not the first thing you think of when you
consider the leading edges of advanced technology, but your college roommate's
buddy, just might have been holding the first commercial intersection of
genomics, AI, IoT and blockchain.
It has been no secret that the endocannabinoid system is
responsible for the regulation of numerous aspects of neuronal activity. Yet
scientists are still discovering the unique benefits cannabis can offer for
human wellness across many ailments with cannabidiol (CBD) and
tetrahydrocannabinol (THC) being the most famous, but far from the only
cannabinoids at work in the humble plant. We are just beginning to unleash the
cannabis plant's potential and understand its interaction with the human body.
If we leave the science lab and look at how advanced technology
will help produce safer, higher-quality products, we can see there is a huge
future for cannabis. Cannabis ultimately is still a plant and can be grown
outdoors in most temperate climates and indoors just about anywhere. Cannabis
is also an incredibly fussy plant; it requires a large amount of water and pristine
growing conditions to reach peak quality. Large commercial facilities need
multiple environmental systems, GMP standards and other systems to ensure that
the product is free from pesticides, powdery mildew and other harmful pests
that can be dangerous or even fatal if imbibed. That is only half the battle
however, now you must get that safe, tested product to market, in a sea of
products that may not have the same rigor or legal pathways as yours.
The future filled with utilizing advanced technologies such
as IoT, AI, big data and analytics to capture and document a unique molecular signature
on products allowing business to identify and track strains and products across
global supply chains.
If a company producing CBD infused beverages wants to claim
the drink's CBD ingredient is made in world class GMP facility in Colorado, how
can they prove it?. They can add a unique molecular tag to the CBD isolate at
the time of manufacturing and then test for that tag using an IoT connected polymerase
chain reaction (PCR) device that amplifies the molecular tag's signal to provide
100% certainty that particular beverage is from that specific company. Add this
now to a global supply chain where each time that molecular tag is read by the
PCR it is backed to the cloud or even blockchain, and you have a fully rendered
global supply picture. Talk about a secured product.
This unique identifier can also help with product
counterfeits and diversion of products across locations, IP protection,
liability and even insurance. This technology, in addition, can be applied to
the primary and secondary packaging and labels, and the data can be exchanged
with other business and lab systems such as Enterprise Resource Planning (ERP)
or Laboratory Information Systems (LIMS) to provide an end-to-end brand
protection strategy.
Combining the strengths between science and technology
platforms allows for real transparency, traceability, and trust across
cultivators, processors, dispensaries, and the end customer.
The cannabis industry will continue to mature over the next
five to ten years, and research will quickly follow as regulations evolve. For
this wave of change to ultimately make a difference in medicine, business,
trade and even the rebalancing of social equity after the war on drugs, it will
require the intersection of the latest technology advancements in genomics, AI,
IoT, blockchain, and FinTech. We are excited to see all the ways technology is
going to continue to help drive this industry forward. Hang on tight, we are in
for a rippin' ride.
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About the Author
John
Shearman, Vice President of Marketing and Cannabis Business Lead, Applied DNA
Sciences
John's
has over 30 years of deep enterprise and advertising agency experience across
all marketing, sales and IT disciplines. John's experience allows him to advise
on structuring sound strategies that address business goals and objectives. His
extensive technology background stems from working with several leading
technology companies throughout his career.
John spearheads Applied DNA Sciences Cannabis vertical leading the
vision, strategy, and product development for this emerging market. John also
oversees the marketing for the entire company driving the marketing strategy
for its other core verticals.