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CBD has exploded into a massive industry since the federal hemp legalization for the first time in 2018. The US Farm Bill, passed by Congress, paved the way for the emergence of an entirely new industry. Brightfield Group further projects that global CBD sales will reach $16 billion by 2025. And technology is a significant factor leading to such extortionate predictions and rapid growth in CBD, leading to various effects.
Globally, every advancing industry relies on technology. Nowadays, most industries rely heavily on it to move forward by encouraging product growth and markets, which leads to various positive effects in the industry. The future of marijuana consumption will be exciting as technological advances influence how we get high. Therefore, in this post, you’ll understand the effects of technology on the CBD industry in 2022. So, let’s dive in.
A Wider Range of CBD Products
Interestingly, CBD companies will continue to develop new ways of incorporating CBD into new and exciting products in 2022. There are currently various CBD products available, which give consumers a wide range of options. For instance, you can use CBD-infused oil in your coffee if you prefer it in the morning. For a relaxing evening, you might add a CBD bath bomb.
Other CBD products include:
- CBD creams
- CBD salves
- CBD capsules
- CBD gummies
- CBD lotions
Advances in chemical technology have enabled the development of these products. Molecular chemists are constantly inventing ways to blend the compounds in hemp. They create formulas to make bioavailable (easy absorption and mobilization into the body) and unique products.
The market can produce and explore Cbd Genesis extracts to meet customized needs. For instance, it can develop strains containing higher levels of certain desirable compounds because of their unique properties. Further, they can isolate individual compounds and create extracts using advanced chemical practices to understand each compound’s unique properties.
Effective Growing Lights
Marijuana plants require full-spectrum lighting to flourish, posing a challenge for growers. The sun provides cannabis Sativa with everything it needs in tropical climates. Still, large-scale indoor growth operations use high-intensity discharge bulbs, which are expensive and consume a lot of electrical power.
In the last decade, LED technology has transformed the home lighting industry, and it’s about to do the same for CBD growers. NASA has explored using LED lights in space to grow plants, and many marijuana growers have already adopted this technology.
Modern bulbs emit a broad spectrum of light instead of earlier models that could only produce red and blue light. Likewise, manufacturers now offer directional lighting that efficiently directs light rays onto growing plants. Growers also save on temperature control and ducting when using LEDs since they produce less heat than other bulbs. LED light setups will probably fall in cost dramatically soon, much as consumer bulbs have.
Marketing Strategies That Make CBD More Accessible
We tend to forget about the internet when talking about modern technology since it has become such a colossal part of our everyday lives. However, it has primarily transformed the CBD industry. When hemp first became legal, the public had difficulty embracing it because of confusion over marijuana.
Companies had a hard time selling their products in stores because of zoning issues and local government hurdles. It’s for this reason that most businesses go online. As a result, they were free to sell without encumbrance by local laws. The industry also benefited from expanding social media to market its products, informing consumers about CBD so that it could snowball and earn consumers’ trust.
Payment Processing Remains a Challenge
Most CBD entrepreneurs will tell you that finding a good payment processing partner can be challenging. CBD is a high-risk market, in the same league as cryptocurrencies and online gambling. Therefore, many payment processors will not process payments online or in-store for CBD businesses. Exorbitant fees are familiar with those that do, and they often limit liability by using heavy contracts.
As the legal battle over CBD, hemp, and marijuana continues, many payment processors will probably stay away from this sector. Nevertheless, many payment processors are still available to merchants, even though they are still at high risk. For instance, with Bigcommerce’s CBD, customers can integrate various payment processors, such as Pinwheel and Inovio. These technologies provide easy integration and efficient customer support, spurring CBD industry growth in 2022.
Vaping: A Novel Technology for CBD Delivery
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As CBD and vaping emerged within a few years, both industries have grown together. The CBD industry has reached vape enthusiasts by providing easy access to hemp compounds in vape form.
The advent of vaping devices that make it easier to enjoy puffs of hemp-infused vapor has helped CBD consumption take off as a unique delivery method, thanks to advances in the vaping industry. They’ve even discovered a way to vape the hemp flower directly, which is impressive.
Conclusion
The CBD industry would likely struggle to make an impact if it weren’t for technological advancements and advancements in science. These two elements haven’t been the only factors that have boosted the industry to new heights of success. The introduction of several innovations addressed the growing demand for CBD, which led to various effects. As we can see, the CBD industry has excellent potential for advancement in 2022 and the years to come.
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