Increasing rates of cannabis legalization and decriminalization worldwide are creating a massive boom for the cannabis industry. From AI-driven cannabis farming for scaling cultivation to blockchain technology for cryptocurrency payments and transaction tracking, the cannabis industry is witnessing the adoption of leading-edge technologies to improve yields and increase profits. In the wake of these trends, the global cannabis market, valued at $22.5 billion in 2021, is expected to reach $82.3 billion by 2027, growing at a CAGR of 24.3 percent.
AI and machine learning (ML) deserve special mention among the factors driving this market growth. From greenhouse monitoring to seed-to-sale tracking, AI and ML solutions benefit every stage of the cannabis retail chain. These solutions involve a combination of high-resolution sensors, automated monitoring, management systems, and various plant tracking devices, enabling real-time information on plant production. By optimizing production processes and minimizing the costs of indoor operations, AI and ML are making a big splash in the cannabis industry.
To spotlight such vital developments in the industry, Food and Beverages Tech Review APAC illustrates how companies are leveraging the latest developments in cannabis tech to enhance their overall performance. The edition also features thought leadership articles from Reinier J. Marlissa, Head of Information Technology Department, Ateria, Jason Suarez, Executive Director, Technology Product Management, Dine Brands Global, and Guillermo Renancio Artal, Director Of Technology, Expansion and Strategic Partnerships, New Pescanova Group, who shed light on various trends in the cannabis tech space, including key developments in point of sales and digital transformation, stakeholder demand management, and the emerging technologies driving The Blue Economy.
In this edition of Food and Beverages Tech Review, we also bring the story of some of the top cannabis solution providers and service providers in APAC delivering the best outcomes for their clients. The list comprises Hemp New Zealand, the largest specialized farm-to-factory hemp company in New Zealand.
Through the following pages, we aim to highlight the innovative trends and latest developments in the cannabis tech industry. We would like to know your thoughts.
