The one thing you can count on in the Cannabis Industry is change, from regulations to banking and overall business practices the business of Cannabis is always changing. With all the changes cannabis businesses have a lot on their hands, in turn many companies across the industry are coming up with creative ways to use IoT in their operations. Smart technologies such as Internet of Things (IoT), artificial intelligence (AI), and machine learning are helping growers, manufactures, and dispensaries streamline their businesses to help transform and grow the cannabis industry.
In the last decade the world of technology has changed dramatically, with more and more states legalizing or decriminalizing marijuana each year, the cannabis market is taking advantage of these cutting edge technology changes. The Cannabis industry is subject to a number of hurdles when it comes to business, from high taxes, to refusal from financial institutions, steep competition and more. With these hurdles many Cannabis companies have turned to IoT to help them streamline operations and help them focus on budgets and production. We meet up with John Gunn who chats with us about increasing revenue for cannabis businesses by understanding customer behavior via IOT and AI, and facilitating interactive experiences via AR and VR technology, as well as enabling business growth utilizing the latest generation in technologies to keep pace with the most current trends to survive the radical changes in business.
After lecturing on IoT and Cannabusiness on the big stage at the early May 2019 ChannelPro SMB Forum, we caught up with Luis Alvarez, president of Alvarez Technology Group. Based on Central California, an agricultural hot bed that has diversified to include cannabis growers and producers, Alvarez’s secret to success is IoT. Along the way we discuss the industry landscape including market size, government, politics and much more. Finally – watch towards the end to learn what the golden ticket is!