How Information Technology is Driving Innovation in the Cannabis Industry

flowhub move
Flowhub ‘s Grower Solution

Citing the recent Microsoft deal with Kind Financial as a signal of the maturation of the legal cannabis industry, IDG News Service writer Katherine Noyes profiled several companies that are using IT to help the industry scale.  Her primary focus is Flowhub, which offers software that helps cannabis growers and retailers comply with state laws. She cited the positive experience by customer La Conte’s Clone Bar and Dispensary in Denver, which has moved a time-consuming process from paper to the cloud.

GreenRush is an e-commerce platform that enables delivery but also helps with customer acquisition and integrates several outside technologies to provide a suite of tools to dispensaries. While the article didn’t provide much detail about Potbotics, the company was mentioned as an automation provider in dispensaries.  Its “Potbot” serves as a virtual budtender.

Noyes cited Leslie Bocskor of Electrum Partners regarding the importance of investing in technology: “High margins can cover up a lot of mistakes. Businesses can’t get comfortable — they need to start using best practices regardless of their profitability, and technology is a big part of that.”

Read Katherine Noyes’ “High technology: How IT is fueling the budding cannabis industry”: -the-cannabis-industry.html

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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