The possibility of legalizing hemp in North America in 2018 pushed venture capital funds to make large investments in this sector - $ 2.6 billion.
However, in 2019, expectations did not materialize due to the suspension of the legalization process in the United States. Investments fell to $ 2.3 billion.
In Canada, where hemp was legalized about a year ago, unsold stocks remained on the shelves. According to Keren Shmueli, partner at Pearl Cohen Zedek Latzer Baratz, an Israeli law firm, innovative cannabis developments have already been made. Everyone is waiting for the speedy legalization in the states. Headquartered in San Francisco, Cannabistech has launched the largest cannabis market in the United States, Eaze Technologies and Green Bits, a retail and point of sale management service.
Did you know? Scientists have proven that marijuana is very addictive in only 9% of the population. The number of people addicted to coffee is much larger.
The Israeli company Leaf, part of Corsica Innovations, for $ 3 thousand has created an automated device in the form of a mini-refrigerator for growing cannabis at home. Today, gardeners also use this invention.
In 2019, Syqe Medical released a pocket metered-dose inhaler worth $ 83 million. Another Israeli company, Kassi Labs, created the eponymous smart device that acts as a grinder, charger for a mobile phone and an evaporator, a device for storing, measuring humidity and temperature.
Kassi's rival Keep Labs invented an Airpod box with optimal conditions for storing cannabis, including biometric authentication with Wi-Fi and Bluetooth to keep content safe.
- The company, headquartered in Bath, producing cannabis-derived products, plans to launch its own Apple-style retail offering through a series of projects that it hopes will turn it into one of the largest enterprises in the sector.
- Earlier, we wrote that marijuana and pineapples are illegally grown in the wild lands of Costa Rica
- The Chief Minister spoke out in support of the development of the drug cannabis industry - provided that it could be taxed and not damage the island’s reputation.
