Explaining the Rigorous Standards of the Cannabis Industry
With the massive growth of the cannabis industry in recent years, many people looking to cash in are seriously considering becoming cannabis investors. After all, it can’t be denied that the cannabis industry is on the rise and there is a definite market for this product.
According to Fortune Business Insights, the cannabis industry is projected to grow from $28.2 billion in 2021 to $197.7 billion in 2028. From the perspective of a cannabis investor, you can see why they would think that this industry is ripe with opportunity.
However, investing in the cannabis industry isn’t as simple as putting a bunch of money down and expecting it to multiply. Far from it. An experienced investor knows they must learn about the production side and gain intimate knowledge of the cannabis industry. This means understanding the challenges and the potential obstacles they’ll need to overcome.
One such obstacle is the process of testing cannabis and getting reliable cannabis testing equipment. Let’s delve into that a little deeper.
How Cannabis Crops Are Tested
Growers and cultivators of cannabis know that growing cannabis is the simple part; it’s the testing and harvesting portions that can be tricky. The challenge is THC levels can drastically increase in a short amount of time while growing cannabis. This means that a cannabis plant has the potential to exceed the 0.3% THC limit that is mandated by federal law. These illegal crops – which are referred to as “hot crops” – cannot be harvested or distributed. In fact, the law dictates that they must be destroyed at the grower’s expense.
To avoid unintentionally producing a hot crop, growers will frequently send samples of their crops to a third-party lab testing facility. These third-party labs can independently test and verify the purity of the crop (THC levels) and provide an analysis of what cannabinoids it contains using professional cannabis testing equipment.
The third-party lab will then send back the results to the growers, which will dictate whether the cannabis crops are allowed to continue to grow or if they will be harvested. Generally speaking, growers need to send off multiple samples to a third-party lab before making the determination to harvest.
As you can probably imagine, this is a time-consuming process which can add significant overhead to a cannabis growing operation. However, some cannabis growing operations have found a way to reduce this pain point by getting their own cannabis testing equipment.
Taking Control of Your Growing Operation with In-House Cannabis Testing Equipment
If you are growing cannabis, you will still be required to use a third-party lab testing facility to obtain official verification of the purity and THC levels of your product. However, by having your own in-house cannabis testing equipment, your growing operation will be able to closely monitor the THC levels in your product. Additionally, you will be able to run your own analysis of the cannabinoids that are contained in your crops.
For cannabis investors who want to ensure their operation doesn’t accidentally produce hot crops, investing in in-house cannabis testing equipment makes good financial sense. Growers can keep a closer eye on their product, which translates to a decreased risk of losses.
In-House Cannabis Testing Equipment From Elite Robotics
Elite Robotics has in-house and field cannabis testing devices that are currently in development – both from the Cannabots™ line.
The Disposable is a patent-pending sealed chamber in which samples can be hermetically stored in order to preserve a chain of custody of the product. This product allows for samples to be taken from the field and secured until they can be properly analyzed.
The Analyzer breaks down and tests samples from the Disposable, ensuring purity and potency in both CBD and THC products so that you can remain compliant with state and local regulations. It will also identify strain and any potential contaminants that may be present.
These tools from the Cannobot line help with the monitoring and testing of crops, which traditionally can take many weeks when outsourcing to a third-party lab.
Become an Investor in the Cannabis Industry
Elite Robotics aims to be the solution for perfecting and standardizing cannabis testing equipment. It is our goal to give growers and farmers a reliable way to test their cannabis that is both accurate and expedient.
Although our products cannot currently replace third-party lab testing from a certification standpoint, they do provide growers and cultivators the insight they need with their crop to determine when they should send a sample off to a third-party lab.
To find out more about our equipment or to become an investor, you can contact Elite Robotics at (805) 987-6217. Or you can send us a message directly using our contact form.