How to Ensure Your Operation’s Success in the Cannabis Industry
To say that the cannabis industry is booming is a massive understatement. According to Verified Market Research, the cannabis industry was valued at $20.73 billion in 2020 and is projected to grow to $111.31 billion by the year 2028.
To get in on the ground floor, many people who have significant investment capital are deciding to become cannabis investors. As a cannabis investor, that could mean buying a stake in a cannabis growing operation, owning/operating a dispensary, or investing in cannabis testing equipment. In terms of creating products, growing and testing are both integral parts of the cannabis industry.
Much the same way that cosmetics, pharmaceuticals, and automobiles need to be tested before they hit the market, so too does cannabis. However, what makes cannabis a tricky product to work with is that it can quickly shift from legal to illegal in a matter of days.
Growing Cannabis That’s Legal
Legal cannabis is broken up into three categories and is determined by each individual state. The categories of legal cannabis include:
- Legal for medicinal use with a doctor’s approval
- Legal for recreational use
- Only CBD products or low THC products allowed
The third category of CBD products and low THC products is where cannabis investors and growers are focusing their efforts. Legally speaking, these are the products that have the least amount of pushback from state and federal regulators. That’s because these products only have 0.3 percent or less THC in them.
However, growing cannabis that’s legal is an endeavor that requires constant oversight, plenty of botanical knowledge, and reliable cannabis testing equipment. As a cannabis plant matures, the THC level steadily increases. Cannabis growers must be able to make an informed decision about when to harvest their cannabis crops. They do this by using cannabis testing equipment.
Cannabis that’s sitting right at 0.3 percent THC is perfect for harvesting. Anything over that level is technically illegal and would have to be destroyed at the grower’s expense. As a cannabis investor, avoiding illegal crops – or “hot crops” – is the name of the game.
The Current Testing Procedure in the Cannabis Industry
Currently, growers and cultivators wanting to know the THC percentage of their cannabis crops must send off a sample to a third-party lab. As you can imagine, most third-party labs have several samples they need to analyze, so the process can take many weeks. That’s time many growers can’t afford because their cannabis crop may pass the 0.3 percent THC threshold while their sample is being processed.
Additionally, many third-party labs use harsh chemicals such as methanol and acetonitrile during their testing process, which means it’s not environmentally safe.
Moving the Cannabis Industry Forward with In-House Cannabis Testing Equipment
What if you could test your cannabis products without having to wait on a third-party lab and without the use of harmful chemicals? Elite Robotics has created the solution that puts the power of a fully staffed chemistry lab right in the palm of your hands.
We have in-house and field cannabis testing devices that are currently in development – both from the Cannabots™ line.
The SCD (specimen containment device) is a patent-pending sealed chamber in which samples can be hermetically stored in order to preserve the 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 SCD, 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.
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.
Contact Elite Robotics Today to Become a Cannabis Industry Investor
Elite Robotics aims to be the solution when it comes to perfecting and standardizing cannabis testing equipment. It is our goal to give growers and farmers a reliable way to test their cannabis that is accurate, expedient, and safe for the environment. By perfecting the cannabis testing process, we can prevent cannabis investors and growers from creating illegal crops that need to be destroyed.
To find out more about our cannabis testing 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.