Setting Your Operation Up for Success in the Cannabis Industry
According to Investopedia, global cannabis sales are expected to jump from $13.4B (2020) all the way up to $33.6B by 2025. With that kind of growth, you can see why many savvy investors are putting their money into the cannabis industry. The potential of the market is unfolding right before our very eyes; however, there is still much to be learned about the cannabis industry and its processes have yet to be standardized.
Cannabis investors need to be aware of each state’s individual cannabis laws, the process of growing cannabis, how much THC can be in cannabis upon harvesting, and what is the most reliable cannabis testing equipment. The fact that legislation is still changing in addition to the fact that cannabis is a living breathing product poses two significant challenges not normally seen with most investments.
What is Legal Cannabis?
Legal cannabis can be broken up into three main factions, which are ultimately determined by the individual state. They break down as follows:
- Legal for recreational use
- Legal for medicinal use
- Only CBD/low THC products allowed
The recreational use of cannabis is legal in 18 states and the District of Columbia. With a doctor’s prescription, the medical use of cannabis is legal in 37 states. As a cannabis investor, it’s clear there is market potential for growing cannabis and selling the product for distribution. If done correctly, there’s massive potential in the cannabis industry.
However, it’s important to keep in mind that at a federal level cannabis remains classified as a Schedule I substance. Additionally, cannabis that is grown and harvested with a THC level that exceeds 0.3% must be destroyed by federally mandated law. This is still a major pain point in the cannabis industry. Fortunately, the solution is the use of in-house cannabis testing equipment.
What is In-House Cannabis Testing Equipment?
Most cannabis growing operations utilize third-party labs to test their products’ THC and purity levels. In the event that everything passes muster, these third-party labs can verify and certify that the cannabis crop is within regulation and clear it for distribution.
However, much can change with a crop between the time it is sent off for testing and the time that results are delivered back to the growers. CBD and THC levels can drastically increase in a matter of days, which can ultimately put the crop at risk of becoming illegal.
To help avoid this problem, many operations are now using in-house cannabis testing equipment. This allows them to keep a much closer eye on CBD and THC levels with their crops because testing can be completed on a much shorter timeline. Additionally, in-house testing can provide insight on terpenes, solvents, metals, other cannabinoids, and microorganisms.
Unfettered access to this data allows for growers and cultivators to produce a safer, purer product for the consumer. However, the biggest advantage with in-house cannabis testing is that it prevents growers and cultivators from unintentionally producing a hot crop that must be destroyed due to THC levels.
In-House Cannabis Testing Equipment From Elite Robotics
Elite Robotics has two different in-house cannabis testing products that are currently in development – both from the Cannabot line.
The Disposable is a patent-pending sealed chamber in which samples can be hermetically stored in order to preserve 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.
Eliminate the Pain Points of Lab Testing by Contacting Elite Robotics Today
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 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.