As we approach the ten-year anniversary of the legalization of cannabis in Washington and Colorado, the industry is entering a new phase. No longer a small industry in a few select locations, adult use cannabis is now legal in 24 states plus DC, and even traditionally anti-cannabis states have established medical programs. With nearly 430,000 employees and projected annual sales of $32 billion by 2023, the American cannabis industry is rapidly expanding. As we embark on this exciting new frontier, professionals in the industry may be curious about the potential impact of artificial intelligence (AI) systems. These systems could potentially assist various departments in legal cannabis operations, such as controlling farming conditions for optimal cultivation or serving as a virtual budtender in dispensaries. AI could also streamline manufacturing and retail inventory practices, as well as aid in sales and marketing efforts. Additionally, AI systems can help ensure compliance with the strict regulations that cannabis companies must adhere to. Zeta Ceti, founder and CEO of Green Rush Consulting with nearly 30 years of experience in the cannabis field, has already seen AI-related systems being implemented in practical ways by cannabis businesses. These systems are particularly helpful in expediting and organizing the numerous state-mandated actions that can be overwhelming for business owners. Ceti believes that AI systems will eventually play a role in dispensary and retail functions, as well as conducting research on different cannabinoid formulations. Gary Allen, CEO of New Frontier Data, also sees potential for AI applications in the cannabis industry, such as assisting with writing and formatting articles in a trendy style. As the industry continues to evolve, AI systems may prove to be valuable tools for optimizing and enhancing internal processes.
The Future Is Here: AI & Cannabis
