Marijuana Doctors is tapping into the future of cannabis retail with medicine on demand…
When thinking about high-tech, profit-making innovations, it’s important to keep in mind that a truly good idea always finds a way to be realized, no matter what barriers are put in its way.
That’s why I’m positively thrilled to see such a good idea taking shape in the cannabis industry.
Marijuana Doctors, an online portal that helps qualified patients find participating doctors to help them get prescriptions for medical marijuana, is joining forces with Connected Inc. to streamline delivery, pickup, and telemedicine.
Connected Inc. is a tech firm that looks to increase the efficiency and transparency of inventory tracking and sales. That’s another way of saying the company uses blockchain technology to make the supply chain process much easier to navigate.
As cannabis is now being deemed essential, online ordering and delivery services are especially important to keep track of, which gives Connected Inc. a prime opportunity to show off its tech.
Much-Needed Delivery During COVID-19
This partnership between Marijuana Doctors and Connected Inc. promises to create a high-tech system where smart contracts enable the automation of sales, ordering, purchasing, and testing.
It also increases transparency by allowing for the tracking of purchase orders, transportation, and testing results.
But it’s the delivery functionality that I want to call special attention to with this partnership because of the pressure that the global COVID-19 crisis has created for consumers to switch to online purchasing.
According to Statista, more than one in five Americans surveyed have opted to make medical purchases online due to the coronavirus pandemic.
It’s also important because it demonstrates the fact that cannabis as an industry is evolving with the times – even in spite of an outdated federal regulatory system that has so far not responded to either public or economic pressure.
Creating a Modernized Cannabis Industry
Federal law may consider cannabis to be a Schedule I substance, but the laws of many states, as well as the markets, see things more clearly.
I’ve believed for a while now that the extremely disruptive and extremely profitable potential of cannabis as a product has been held back by a federal regulatory system that refuses to allow cannabis businesses to function like modern businesses need to.
Also by Michael Robinson: Cannabis Goes High-Tech to Respond to the Crisis in Colorado
That includes things such as creating a global supply chain and employing modern financial services, both of which would expose marijuana businesses to federal intervention. That risk restrains the expansion of a sector that, at the most basic level, has overwhelming growth potential.
What this deal between Marijuana Doctors and Connected Inc. is showing us is that even with the laws being what they are right now, the cannabis industry is still managing to tap into modern business trends such as digital connectivity, e-commerce, delivery, and even telemedicine.
In the future, I expect to see high-tech commercial platforms like this helping the cannabis industry to expand rapidly and make up for lost time in terms of growing a customer base.
As I’ve said before, cannabis is going to cause a lot of disruption.
And when you merge it with tech, all sorts of new opportunities are going to form, especially during the coronavirus pandemic.
With the United States rapidly accelerating toward full cannabis legalization, you need to start pinpointing the cannabis companies that can deliver you the highest possible gains. I encourage you to check out my colleagues’ list of top pot stock recommendations right here.
Cheers and good investing,
Michael A. Robinson
Advisory Board Member, National Institute for Cannabis Investors
13 responses to “This High-Tech Deal Is Supercharging Medical Marijuana”
June 09 2020