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Startups Cannabis to Watch in 2022

The cannabis sector has flourished over the past ten years thanks to widespread legalisation, the passage of the 2018 Farm Bill, which legalised hemp on a federal level, and increased cultural acceptance of cannabis usage.

Everyone is keenly watching the cannabis mania develop and wants a piece of the action, from beverage companies and medical specialists to cosmetic brands and 420-friendly Airbnb hosts. The lives of current marijuana enthusiasts are made simpler and better than ever because to the hundreds of cannabis entrepreneurs that release new goods and services every year.

Get comfy by grabbing a blunt wrap and rolling up a fat one. You should keep a watch on these top cannabis businesses this year.

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GrowBuddy

During the epidemic, some individuals discovered surfing or baking, while many 420 fans developed their own home gardens and never looked back. Daniel Starbuck and Tim Delight, two cannabis growers looking for a simpler way to monitor their crop and gather information for next harvests, founded GrowBuddy in 2009.

The GrowBuddy software and cannabis app was created as a grow diary that helps producers keep track of their plants, increase yields, and communicate with one another to exchange industry knowledge.

The app has subsequently grown to include a marketplace for buying and selling used grow equipment as well as a Q&A forum and is constantly being updated with new features. More individuals will start cultivating marijuana at home as more U.S. states allow it for recreational use.

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C3 Industries

C3 Industries was established by Ankur Rungta, Joel Ruggiero, and Vishal Rungta in 2018, and in only four short years, it has experienced exponential growth owing to funding from high-net-worth individuals and venture capital.

It is a vertically integrated cannabis firm that controls everything from the cannabis farm and processing facility to online and brick-and-mortar retail stores, even a wholesale operation, enabling the brand to optimise the quality of its products.

This company, which has operations in Oregon, Michigan, Massachusetts, and Missouri, is in the process of developing and expanding into new areas, which might result in income and help them move quickly out of the startup stage.

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Tokken

Cannabis shops are still unable to use the standard banking system or acquire some sorts of funding because the DEA has classified their goods as a Schedule I narcotic, even though they are run lawfully and pay a lot of taxes.

For these reasons, the majority of legal dispensaries only take cash, employ dubious techniques to get over the cash-only restriction, and never provide receipts. Lamine Zarrad, a former employee of the Office of the Comptroller of the Currency who observed the system’s shortcomings and necessity firsthand, founded the Denver, Colorado-based firm in 2016.

Tokken is a secure, blockchain-based mobile banking platform for users and “unbankable” businesses like those in the cannabis sector. It has enormous potential given the strong demand for its services and the growing awareness and use of blockchain today, but has been hampered at every turn by federal rules and a legal landscape that is constantly shifting.

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Ardent

Shanel A. Lindsay, a black woman who created the company, is introducing marijuana into American kitchens. The cannabis business manufactures home decarboxylation and infusion equipment that is used to make cannabis oils and other extracts that may be consumed orally, smoked, or infused in cosmetics.

These decarboxylation devices, which are marketed as “the easy bake oven for adults” on the Ardent website, make dosage simple while ensuring that the maximum amount of cannabinoids are extracted from the plant material.

Decarboxylation used to be a time-consuming procedure that, if done wrong, may result in a loss of potency or burning and the loss of the entire flower. The private, small-scale cannabis business has a lot of room for growth in both the leisure and healthcare sectors.

Visit another cannabis company, Puff Puff Pass It, for the newest high-end smoking and accessory goods.

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