5 Marijuana Startups to Watch in the New Year
January 16th, 2018
A new year brings with it new innovation and products for the masses. That’s true in many industries, but it especially rings true in the global cannabis industry. 2018 has arrived, and has brought with not just investment opportunities, but also different ways that end consumers can interact with cannabis and cannabis-related products. We took a look at 5 promising cannabis startups to watch in the new year.
Alcohol has been humanity’s libation of choice for decades now. Who doesn’t like taking time off from mowing the lawn to drink a nice, cold beer? Well, actually, there are many people. Some take issue with the alcohol intoxication that may begin to occur after a few beers – and don’t even get us started on the dreaded hangover the next morning. That’s why Dooma Wendschuh, founder of Province Brands, knew in his heart there was a better way to drink beer. His mission: to capture the same great taste of beer, but instead of an alcohol buzz, provide consumers with a bit of a cannabis buzz. Sure, Province has competition, especially in the form of the Tinley Beverage Group (CSE: TNY), but they also apparently have a Patent Pending on the technology used to capture the essence of the cannabis buzz – so they are certainly a startup to look out for.
Consuming cannabis can be a task that brings out the mess in us: You must take out the bud, grind it up, place it into your accessory of choice – and you especially have to make sure that the spare bud doesn’t just end up lying around out on your table. Greg Pantelic set to change that experience. Ahlot creates customizable sesh boxes that are hand-crafted and wood-carved. Dubbed the Ritual box, Pantelic hopes to elevate the cannabis consumption experience. What’s super cool about the Ritual boxes sold by Ahlot is that they are fully modular, and can be customized to fit your specific needs. Have a Pax, Arizer Air, or DaVinci IQ vaporizer? Then you’re in for a treat because Ahlot sells boxes that will fit your portable vape snuggly and securely. You can even get a personalized message presented on the rolling tray (although poets, take not – only to a maximum of 40 characters).
Grobo is a startup that has been hiding in the weeds for a while, and now that Canada and states south of the border are legalizing cannabis, the company is about to bound to sprout. Grobo has been taking pre-orders for its all in one Grobo One device that allows home-dwellers the ability to grow personal amounts of cannabis in a sleek, self-contained unit. The Grobo One is action-packed to boot. Consumers get automatic watering, pH and nutrient feeding, as well as an LED vari-light system that the company says is custom designed to help make the plant grow. And how about the smell? That’s taken care of too, with a “no smell” carbon filter. Grobo is busy manufacturing more of their units, and we hope to see their units out in time for Canada’s legalization of cannabis in Summer 2018.
Next Leaf Solutions
Not all cannabis growers who want to do extractions with their crop can afford to purchase the expensive extraction equipment required. What if you didn’t have to worry about that expenditure? That’s where Vancouver’s Next Leaf Solutions hopes to jump in. They offer a mobile extraction and processing system that licensed cannabis growers can essentially pay Next Leaf to use. They’ll roll up to your property, so you hardly have to do anything. Next Leaf says that with this process, companies can increase their revenues – and they say it’s cost effective too. Take the stats they provide: With a 12 hour processing time, 80 pounds of trim can be turned into 8.5 pounds of distillate oil. The resulting oil is 99+% pure cannabinoids.
Another cannabis startup that has been secretly stepping up its game in Canada is Kaamos. CEO Donna Tremble says the company is in the midst of developing a technology that can prevent and detect counterfeit products in the supply chain using cryptography, machine learning, and Raman spectroscopy. The product can be dispatched at any part of the supply chain to ensure that the cannabis that ends up in the hands of end consumers is the safe, clean, legal cannabis that they have come to rely on. Counterfeit products are a big problem with pharmaceutical sector, and Kaamos hopes to nip the problem in the bud if similar problems ever arise in the legal cannabis sector.
With legalization taking storm in states across the US as well as in Canada, product innovation in the sector is soaring. Through ingenuity and invention, we will see the industry thrive, and consumers and business will prosper from that. Take the cool stuff being cooked up by Province, Ahlot, Grobo, Next Leaf, and Kaamos. If these are the startups at the forefront of cannabis in 2018, the future is in for a nice treat.
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CFN launched in June of 2013 to initially serve the growing universe of publicly traded marijuana companies across North America. Today, CFN Media is also the digital media choice for the emerging brands in the space.
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