PC Mag profiled Denver-based
Flowhub, a startup that makes software for the cannabis industry.
Excerpt:
The cannabis industry made $5.4 billion in 2015. Legally. That's $5.4 billion worth of businesses growing and cultivating plants, processing and shipping products, and selling marijuana, cannabis oil, and all manner of edibles at dispensaries. That figure is forecast to hit
$22.8 billion by 2020 according to the latest
State of Legal Marijuana Markets Report from ArcView Market Research and cannabis-focused data analysis firm, New Frontier. The cannabis industry's booming economy needs technology to function, and Flowhub is one of the companies creating hardware and software for businesses at every step of that process pipeline.
. . .
"You have a lot of people coming into this business from the black market, some who were growing for maybe 20 years illegally," said Sherman. "They're not used to best practices and standard operating procedures. A lot aren't technically inclined, either. Our goal as a company is to make compliance easy for the end-user so that, no matter what, people are staying compliant. The metrc system is the way we're going to legitimize cannabis in the United States."
Read the rest
here.
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