With the rise of the legalization of marijuana and cannabis products for both medical and recreational use across a growing number of U.S. states, a relatively new industry is figuring out how to operate efficiently and effectively. Along with differences in policies and regulations in each state, there are numerous guidelines and hurdles to jump through in the operational chain for cannabis companies.
As 2020 drew to a close, a significant trend of the year was consumer delivery services, with yearly revenue of online food delivery services going up 27% in 2020 and reaching $136.4 billion. Health concerns, regulations and lockdowns meant that it has often been far easier to simply have consumables delivered to the doorstep.
Delivering Cannabis is More Complex
Delivery services for more regulated products and industries like alcohol, tobacco and cannabis have made their way into the market, but these products require robust identification and authorization systems. While big players like Uber (NYSE:UBER) have said they are looking into cannabis delivery, the regulatory environment is still quite new compared to other regulated consumer products and could be subject to change. Even if cannabis is legalized at the federal level, there will still be difficulties and requirements unique to the industry.
While delivery services have become a regular part of life for many, the infrastructure and logistics of delivering…
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With the rise of the legalization of marijuana and cannabis products for both medical and recreational use across a growing number of U.S. states, a relatively new industry is figuring out how to operate efficiently and effectively. Along with differences in policies and regulations in each state, there are numerous guidelines and hurdles to jump through in the operational chain for cannabis companies.
As 2020 drew to a close, a significant trend of the year was consumer delivery services, with yearly revenue of online food delivery services going up 27% in 2020 and reaching $136.4 billion. Health concerns, regulations and lockdowns meant that it has often been far easier to simply have consumables delivered to the doorstep.
Delivering Cannabis is More Complex
Delivery services for more regulated products and industries like alcohol, tobacco and cannabis have made their way into the market, but these products require robust identification and authorization systems. While big players like Uber (NYSE:UBER) have said they are looking into cannabis delivery, the regulatory environment is still quite new compared to other regulated consumer products and could be subject to change. Even if cannabis is legalized at the federal level, there will still be difficulties and requirements unique to the industry.
While delivery services have become a regular part of life for many, the infrastructure and logistics of delivering…
