The hemp and CBD industry has grown significantly in the UK and worldwide.
However, it is important to know that if your company or organisation wants to cultivate industrial hemp you need to apply for a controlled drug domestic licence in the UK.
You can read the UK government’s hemp factsheet for information on the licensing process for industrial hemp if you’re new to this industry.
What Products to focus your Hemp Business on?
There are a few popular products that you can focus your hemp business on.
One of the most popular is hemp oil. Hemp oil is an oil extracted from the hemp plant. It contains a variety of compounds, including cannabidiol (CBD) and tetrahydrocannabinol (THC), that have been shown to have potential health benefits.
Another popular product is hemp cream a topical product made from hemp oil and other natural ingredients. It’s commonly used to relieve pain, inflammation, and skin conditions. Hemp cream can be used on its own or as a base for other topical products.
If you’re already in the CBD business, producing some of these products, then you may want to find out more about tech advancements such as the internet of things that can help improve your hemp business, from better ways to grow and cultivate the plants to new ways to process and sell the products.
Here are just a few examples of how technology can help you take your hemp business to the next level.
- Automated growing systems can help you increase yields and improve quality control by automatically regulating factors like temperature, humidity, irrigation, and nutrition.
- Blockchain technology can be used to create a secure, transparent, and tamper-proof record of transactions in the hemp industry. This could be helpful for tracking product origin, verifying product authenticity, and ensuring compliance with regulations.
How Technology Can Help You Grow Your Hemp Business?
Technology can help you grow your hemp business in several ways.
1. Online Platforms connect Businesses with Customers
One way is by helping you to connect with potential customers and clients. Social media platforms like Twitter and Facebook are great for this, as they allow you to share information about your business with a wide audience quickly and easily. To help with your digital marketing efforts, check out these marketing automation tools.
2. Business Tools make Business Automation possible
Another way that technology can help you grow your hemp business is by automating some of the tasks associated with running a business. For example, there are now software programs that can handle customer relationship management, invoicing, and bookkeeping.
3. Analytics Tools Support Business Growth
Finally, technology can also help you to research the hemp market and find new opportunities for growth. By using data analysis tools, you can track trends in the industry and identify areas where there is potential for expansion.
The Latest Tech Advancements in the Hemp Industry
The hemp industry is constantly evolving and changing, with new advancements in technology being made all the time. This means that there are always new opportunities for those looking to get involved in this growing industry.
One advancement that has been made in the hemp industry is the development of new extraction methods. This is important because it allows for more efficient extraction of CBD from hemp plants.
This means that more CBD can be extracted from a smaller amount of plant material, making it more cost-effective for those looking to produce CBD products.
- Blogger and Educator by Passion | Senior Online Media & PR Strategist at ClickDo Ltd. | Contributor to many Education, Business & Lifestyle Blogs in the United Kingdom & Germany | Summer Course Student at the London School of Journalism and Course Instructor at the SeekaHost University.
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