Cannabis is quickly going to the nerds. As it gradually becomes legal around the world, startups have responded with innovative products from laser-powered water bongs to CNC machined vapes to AI-powered herb grinders. Got a friend who wants to get a bit fancy with it? Give’m the gift of high-tech consumption.
Please consume responsibility.
Throughout 2021, cannabis companies made major strides on the back of unprecedented consumer demand. Companies like Dutchie and Jane Technologies raised hundreds of millions in new venture financing, leading to industry investments climbing 82% in the second half of 2021. Others companies like Leafly and Agrify turned to public markets to raise new capital. Amazon stopped screening employees for marijuana, and Apple started treating cannabis as it does with pharmaceuticals and started letting users order and pay for cannabis in apps (in places where that’s legal).
There’s high hopes for cannabis in 2022. Cannabis is now legal for use in 36 states, and there’s traction in Washington that could end its federal prohibition.