The New Tech Running Canada’s Cannabis Industry

Published on: 21 February 2019 Last Updated on: 08 August 2019

Since cannabis for recreational use was legalized in 2018, many industry watchers have noted that the cannabis industry may well become a major driver of economic growth in the coming years.

With the global cannabis market estimated to be worth $31.4 billion by 2021, investment in all aspects of this industry has soared, with many financiers banking on a significant ROI if Canada becomes an international destination for cannabis tourism.

But not all of this investment is in cannabis production and sales. While the dispensaries popping up in cities across Canada are one of the most visible signs of the cannabis craze, sales are not the only driver of the cannabis economy. In fact, one of the most fruitful areas of investment has proved to be in the tech needed to sustain production in a responsible and streamlined way.

The Cannabis Act stipulates a strict regulatory regime in an effort to end the extensive cannabis black market that exists in Canada.

Central to this regulatory regime is the requirement that every cannabis plant has grown in Canada be tracked from “seed-to-sale” to guarantee that production stays within the mainstream economy.

Because seed-to-sale tracking requires producers to gather and report on vast quantities of information about their stock, many are turning to bespoke tech solutions made for the cannabis industry that help them stay compliant with regulations.

By far the most popular seed-to-sale platform in the country is Ample Organics, which already serves seventy percent of Canada’s licensed producers.

This platform provides the latest seed-to-sale software to help producers track and report the development of every single one of their plants, and because it uses an intuitive system based around barcodes and wireless scanners to provide immediate database updates. It also reduces the risk of human error and makes data gathering completely seamless.

This isn’t just useful when it comes time to provide reports — although Ample Organics software is designed specifically to help licensed producers stay compliant with Canada’s regulatory framework. It also makes quality control, harvesting, packaging, and sales easier as well. With Ample Organics, producers have access to a customized e-commerce site that facilitates inventory control and labeling, so customers always get exactly what they want.

In a brief time, they have been legal for consumption in Canada, recreational cannabis products have already proved to be a hot commodity. And as with all hot commodities, businesses that want to cash in need to be intelligent about how they invest. With such a highly regulated product, it is important for any new producer to make sure no shortcuts are taken, and that their operations are legally compliant at every stage of the production process.

Companies that want to take advantage of the exciting opportunities that exist in the cannabis industry should be sure to invest in the cannabis tech that will set them up for long-term success, and guarantee that their business model takes into account the requirements of Canadian law.

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Business potential of stock broking agencies in India

Over the last few years, quite a few stock brokers have been forced to shut shop due to weak business. This is true not only of broking but also of other businesses where automation has been taking its toll. To survive and thrive in the stock broking business you need to be able to extrapolate the key trends in stock broking and position yourself accordingly. How do you differentiate yourself as a stock broker? That is the only way you can realize the full potential of stock broking. Remember, each year Indian investors are investing more than $25 billion into equities either in direct equities or via equity and ELSS funds. That is a lot of money. How do you grab the most of this potential? There are five things that you need to be aware of. The industry is getting divided into two segments: In the broking industry, you either need to run with the hares or hunt with the hounds. The broking industry as a whole is getting stratified into the zero brokerage discount brokers and the full-service brokers. The room for the in-between brokers is increasingly reducing. If you want to be a discount broker then focus on an efficient offering at a very low cost. Alternatively, if you want to be at the full-service end then you need to be prepared to invest in research and technology. In the past, there was room for the median brokers who were somewhere between the full-service brokers and the discount brokers. With both these categories of brokers pushing their boundaries, the gap in between is getting squeezed. First, be clear on your positioning and your strategy should follow after that. Be clear on the value proposition: This is a logical corollary to the first point. What is your value proposition? Are you offering the lowest brokerage in the market? That is an advantage that is hard to sustain over longer periods of time and the model is always vulnerable to sudden changes in the market undertone. Secondly, are you offering the best advisory services in the business? This called multi-level skills in portfolio design, need understanding, portfolio customization, portfolio review etc. This is quite complicated and any advisory is always open to an opinion about success and failure. In a competitive market, this can work both ways. Lastly, is technology your USP? In the past, technology was just a tool, but that has changed. Today it is possible to look at broking as a software company and offering a robust trading model that is super efficient and intelligent. Automate and employ technology intelligently: If you look at how brokers are adding value to their customers, most of the value addition in the last few years is coming through technology. Thanks to broadband and the use of smartphones, it is possible to trade on the fly using your mobile app. Brokers are also employing artificial intelligence and machine learning to make machines increasingly think and strategize like humans. And then there is the all-powerful call to action. Here the customer is guided seamlessly through research, screening, and execution without really realizing that they are different parts of the trading system. Engage the customer continuously through financial planning: Broking is increasingly commoditized. That is more the case when you try to offer broking as a solution rather than as a service. For an investor, the solution is the creation of wealth in the long term. The solution could also be managing risk. The solution could also entail profiting from short-term trends. Most often brokers tend to confuse between the product and the solution. Focus on the solution in this industry. When you are in the financial services industry you always start with the financial goal in mind. Help the client identify long-term goals and then prepare a plan to reach these goals. As a broker you will find out how easily equity, mutual funds, and even bond sit prettily into this scheme of things. That is the best way to increase your customer engagement and improve your ROI per customer. It is just that in this case, the ROI flows naturally. Provide a delivery platform that simple, elegant and actionable: One of the critical success factors in the broking industry will be the variety and robustness of the delivery platform that you offer. If you offer more platforms like online, offline, mobile, call-n-trade, SMS trading, non-market trades etc, then your chances of engaging the customer meaningfully is much higher. Your delivery platform should also be seamless such that the movement between research ideas; advise, screening and execution should be smooth and with minimum clicks. That is when the clients can actually experience the value proposition. The key issue here is that the opportunity in the broking industry is still huge. It is just that the nature of the opportunity is changing. As a broker, you need to position yourself in the bracket that reflects your core strengths the best. The rest will follow! Read Also: How To Become A Sub-Broker? How Businesses Can Use Stock Trading

Six Low-Investment Business Ideas You Can Start Today

Although they may already have a traditional 9-to-5 job, many people today are slowly beginning to realize that in order to have financial security, and they need to have multiple sources of income. Because of it, many people are looking to give up their daily jobs in order to become self-sufficient and start their own businesses. Even if they prefer not to completely leave their job, the general population has already realized that with the economic strain on income generated these days, they will need to have more than one source of income. Unfortunately, people are generally hesitant to do so and they might have a valid reason too. Starting your own business is not as easy as it sounds; in fact, successful entrepreneurs seem to think that if anything it is even harder than it used to be because of the many restraints present in today’s world. The main restraint being the amount of funding required in starting a business which, due to inflation, has gone up day by day. However, there still are many other options one can take to start a successful business which does not require a huge sum of money so here are 6 low investment business ideas that you can start today. 1. Offering services: While every business idea does require at least little funding, offering services to people requires no funding cost at all. It is a great way to earn money if you are looking to avoid taking small business loans or any other loan although that might be beneficial for some people. There are many services you can perform that do not require funding and are easy to master too as described below. Recruitment Services: Many local small or mid-scale businesses are interested in hiring suitable employees, and you could provide that service for them. It only requires you to build a database of potential employees and match them to the respective companies depending on what they’re looking for. If the person you recommended does get hired, they will pledge their first month’s salary or part of the salary to you, and in this way, you can earn money without investing a heavy amount of money. Party Planning: Providing party planning services might be a hectic job, but it is a job that pays well. Many people will pay a good amount of money to avoid going through the hassle of party planning and this is where you can provide that service for them. It won’t require any of your investment, and you can easily make a profit off of it. Once you’re experienced enough, this can easily be turned into a full-time job and then you can look to further expand your business. 2. Online Freelancing: In today’s modern world, almost every one of us has access to an internet connection and a computer, online freelancing is one of the best options, if not the best, you can still take it if you’re looking to avoid a major business investment. If you feel like you possess an IT skill that people are willing to pay for, online freelancing is the way to go. With various freelancing portals like Fiverr or freelancing.com already available to you, all you have to do is to invest in a decent computer and a fair internet connection (if you don’t already have one). 3. Marketing Services: Businesses are always looking to expand their market reach and many local businesses in your area will be looking to do exactly that. That presents an opportunity for you as it is a service you can provide through either affiliate marketing or digital marketing, both of which require little to no investment at all. If you’re going the affiliate marketing route, the companies will provide you with their products that you’ll have to sell or the operations you have to advertise, so none of your investment is in play. Similar is the case with digital marketing in which companies are always looking for digital marketers to be able to provide marketing copy that is search engine optimization (SEO) friendly and can transform websites visitors into actual customers. You can provide this service through the comfort of your home provided you have an internet connection and a computer. 4. Online Product Marketer/Seller: Online product marketer or seller is somewhat similar to affiliate marketing with the only difference being that you’ll have to sell products directly to customers online. The only requirement from you will be to be familiar with the directory of the products of the company, and you won’t have to have any of your investment. The more products you’ll sell the higher you’ll earn as the earning is directly related to the commission made selling a product. Online market places like eBay and Alibaba have this option, and you can easily master it as it requires no real training. 5. Being a personal assistant: There are a lot of people who will pay a handsome salary to get all of their work organized and are looking for a personal assistant. Although this does require you to be available at times your employer demands so it may put a strain on your job; however, once you get around the timings, it is an easy to do a job that requires no investment and pays well. If you feel like this isn't the job for you, then its alternative is available which is to become an online assistant. 6. Social media consultant: With almost one billion people using popular social media today, businesses are looking to promote their products/service on social media. You can provide this service for them, and all you’ll have to do is to search for the right people/pages online and market the products to them. This is a risk-free business that required almost no investment since you can do this even from the comfort of your phone. Read More : 1. Make Your Business Popular Online 2. Building A Brand For Your Small Business 3. Top 5 Types Of Startup Business Loans

5 Reasons To Use A Wheelchair Transport Service

Someone with limited mobility needs a reliable source to get them where they need to go safely. Did you know that the wheelchair is one of the most common assistive devices with an estimated one percent of the world's population needing one? With this information in mind, there is an increased awareness of the need for a wheelchair transportation service. In this brief overview, we'll explain four of the most common reasons to consider it. What Is A Wheelchair Transportation Service? A wheelchair transportation service is a company that helps with the transport of people who use wheelchairs. This can be done with a variety of wheelchair-accessible vehicles, including buses, vans, and cars. The service is typically used by those who have difficulty using public transportation or do not have access to a private vehicle. Some individuals who can benefit from such services would be: Overview: People with disabilities- many people who have disabilities need a wheelchair at least some of the time to get around. It could be people with physical or mental limitations who need help with transportation. The elderly- as we age, it becomes more difficult to move around. The reason for reduced mobility can be due to a number of factors, including muscle weakness, joint pain, and balance issues.Those recovering from surgery or an injury- after a hospital stay, many people need help getting around. This is especially true if they are not able to use public transportation. Why Use A Wheelchair Transportation Service? Now that you understand a little more about what wheelchair transportation is and who needs it, the next question is: why should you use it? Here Are Five Reasons To Consider Using A Wheelchair Transportation Service First, these services save time. Even if you have prior experience with traveling with someone who needs a wheelchair, it takes a lot of time to do so properly. From getting the wheelchair into the vehicle to making sure that the person is secure and comfortable, it can be a lengthy process. When you use a professional transport service, they will have the experience and knowledge to get the job done quickly and efficiently. Needing a wheelchair shouldn't be a burden on that individual or anyone else in the family. For example, these services are often used for individuals who need to get taken to their medical appointments and rely on an expert to get them to their destination on time. Another benefit of using wheelchair transportation is the safety it provides. When you're entrusting someone else with the care of your loved one, you want to be sure that they will be safe and well-taken care of. A professional service will have a team of trained drivers who know how to properly secure a wheelchair in the vehicle and make sure that the passenger is comfortable and seated correctly. This peace of mind you'll get is worth the cost of the service for many people. It's also important to consider the driver of the vehicle. These individuals have the necessary training to deal with any type of situation that might come up. Third, it is a door-to-door service. This is a great benefit for those who have difficulty getting in and out of a vehicle. The driver will help with the wheelchair and make sure that the passenger is able to get into the home or building safely. For instance, think about how difficult it would be to transport someone during inclement weather. It's much easier to let the driver handle it so that you can focus on getting the person inside quickly and safely. Fourth, these services provide social and emotional support. Many times, those who need a wheelchair also need help with their emotional well-being. The drivers are trained to deal with passengers who might be anxious or just need additional support to get to their location safely. More often than not, people who work for a wheelchair transportation service form bonds with their regular passengers. These bonds can provide a great deal of comfort for someone who might be struggling with their health or mobility. Finally, these services are cost-effective. When you consider all of the benefits that come with using a wheelchair transportation service, it's easy to see how it can be worth the investment. These services can save you time, money, and worry in the long run. Drivers For Wheelchair Transportation Services Are In High Demand If you're looking for a satisfying career, being a driver for a wheelchair transportation service is a great option. These services are always in need of reliable drivers who are willing to work with people who have special needs. The job can certainly be challenging at times, but it's also very rewarding. You'll have the opportunity to help people while also getting paid for your time. If you enjoy working with people and have a passion for helping others, this might be the perfect career for you. If you or a loved one needs assistance getting around, consider using a wheelchair transportation service. These services offer many benefits that can make life easier for those who need them. From saved time to improved safety and emotional support, these services can be a great option for many people. Additionals: 1. Important Things to Transport during a Relocation2. The Latest Way of Transportation: Electric Motor Scooters3. Seven Great Reasons to Use a Car Transportation Company4. Denise Hamet Discusses Trends in Creative Transportation Strategies

The New Tech Running Canada’s Cannabis Industry

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Business potential of stock broking agencies in India

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The New Tech Running Canada’s Cannabis Industry

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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