Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
    pexels pavel danilyuk 8112119
    Data Analytics Is Revolutionizing Medical Credentialing
    8 Min Read
    data and seo
    Maximize SEO Success with Powerful Data Analytics Insights
    8 Min Read
    data analytics for trademark registration
    Optimizing Trademark Registration with Data Analytics
    6 Min Read
    data analytics for finding zip codes
    Unlocking Zip Code Insights with Data Analytics
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: AI Is Transforming CBD Rapidly Into A Massive Billion-Dollar Industry
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > Artificial Intelligence > AI Is Transforming CBD Rapidly Into A Massive Billion-Dollar Industry
Artificial Intelligence

AI Is Transforming CBD Rapidly Into A Massive Billion-Dollar Industry

Here's how artificial intelligence, or AI, is quickly transforming CBD into a very successful industry.

Diana Hope
Diana Hope
8 Min Read
cbd data usage
Shuterstock Licensed Photo - By pongsapol ponata | stock vector ID: 1420024637
SHARE

According to Statista, the US consumer sales of CBD are expected to reach around 1.8 billion dollars by 2022, which is a considerable increase from nearly half of billion dollars, as it was in 2018. This also follows the trend of the legal cannabis market in most states of the US. Plus, the trend derived from the 2018 hemp farming act, which legalized hemp farming everywhere across the United States.

Contents
Artificial Intelligence is Changing the Future of the CBD MarketMarketingProductionResearch  Delivery AI is Incredibly Important to the Future of CBD

Artificial Intelligence is Changing the Future of the CBD Market

AI has changed the direction of countless industries. The CBD market is no exception. A growing number of CBD marketers are looking for new ways to leverage big data, AI and predictive analytics to reach a growing base of potential customers.

Media also had its contribution to this massive increase, as we hear more and more often about this natural remedy and all its possible benefits. Plus, everywhere you look now, be it social media, blogs, or even TV, everybody is talking about replacing pills, which may have multiple side effects, with natural remedies. 

Yet, in a data-driven world, where technology surrounds us everywhere, it’s no surprise that the CBD industry also saw an increase thanks to the technological evolution. 

More Read

AI Projects
AI Projects No Longer Require a Professional Developer’s Touch
The Rise of the Bots: The Good and the Bad
AI is Creating Powerful New Online Time Tracking Tools
The Rise of Machine Learning and AI is Improving Lives in 2018
The Rapid Evolution Of IoT: Trends Shaping The Digital Landscape

Data helps to drive every industry now. It allows businesses from all sectors to lower their operational costs and utilize resources in the most effective possible ways. And, the CBD industry is no exception to the rule. 

Marketing

Digital marketing is king now in all industries. If businesses from all sectors want to sell their products and services, they must go online as that’s the place where they can connect with consumers today. And AI is a significant part of their marketing strategies. 

Artificial intelligence is nothing like you see in popular sci-fi movies. It is instead a system that can perform tasks that used to require human intelligence, including problem-solving, recognizing emotions in customers, and even diagnosing diseases. 

Using big data, machine learning, and other processes, AI can gain insight into the target audience of an industry. Insights that lead to more effective customer touchpoints. 

Similar to all other industries, the CBD industry also saw a massive increase by using AI to promote CBD products and all their benefits. AI helped this brand-new industry eliminate much of the guesswork involved in human interactions. Moreover, it helped with all the marketing processes, including content generation, ads, web design, and even improved customer service.

Big data also plays a vital role in CBD marketing as analytics companies are using data to inform businesses of the right marketing decisions to makes. They provide real-time market insights, including trends in both medical and recreational markets. 

Production

AI-powered technology also helps with the agricultural production of cannabis or hemp plants, from which businesses extract CBD. Using AI, traditional farmers can learn how to eliminate some of the biggest challenges of hemp-based CBD oil manufacturing, including pests, disease, and growth time. 

How does AI help grow hemp and cannabis plants? By automatically integrating, reading, and transforming data recorded from automated systems that growers use, including environmental controls, lighting, or automatic irrigation systems. AI-powered technology has the ability to automatically change the temperature, light, and many other aspects involved in the growing process that help crops thrive. 

So, from crop management to plant health, AI technology can help growers get the perfect recipe for crop production and improve consistency in their production process.

For example, a new form of artificial intelligence, built by William Bond Ai company, is expected to have a significant impact on the currently labor-intensive production process of the crops. 

The robot can help growers by nurturing the pants and by assisting in breeding them to develop particular traits. Moreover, the robot, William, can also help study the effects of cannabis on patients who use it for medical conditions such as epilepsy. William can detect levels of THC or CBD in cannabis plants, and even recognize when a plant is under stress using infrared radiation. It can also identify damaged areas in plats which it can later treat or remove.  

But that’s not all. The robot isn’t only a simple tech farmer, it is also a teacher for other robotics by sharing its discoveries in every event that happens in a crop and the solutions it uses to solve them. In other words, the robot is continuously sharing is agricultural experience with other robots as well. 

Research  

AI in healthcare and biomedical research is here for some time now. Using processes such as machine learning and big data, AI can help researchers get insights on the potential effects and benefits of CBD. 

Traditionally, scientists conduct studies on small groups of patients from which they draw results, which they extrapolate to general populations. Now, this is still an acceptable and very relevant method of research. Yet, with AI, scientists can do even better. 

Biotech companies in the CBD environment can now take advantage of AI and big data to perform their research. How? By acquiring large sets of information from various sources, often, the Internet, these companies can draw results based on more data. Next, using machine learning, these companies can get predictions for the future. 

Delivery 

Growing the product and advertising it online isn’t enough for the CBD industry to continue to grow at such fast speeds. The products must also get to the end-user, and that’s when AI steps in again. There are a lot of great reasons for CBD marketers to rely on AI.

Producing the crops is the first step, yet, just as important is to deliver the products quickly and efficiently to end consumers. And artificial intelligence can help companies move products across the nation. 

For example, an online CBD store can use an app to provide CBD product deliveries by using data to help predict the supply and demand and change inventory and delivery based on the data they collect. 

The CBD industry is definitely here to stay and will continue to see significant growth over the next few years. It’s no surprise that artificial intelligence and big data will remain top of mind for companies in this sector.  

AI is Incredibly Important to the Future of CBD

AI is being used to grow the CBD market in countless ways. It is going to be invaluable to the industry in the months to come.

TAGGED:AIartificial intelligence
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

ESG reporting software
Data Shows How ESG Reporting Software Helps Companies Achieve Sustainability Goals
Big Data Infographic
ai in marketing
AI Helps Businesses Develop Better Marketing Strategies
Artificial Intelligence Exclusive
agenic ai
How Businesses Are Using AI to Make Smarter, Faster Decisions
Artificial Intelligence Exclusive
accountant using ai
AI Improves Integrity in Corporate Accounting
Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

AI analytics
AnalyticsArtificial IntelligenceExclusive

AI-Based Analytics Are Changing the Future of Credit Cards

6 Min Read
artificial intelligence tech venture abroad
Artificial Intelligence

Actionable Tips To Set Up an AI Tech Venture Abroad

6 Min Read
AI and automation in travel industry
Artificial Intelligence

Why AI Is Important for Automating Travel Policy Compliance

11 Min Read
AI for video editing
Artificial IntelligenceExclusive

AI For Video Editing Software: Do The Benefits Outweigh The Risks?

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?