CLOUDTWEAKS DEMAND GENERATION

Each year we provide a few highly customized demand generation opportunities to partners and going into our 10th year at CloudTweaks is certainly no different. We are on the lookout for technology vendors to collaborate with on a number of initiatives in 2019. 

Sponsorship opportunities will be available for all budgets and sizes including the (premium) thought leadership exposure program or the webinar, podcast, white paper or explainer video lead generation program. 

chartoftheday_6681_the_states_where_it_s_legal_to_smoke_marijuana_n

The Role of Big Data in the Medical Marijuana Industry

Medical Marijuana Industry

Given that it’s already playing a role in disrupting and even revolutionizing entire industries almost overnight, it’s no surprise to learn that big data has its digits in medical marijuana, too.

In fact, it’s been in large part due to the sharing of statistically significant data, from every corner of the globe and every walk of life, that interest in marijuana as a medicine has “bloomed” in the public consciousness and been further legitimization scientifically, socially and politically.

Medical Marijuana

Image Source: Statista

Here’s a look at how the emergence of data collection and organization technologies — big data — has helped legal medical weed come of age.

Granting Credence to Centuries of Medical Apocrypha

The practical uses for hemp and the medical applications of marijuana were well known to our founding fathers in the former case and ancient civilizations in the latter. However, anecdotes aren’t helpful without an accompanying body of scientific knowledge. Unfortunately, with marijuana stubbornly a Schedule 1 drug in the U.S., research has been slow in taking off.

Thankfully, new data streams are opening up in states where medical marijuana is legal and even elsewhere. This is helping researchers and statisticians better understand the demographic diversity of medical cannabis use, as well as its potential benefits for a range of patient conditions.

It’s even helped studies shed light on the likeliest careers and livelihoods where patients take part in marijuana use for depression, anxiety, chronic pain and a host of other diseases and injuries related to the worksite and everyday living.

The implications of applying big data to researching medical cannabis in a structured, publicly accountable and statistically significant way are enormous. This research concerns everything about how pot acts on the body and on society. It includes everything from the basic biological processes that take place in a patient when cannabis is administered to using millions of Twitter accounts to find so-called hidden communities of marijuana users all across the country.

In finding them, researchers also found likely communities of people who self-medicate in a legally fraught way, and who could likely be brought into the fold more quickly by politics and jurisprudence if their presence was known and better understood.

In this example, it’s Twitter providing the data: data in the form of statements on the public record — appropriately anonymized during the scientific process — concerning marijuana use among the general public.

Proving That a Controversial Industry Can Be Wisely Governed

Big data has proven itself a powerful ally to the government — that is to say, to the community — in the sensible and rigorous regulation of medical marijuana as a burgeoning industry.

With the goal of monitoring compliance among dispensaries and other businesses and eliminating fraud in a potentially risk-prone industry, the government set up the Marijuana Enforcement Tracking and Reporting Compliance Office to gather reports containing point-of-sale data from every legal distributor of marijuana products.

The collection of this data, and the actions undertaken by METRC in response to it, keeps patients and their dispensaries honest. It helps deliver the much-needed sense of oversight and legal prudence required in an industry which, even in legal weed states, is still rightly considered a controlled substance.

This data-driven oversight has created a cottage industry of smart point-of-sale (POS) kiosks and digital customer and inventory tracking tools. These tools make compliance, including identity protection and fraud prevention measures, easy for small-business owners and their employees — and small business describes many dispensaries — to handle in the course of an average business day.

Already, we’re seeing successful small marijuana tracking and compliance businesses spring up in legal weed states like Nevada, such as MJ Freeway. There are also other companies that span multiple states, such as BioTrackTHC, which has a presence in five states as of this writing.

Studying and Organizing Public Sentiment and Political Drift

Medical and recreational marijuana is a hot topic, politically speaking. Both politics and marijuana have one unlikely thing in common: Their ongoing success requires lots and lots of data.

The more liberal of the two U.S. political parties is cornering marijuana legalization and regulation as a potentially winning issue in 2020 and beyond. Multiple rounds of polling conducted by research institutions like Gallup and Quinnipiac separately found that 72 percent and 95 percent of Democratic voters, respectively, support legalization and/or medical weed.

Now that we’ve achieved nearly ubiquitous internet connectivity, the collection of objective values like demographic data, coupled with subjective values like “opinion on medical weed,” moves our institutions a little closer to practicing true referendum-style democracy.

In this example, big data is used to get the public back in touch with their elected officials through the tried-and-true technology that is the secret ballot.

Data Is the Future of the Medical Marijuana Industry

Legal marijuana wouldn’t have gotten here without big data, and the marijuana industry probably wouldn’t survive without it.

With big data, we’ve seen what’s possible when technology, medicine and civics coalesce around a popular, highly controversial, and potentially beneficial and consequential public issue.

By Kayla Matthews

Kayla Matthews

Kayla Matthews is a technology writer dedicated to exploring issues related to the Cloud, Cybersecurity, IoT and the use of tech in daily life.

Her work can be seen on such sites as The Huffington Post, MakeUseOf, and VMBlog. You can read more from Kayla on her personal website, Productivity Bytes.

View Website

RESOURCES

Cloud Monitoring and Data Performance Services

Cloud Monitoring and Data Performance Services

CLOUD PERFORMANCE MONITORING These services will accompany you in monitoring and safeguarding your data, critical applications and websites in real-time. This resource list is in no particular order of preference. CA Technologies New York based CA Technologies offers software solutions and ...
Machine Learning Open-Source Tools

Do More With Machine Learning Thanks to These 6 Open-Source Tools

Machine Learning Open-Source Tools We are in the middle of a machine learning, AI and big data renaissance — at least, that’s what we’re calling it. Seemingly everyone is interested in this technology these days, and for a good reason ...
10 Prototyping Tools To Help Build Your Startup

10 Prototyping Tools To Help Build Your Startup

Prototyping Tools We are continuing this week by focusing on startup tools, tips and tweaks that will help you build, design, manage and market your way into the cloud based business that you want to be. Last week we offered a ...
The Future Of Cybersecurity

The Future Of Cybersecurity

The Future of Cybersecurity In 2013, President Obama issued an Executive Order to protect critical infrastructure by establishing baseline security standards. One year later, the government announced the cybersecurity framework, a voluntary how-to guide to strengthen cybersecurity and meanwhile, the ...
DevOps

DevOps

FIRST THINGS FIRST. WHAT ARE MICROSERVICES? Microservices are an engineering approach and architectural style of computing that is becoming extremely important for organizations wanting to innovate through a stronger engagement with their ecosystem of customers, suppliers and partners. To explain ...

CONTRIBUTORS

Quantum Computing opens new front in Cloud!

Quantum Computing opens new front in Cloud!

Quantum Computing As the amount of data in the world is rapidly increasing, so is the time required for machines to ...
Cloud’s Mighty Role - Why Custom Development is the Next Big Thing (Again)

Cloud’s Mighty Role – Why Custom Development is the Next Big Thing (Again)

Custom Development is the Next Big Thing Today, software is playing a very important role in performing basic business processes ...
Want to dip your toe into the cloud? Challenges of a Large Migration

Want to dip your toe into the cloud? Challenges of a Large Migration

Challenges of a Large Migration Migrating to the cloud can be a daunting task. First you have to go through ...
How to Transform Your Operating Model for the Cloud

How to Transform Your Operating Model for the Cloud

Transform Your Operating Model It can be tough for established organizations to embrace change, so when they start working with ...
Driving Transformation? It is possible to predict the future.

Driving Transformation? It is possible to predict the future.

Driving Transformation Previously, I wrote about the criticality of defining the Vision for your transformation - what is your real objective, how ...
Bryan Doerr

Cyber-Threats and the Need for Secure Industrial Control Systems

Secure Industrial Control Systems (ICS) Industrial Control Systems (ICS) tend to be “out of sight, out of mind.” These systems ...
How prepared are you to overcome the misuse of AI

How prepared are you to overcome the misuse of AI

Overcome the Misuse of AI Have you ever considered that the AI system integrated into your organisation's computing infrastructure could ...