The Role of Big Data in the Medical Marijuana Industry

Chartoftheday 6681 The States Where It S Legal To Smoke Marijuana N

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

Ransomware Hostage Prevention Tips

Ransomware Hostage Prevention Tips

Ransomware Prevention Tips (Updated: 09,24,2020) Ransomware can bring your business to its knees. Whether it comes as a system- or network-wide infection, it can do a severe damage to your company. Attacks are at a ...
Amazon's Varies Revenue Segments

Amazon’s Varies Revenue Segments

Amazon Revenue Amazon has become the largest retailer worldwide, however it is projected to make up less than 5% of U.S. retail sales by the end of 2020. While most people are already familiar with ...
Bigcommerce

Magento 1 Is Nearing Its End – Is It Time To Migrate To BigCommerce?

Time To Migrate To BigCommerce? Nearly three years ago, Magento declared that they would be ending support for their Magento 1 software. All versions of Magento from 1.1 – 1.9 would then work without maintenance, ...
Mark Casey Apcela

How to Optimize Your Office 365 Performance with Network Peering

Optimize Performance with Network Peering Microsoft Office 365 usage has grown significantly in recent years. More than 56 percent of organizations all around the world now use Office 365 cloud-based services. In terms of user ...
Sam Bowman

Medical Data Online: What Are the Risks?

Medical Data in the Cloud Executive-level healthcare leaders must have a thorough understanding of cloud-based security risks. Patient data can vary from simple information such as height and weight to complex genetic markers that can ...
Aarti Parikh

What are the Capabilities of the AWS Serverless Platform?

AWS Serverless Platform AWS serverless compute services allow to build and deploy applications on AWS cloud without having to manage the servers. AWS serverless platform enables vendors to deploy cloud solutions without server provisioning, deploying, ...