Driven by strong customer demand, yearly legal sales are expected to increase at a compound annual growth rate of 21%, to reach over $41 billion by 2025.
Read on to learn how Identiv’s radio frequency identification -powered smart packaging solutions can help the cannabis industry guarantee more secure operations throughout its supply chain.
Cannabis and hemp are natural products humans are increasingly consuming for their perceived health benefits.
In many jurisdictions where these products are legally accessible, government regulations tend to specify only the basic security requirements.
Identiv provides one of the first true tech solutions in the cannabis industry for authenticity and safety.
Our strategic partnership with TrueGreen allows us to digitize cannabis products and smart packaging with RFID and near field communication technology.
Powered by Identiv’s customized best-in-class RFID, NFC, and sensor designs, TrueGreen provides the world’s first cloud-based cannabis asset and smart packaging management platform.
Tim Daly, President of TrueGreen, believes the collaboration with Identiv brings unrivaled experience, innovation, and depth in RFID, NFC, and sensor design.
With RFID tracking, it is possible to track cannabis from seed to sale.
Identiv collaborates with cannabis software providers like TrueGreen, plant growers, and distribution channels to fit the right RFID tag according to their environment and processes.
Most smartphones come equipped with an NFC reader, allowing customers to scan the label to access unique product information, including ingredients, origin, lab testing results, and more.
We are a global provider of physical security, secure identification, and IoT solutions, and we offer top-of-the-line options to secure the cannabis industry, including real-time visual verification and situational awareness.