The legal weed market is growing in 2020 with the number of successful hemp startups around the globe. Along with it, an increasing tech sector has sprouted up around the fast-growing hash economy. From London to Australia and Canada to Colorado, there’s a rapid growth of innovative tech companies and startups reimagining how the cannabis industry does business and engaging its expanding base of regular consumers. North American legal marijuana sales were recorded around $6.7 billion in 2016 and more than $10 billion in 2018. The cannabis industry is the creator of new job opportunities in countries where weed is legalized.
Official website of 20 hemp startups in 2020
Countries where medical-use cannabis is legal:
- North Macedonia
- New Zealand
Cannabis businesses see a wide variety of customer base, which are eager to buy preferred strains, edibles, or oils as conveniently as possible, either through online shopping or in dispensaries at the point of sale. Marketing Automation platforms are required by the Budtenders and ganjapreneurs to keep track of their product catalogues, manage the books, and keep customers coming back through, discounts, deals, promotions, and loyalty programs. Hemp startups require seed-to-sale systems to oversee compliance and make sure every product is accounted for.
Here’s the list of top 20 Hemp Startup in 2020 – worldwide:
1. HO KARAN
HOKARAN is a French natural cosmetics brand made with Cannabis sativa. The company develops and markets a new range of cosmetic products that are effective in fighting urban stress and pollution. They use hemp in their products, which is an ecological and multipurpose plant, whose oil is known for its remarkably moisturizing, strengthening and firming properties. Their products are manufactured in France and are suitable for both the genders. Their mission is to offer a natural, healthy and responsible solution to all sources of stress – anxiety, pollution, fatigue, and more.
Daye is a London based CBD infused pain-relieving tampons startup. Founded by 24-year-old Valentina Milanova in 2019, Daye has already become a popular brand for female health products “designed with women in mind.” The startup’s first product is a newly developed CBD infused tampon, which helps to minimize period cramps (or dysmenorrhea) as an alternative to traditional painkillers. CBD is extracted from the flower of the industrial hemp plant, a legal relative to marijuana. Daye claims that its product will be more hygienic and sustainable than regular tampons.
Eaze is better known as “Uber for weed” or the “Amazon of cannabis”. It is an online marketplace and technology platform that offers legal access to cannabis through the safe delivery process. Eaze supports local cannabis manufacturers by establishing an on-demand delivery option, and their online market platform gives customers a unified e-commerce experience along with information on product selection and safe consumption. Eaze is also one of the best-funded hemp startups in the industry, with $51.5 million to its name.
Baker is the leading CRM for the hemp industry, helping dispensaries gain more profit and build lasting relationships with their customers in one easy-to-use platform. The company is also known as the Salesforce of cannabis, and the analogy isn’t just smoke. Their CRM and marketing automation platform are active in more than 1,000 dispensaries and with over 1.2 million customer base across the US and Canada. Baker also collaborates with most of the major seed-to-sale players, giving manufacturers an arsenal of e-commerce, marketing, and sales tools to keep customers coming back.
LeafLink is the biggest US and Canada based online B2B platform for connecting cannabis brands with retailers and dispensaries. The company has helped hundreds of cannabis brands retailers save time on wholesale ordering, so they can focus on what matters most to their business. LeafLink is the largest online market platform for dispensaries and provides a collection of products including streamlined ordering, CRM, reporting tools and fulfilment and shipment queues. The company’s headquarters are in LA and NY and is currently live in California, Colorado, Arizona, Nevada, Washington, and Oregon.
Home-grow devices are becoming popular around the globe, one of which is the Colorado-based LEAF. It is a fully automated plug-and-plant cannabis growing system backed by $4.5-million in funding. The hardware device is sleek and classy and comes with a supporting mobile application. So of its features are precise temperature and humidity control, Automatic nutrient dosage, odour preventing carbon filter, BIOS LED light and more.
Just like Grobo and LEAF, Seedo is a fully automated, home grow device that’s about the size of a mini-refrigerator. It is app-controlled, where you can choose a strain to grow, and after you plant the seed in its basin; you don’t need to open the device until it’s time to harvest. Seedo is among several successful hemp startups US offering this kind of home-growing kit, creating a self-contained ecosystem with LED lighting. The system has an internal HD camera for monitoring, Carbon Dioxide system and is completely smell proof.
Flowhub is all about solving complex problems, creating meaningful social change in the world of cannabis, and connecting with the community. Flowhub is the green standard legal cannabis selling company in Denver. It is an integrated hardware and software platform, which manages inventory and compliance, from growth facilities all of the ways through to the retail point of service in dispensaries. Flowhub abides by the state-by-state compliance regulations, helps bud-tenders manage products and discounts in dispensaries, and generates data visualizations analytics and reports. The startup has $3.8 million in total capital and continues to expand to more dispensaries.
MassRoots is a poplar social platform for the cannabis community. There are more than 1 million users on the platform, and the app is compatible with a mobile phone, tablet, desktop and iPads. Users can search for strains or dispensaries, find smoking buddies, and post content related to Cannabis. The platform is also beneficial for dispensaries because they can connect with customers and post regular updates. Along with that, MassRoots has also launched a dispensary-focused platform that helps in automatic menu updates and online ordering. It is the biggest and most well-known online hemp community.
Kassi Labs Inc. is among a multitude of Israeli Cannabis hardware startups bringing new products to market. The Kassi is a feature-packed connected device (IoT connected) for cannabis storage and consumption tracking. The mobile app includes a range of features allowing users to track their cannabis consumption, humidity levels and effectiveness of treatment. The startup launched in 2019.
11. Puff Co
This is a New York-based startup and known as the world’s first cannabis concentrate vaporizer. Puff Co vaporizer is a luxurious hardware device made of metallic, ceramic and glass. It features a simple user interface that provides users with an effortless vaping experience. They ensure cleanest, most potent and flavorful consumption experience. Puff Co is an Industry-leading innovation, strictly done in-house. The substance has no glues, fibres, or chemicals in any airways. The company has the most awarded vaporizers and products.
12. Lobo Genetics
Lobo Genetics is a Toronto-based startup which has the parent company Spartan BioScience who does on-demand DNA testing. The new Lobo hardware device offers safer cannabis experiences by measuring a person’s ability to endure the cannabinoid THC through a simple mouth swab and DNA analysis. Their genetic testing service uses a gold-standard Polymerase Chain Reaction (PCR) technology, which is a well-established method for analyzing DNA.
Wisp is a Boston-based manufacturer of cannabis vapour system. The device comprises of simple disposable Wisp Pods for consistent vaporizing results. They got this device into the market with the help from ex-Keurig executive Dave Manly and over $7.5M in funding. Wisp is a herbal vaporizing system which is convenient, consistent and clean.
Cannabis banking is a real problem. MTRAC or MoneyTrac Technology is a new interesting entry in the world of cryptocurrency. The company’s goal to give a bankable situation to cannabis businesses using several different products, including dispensaries with a kiosk, those customers can use to initiate cashless payments at the store. Unlike regular blockchain where cryptocurrency is traded, MTRAC operates using a permission and safe blockchain for payments. However, the company also has a cryptocurrency of its own by the name of MTRAC-TOKEN. MTRAC is building a consumer wallet app as well, which will soon be available for Android and iOS.
Ehave is a mental health data company based in Canada, which has launched a new version of its app for medical cannabis with MedReleaf. It is a larger Canadian producer of medicinal cannabis. Together, the companies are using the Ehave platform to track medical cannabis patients to improve the therapeutic use of medical cannabis. The company aims to design and supervise treatment plans to prove or disprove medical cannabis’s effectiveness for various ailments, and ultimately establish treatment guidelines for cannabis therapies.
DaVinci offers a wide range of app-controlled vaporizers that can create inimitable temperature patterns customized for each user, based on how they inhale and the kind of vapour they like. DaVinci vaporizers are engineered to heat loose-leaf material, not e-cigarette liquid cannabis oil products. They maintain that warming flower to steam off its medicinal, and it is the safest and most pure way to consume cannabis
Snaphash is the first-ever comprehensive grow guide startup for craft marijuana growers. A precision harvest is essential for successful cultivation. The comprehensive grow guide is an augmented reality, which syncs with your smartphone camera to help you set up and manage grows, keep up with the schedule, and harvest your buds. The app utilizes analytics and machine learning to provide precise, predictable, and consistent harvests.
18. Medicinal Genomics
Medicinal Genomics is a subsidiary of Courtagen Life Science. The company uses blockchain to help cannabis entrepreneurs in an innovative fashion. The Boston-based company uses a service called StrainSEEK to track and sequence the DNA of different cannabis strains, and then lists that information and stores it on the Bitcoin blockchain and in its Kannapedia database. The idea is to give growers some intellectual property protection.
Gateway is a cannabis-specific startup program born out of Silicon Valley. After presenting the project to an investor panel, they join the growing Gateway alumni network of startups and investors. Their management team has deep startup knowledge and a wide entrepreneur and capital network in the San Francisco Bay Area. They are leveraging the lessons learned in Silicon Valley to expand the potential of the cannabis industry by creating a new breed of cannabis companies.
Tökr is an Android and iOS app for curating the cannabis shopping experience. The user gets products, prices, and nearby dispensaries based on their shopping history, and companies can use it to surge sales and build loyalty. Tokr is also known as a blend of Yelp and Groupon.
Cannabis has long been used for hemp seeds, hemp fibre, and their oils, hemp leaves for use as vegetables and as juice, medicinal purposes, and as a recreational drug. From weed-uber to` hemp skincare products and CBD tampons, the cannabis industry is growing around the world. Hemp Startups have created new job opportunities and are promoting healthy and beneficial usage of cannabis. There is no doubt that many companies will spring up, and capitalize on this new potentially lucrative opportunity.