The medical cannabis industry is a rapidly growing and evolving sector that involves the production and distribution of cannabis-based products for medicinal purposes. Medical cannabis refers to the use of cannabis and its derivatives to treat a variety of medical conditions, including chronic pain, epilepsy, multiple sclerosis, and Crohn's disease, among others.
This burgeoning industry has its roots in the increasing call to legalize cannabis for medicinal purposes, which began in the 1970s before really gaining momentum in the 1990s. Since then, many countries and states have passed laws to legalize medical cannabis (or even decriminalize cannabis altogether), allowing the cannabis industry to root.
One of the main drivers of the medical cannabis industry is the increasing recognition of the potential therapeutic benefits of cannabis. Research has shown that cannabis and its derivatives can be effective in treating a variety of medical conditions, and many people have turned to medical cannabis as a safer and more natural alternative to traditional pharmaceuticals.
The medical cannabis industry is regulated by governments, which set rules and guidelines for the production, distribution, and use of medical cannabis. These regulations vary widely from place to place, and they often reflect the local political and cultural attitudes towards cannabis.
The medical cannabis industry is a complex and multifaceted sector that involves a wide range of stakeholders, including patients, healthcare professionals, growers, manufacturers, distributors, and regulators. It is a rapidly evolving industry that is likely to continue to grow and change as more research is conducted and more countries and states legalize medical cannabis.
The medical cannabis industry is a rapidly growing and evolving sector that has the potential to offer attractive investment opportunities for those who are able to accurately predict and respond to industry trends and developments.
Growing Demand
The demand for medical cannabis is expected to continue to grow as more people turn to cannabis-based products as a treatment option for a variety of medical conditions. This trend is driven by the increasing recognition of the potential therapeutic benefits of cannabis and the growing movement to legalize cannabis for medicinal purposes.
Increasing Legalization
The increasing legalization of medical cannabis in countries and states around the world is expected to create new opportunities for businesses in the medical cannabis industry. As more people have access to cannabis-based products for medicinal purposes, the industry is likely to continue to grow and expand.
Strong Financial Performance
The financial performance of the medical cannabis industry has been strong in recent years, with many companies reporting significant revenues and profits. This trend is expected to continue as the industry grows and expands.
Technological Innovation
The medical cannabis industry is a rapidly evolving sector that is likely to be impacted by technological innovation. Companies that are able to develop and adopt new technologies and techniques may be well-positioned to take advantage of growth opportunities in the industry.
Social/Political Factors
The social and political landscape surrounding medical cannabis is complex and dynamic, and changes in public attitudes and policy can have a significant impact on the industry. Investors who are able to accurately predict and respond to changes in the social and political landscape may be able to capitalize on opportunities in the industry.
BYND owns and markets a proprietary customer relationship management (CRM) software product, known as “Benefit CRM”.
BYND has recently begun development of an entirely new, innovative CRM platform, designed specifically to serve the needs of the medical cannabis industry.
Cloud-based Benefit CRM software enables small and medium-sized businesses to optimize their day-to-day business activities, such as sales management, personnel management, marketing, call center activities, and asset management.
Now ready for BETA testing.
Building on 20 years of experience in CRM software, Cannabis CRM is a first-of-its-kind CRM platform designed to meet the needs of the medical cannabis industry. This new platform could turn the cannabis industry into a more organized, accessible, and price-transparent market.
Customer relationship management (CRM) software refers to platforms designed to help businesses manage and analyze customer interactions and data throughout the customer lifecycle. The goal of CRM software is to improve customer relationships and customer satisfaction, and ultimately to increase profits and sales.
CRM software typically includes a range of features and tools that are designed to help businesses manage customer interactions and data. These features may include contact management, sales tracking, customer service and support, marketing automation, and analytics and reporting.
CRM software is often used by sales, marketing, and customer service teams to manage customer interactions and data, and to analyze customer behavior and preferences. The software can be used to track customer interactions across various channels, including email, phone, social media, and in-person meetings, and to collect data about customer preferences, behaviors, and needs.
By using CRM software, businesses can improve customer relationships and customer satisfaction by providing personalized and targeted marketing and customer service, and by identifying and addressing customer needs and concerns in a timely and effective manner. Additionally, CRM software can help businesses to analyze customer data and trends, and to identify opportunities for growth and improvement.
For 2023, BYND will focus their attention on several critical corporate milestones and benchmarks. The company will complete the patent registration and regulation of the various devices developed by BYND Cannasoft as well as completing the development of their much-heralded EZ-G device.
BYND will also complete the procedures for obtaining a license to trade in medical cannabis. The company looks to generate significant revenues and profits from the realization and completion of their production and distribution agreement with pharmacies in Israel.
Additionally, representatives of BYND Cannasoft have expressed the desire to expand their production and distribution by opening additional markets for their own medical cannabis products, mainly in the U.K. and Germany.
The company’s relationship with the Weizmann Institute remains strong.
In 2023, BYND intends to complete the beta version of the cannabis software and expand their R&D efforts. The company will continue to add value for stakeholders by locating companies synergistic with BYND Cannasoft and making significant investments to expand their growth-oriented activities.
BYND Cannasoft Enterprises Inc. continues to take some major swings, both in the medical cannabis industry as well as in other industries. Here are some headlines you should know about.
Plans to formulate proprietary CBD oil and brand through a licensed grower in Israel for distribution outside of Israel in its AI based device and EZ-G device.
BYND Cannasoft Subsidiary Zigi Carmel Initiatives & Investments LTD. filed US Provisional Patent Application 63/450,503 on March 7, 2023 covering the mechanical structure, operation, and controlling aspects of an additional smart female treatment device.
The new full scale PCT application for the EZ-G device, comprised of a structure and one or more moving and vibrating elements, will utilize Artificial Intelligence (AI) to send data about learned sexual preferences to the cloud to heighten arousal, and intimacy.
The Medical Cannabis Unit at the Ministry of Health of the State of Israel has provided a full license to engage in medical cannabis without direct contact with the substance that will allow trading in medical cannabis products through an agreement with a licensed cannabis grower in Israel.
BYND Cannasoft issued a letter to shareholders from its Chief Executive Officer and Director, Yftah Ben Yaackov.
BYND Cannasoft is in the advanced stages of expanding its EZ-G device's applications into the leisure field of sex toys. In addition, the EZ-G device includes technological advancements as a sex toy with a more realistic experience.
BYND Cannasoft announced the filing of a patent application for its EZ-G device to include an innovative double-faceted condom design.
BYND Cannasoft extended a small gain in October and is now up 75.3 percent in 2022Q4.
MEET THE BOARD
With a diverse and decorated team, it's no surprise that BYND Cannasoft Enterprises Inc. is on the verge of making some big moves.
President, CEO
Director
CEO, Director
Director
VP of Sales/Marketing, Director
Director
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