The Vital Healthtech Solution the Cannabis Industry Can't Live Without

PALM BEACH, Florida, March 6, 2018 /PRNewswire/ --

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As the recreational floodgates open soon nationally in Canada and state by state in the US there is one main concern, quality. Companies in the space providing different cannabis services, from growing to logistics include Canopy Growth (TSX: WEED) (OTC:TWMJF), Hydropothecary (TSX-V: THCX), Maricann Group Inc. (CSE: MARI) (OTC:MRRCF), Tyler Technologies and HealthSpace Data Systems Ltd. (CSE: HS) (OTC: HDSLF) (FRA:38H).

Although, as noted mid-February, the July legalization to allow recreational marijuana federally may be delayed in Canada. Therefore, a healthtech discussion is necessary to prepare for this inevitability in the market. Healthtech, which the WHO defines as the "application of organized knowledge and skills in the form of devices, medicines, vaccines, procedures and systems developed to solve a health problem and improve quality of lives". This includes the pharmaceuticals, devices, procedures and organizational systems used in healthcare.

Within the Healthtech sector HealthSpace Data Systems Ltd. (CSE:HS) (OTC: HDSLF) (FRA: 38H) was one of the first companies that saw the value of with Blockchain as an established answer to the quality and safety issue.

Tyler Technologies, Canopy Growth (TSX: WEED) (OTC:TWMJF), Hydropothecary (TSX-V: THCX), and Marricann Group (CSE: MARI) (OTCQB:MRRCF) also represent leading voices in the Healthtech/Cannabis sector.

According to Deloitte, healthtech will flourish in a global healthcare sector that is forecast to hit $8.7 trillion in 2020 from $7 trillion in 2015. California is expected to hit $5 billion by 2019 according to research firm BDS Analytics.

The Company currently offers the only integrated inspection, administration and analytics product suite across all platforms in North America. Further, HealthSpace now delivers its government grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations, moving from a reactive to a proactive operational status.

Establishing quality of supply, meaning the Cannabis is pure and disease free, while an interesting challenge is once that has seen its roots (see how I did that?) in the medical and hospitality sectors.

Over 20 years, HealthSpace has never lost a client. That includes 300 healthcare clients in North America.

Healthtech In The Cannabis Space