Virtual and augmented reality enters the cannabis space
Trend - The merging of augmented and virtual realities with the cannabis industry is on the rise as brands look to offer immersive experiences for connoisseurs and beginners alike. These platforms offer benefits like virtual product libraries and augmented package engagement--prioritizing both informative and creative experiences for viewers.
Insight - The growth of the cannabis industry in North America has brought on its collaboration with a range of industries. For novice consumers, being informed about this emerging space is crucial in order to alleviate some of the apprehension they feel when they're considering consuming a substance that was once attached with stigma and misinformation. For those who are more familiar with the substance and the industry, these emerging technologies offer an element of entertainment that has been missing with government-sanctioned cannabis distribution.
Insight - The growth of the cannabis industry in North America has brought on its collaboration with a range of industries. For novice consumers, being informed about this emerging space is crucial in order to alleviate some of the apprehension they feel when they're considering consuming a substance that was once attached with stigma and misinformation. For those who are more familiar with the substance and the industry, these emerging technologies offer an element of entertainment that has been missing with government-sanctioned cannabis distribution.
Workshop Question - How could your brand collaborate with the emerging cannabis space?
Trend Themes
1. Virtual and Augmented Reality in Cannabis Industry - The integration of virtual and augmented reality technologies offer innovative immersive experiences to consumers in the cannabis industry.
2. Ar/vr-powered Packaging in Product Retail - AR and VR-powered packaging creates an immersive experience for customers that provides detailed information about products and creates more brand engagement opportunities.
3. Virtual Cannabis Engagement Technologies - Virtual cannabis engagement technologies, such as virtual reality and interactive platforms, provide education, product information and opportunities for cannabis growers, retailers, and distributors.
Industry Implications
1. Retail and E-commerce - Advances in AR/VR technologies can improve consumer experiences and create deeper engagement opportunities in product retail and e-commerce markets.
2. Health and Wellness - Technological innovations in cannabis education and experiences can disrupt the traditional health and wellness market by providing more accurate information and personalized experiences.
3. Entertainment and Media - The integration of AR/VR technologies and cannabis industry can provide customized entertainment and media experiences for consumers.
