By Alex Carchidi – Feb 27, 2023 at 6:00AM
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Changes will likely start to happen sometime soon, and margins could rise as a result.
With an ever-growing abundance of easy-to-use artificial intelligence (AI) tools for business exploding onto the scene in late 2022, the AI revolution is in full swing, and it won't leave many sections of the economy untouched. But the cannabis industry isn't an obvious candidate for disruption by AI software tools. Most of the cultivation, manufacturing, and retail processes are based on lots of manual labor and plenty of customer-facing staff.
Still, AI will come to the cannabis business sooner or later. When it does, it will likely reshape the industry in at least two important ways that investors should understand.
1. It could reduce retail-labor costs