What is Biometric Cannabis Storage Boxes Market Scope?
Cannabis is being legalized in many parts of the world and quickly causing parents to seek out ways to keep it away from youngsters. Biometric cannabis storage box comes with advanced biometric technology that protects from unauthorized access and unwanted hands. The unit will send a notification to the user if the box is moved, and features temperature and humidity monitors to ensure cannabis within stays fresh. The box can be unlocked via facial, voice, and fingerprint, among other recognition of only authorized users. Increasing legalization of cannabis is one of the key drivers of the market.
The Biometric Cannabis Storage Boxes market study is being classified and major geographies with country level break-up.
Research Analyst at AMA predicts that Vendors from United States & Canada will contribute to the maximum growth of Global Biometric Cannabis Storage Boxes market throughout the predicted period.
Hakuna Supply (United States), Keep Labs (Canada), Invixium (Canada) and Uncrate (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Biometric Cannabis Storage Boxes market by Type, Application and Region.
On the basis of geography, the market of Biometric Cannabis Storage Boxes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 7 Nov 2019, Canadian tech company KEEP Labs announced that it has been named a CES 2020 Innovation Awards Honoree for KEEP, the first smart storage device designed to keep cannabis secure and discreet at home. The reveal was made during CES Unveiled New York, an invite-only tech event bringing together top media and industry leaders for a sneak peek of the best products expected in 2020.
On 18 Nov 2019, Sun Kissed Industries Inc., an emerging player in the CBD marketplace has announced that its subsidiary, Hakuna Supply/Products Group, Inc., an award-winning CBD-based products company, released for sale its new “Fingerprint Lock Box” biometric sensing storage device for cannabis, hemp, and CBD products in time for the 2019 Holiday Shopping Season.
Influencing Market Trend
- A Trend Towards Online Purchase
- Increasing Legalization of Cannabis across Some Parts of the World
- Growing Demand for Secure Storage Boxes to Protect from Unauthorized Access
- High Cost of the Cannabis is also fueling the Need for Advanced Storage Boxes
- Technological Advancements in the Biometric Cannabis Storage Boxes
- High Cost of the Product Hampers the Growth
- Cannabis is Still not Legalised in Some Parts of the World
Key Target AudienceBiometric Cannabis Storage Box Manufacturers, Potential Technology Investors, Biometric Cannabis Storage Box Traders/Distributors, Regulatory & Government Bodies, End Users and Others
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