The Role of Supply Chain Technology in the Growth of the Cannabis Industry

Abstract

Technological innovations seem to contribute to improving lifestyles, a better allocation of resources, and ensuring intensive economic growth. The purpose is to cogitate on the essence of technological transformation and encapsulate the value propositions of innovation activities to improve the producer value and socio-economic growth. The first objective is to establish the role of technology and innovations in the development of the cannabis and hemp industry. Then, to analyse how supply chain technology influences the socio-economic growth of the cannabis industry. This chapter uses the systematic literature review method and synthesizes the existing conceptual approaches in the industry. The study embodied the review protocol, identified the inclusion exclusion criteria for relevant publications, performed an in-depth search for studies, and is followed by a critical appraisal, data extraction, and a synthesis of past findings. The study reveals that the role of technology and innovation invigorates the propensity to innovativeness in the cannabis industry to generate new ideas and operations methods.