Coronavirus Incites Innovation in Biotech, Hemp / Cannabis and Tech Sectors

Entrepreneurism Thrives as SinglePoint Inc. Launches USA Made Hemp Seed Oil Infused Hand Sanitizer

Point Roberts, Washington and Delta, British Columbia–(Newsfile Corp. – March 17, 2020) –

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Klen Hands

Another key trend arising in the cannabis space due to the coronavirus outbreak, is the boom of cannabis delivery services. It also looks like there will also be a huge uptick in cannabis sales as consumers are buying and hoarding cannabis just like toilet paper and hand sanitizers.

“Retail stores across the United States have seen an influx of traffic as Americans seek to stock up on basic supplies. Cannabis retailers have seen a similar trend, with many consumers choosing to make fewer trips to dispensaries, instead opting for larger, less frequent purchases as COVID-19 fears grip the country,” reported a Motley Fool correspondent.

In the pharma and biotech sector we have seen players from big to small announce potential solutions as they race to find a vaccine for COVID-19.

Looking at the tech sector, there are multitudes of technology already in place that can be deployed and smart companies are already on it. According to a report from CNBC, “Chinese technology giants are accelerating their efforts in the field of health-care technology in areas from cloud computing to artificial intelligence (AI) amid the new coronavirus outbreak.

Drone technology is also being used for delivery and mapping, and networking companies are expected to see a boost from the new labor force of remote workers.

As we self isolate, social distance and stock up, let’s be smart as investors and not panic and really look at the bigger picture unfolding; innovation and entrepreneurism at its best.

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