Mike Tyson’s cannabis startup the Ranch Companies has acquired a global license from Smart Cups to print cannabis products, Forbes reports. Smart Cups prints active and flavor ingredients from natural products on the surface of an underlying layer, eliminating the liquid from a beverage, which is re-added by the consumer.
The process helps reduce transportation costs and the bioplastic cups are environmentally friendly.
Chris Kanik, founder and CEO of Smart Cups, explained that the company uses “water soluble cannabinoids” and is “able to precisely print them on virtually any surface.” They are released when they come in contact with a liquid, he said in the report.
Tyson said the Smart Cups technology will have long-term benefits for consumers, “helping people be confident and understanding proper dosing.”
“For the Ranch Companies, it is very exciting to be working with Smart Cups’ technology, because it gives us the opportunity to make anything that is possible with this innovative tech. Having the ability to produce lines of ingestible cannabis products that will have accurate and consistent doses of cannabis is incredibly important to us.” – Tyson to Forbes
Rob Hickman, CEO of the Ranch Companies, called dosing “one of the systematic issues plaguing” the cannabis industry.
“We have partnered with top research universities to collect critical clinical data supporting CBD for medicinal purposes and pain relief,” he said in the report. “The Smart Cups technology is a new delivery system which we believe will set new standards in this industry.”
Hickman said that once federal rules on CBD were in place, the Ranch “will aim for national distribution” of the Smart Cups product.
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