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The pot industry is being cannibalized by startups

Aug 23, 2015, 17:37 IST

Other startups, like Transcend Lighting, are increasing the profits of the growers themselves. Its LED lighting increases profits by switching farms to lower energy-consuming lights. The company isn't limited to cannabis, but it's an industry that's taking off and one that Transcend can't ignore.

The "Uber for marijuana" services may have already carved out their space, but the next wave of startups like Serica and Transcend are coming into maximize all other parts of the cannabis industry.

NOW WATCH: Here's why marijuana gives you the munchies

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