Production as a Service vs Buying Equipment
Production as a Service (PaaS) provides an opportunity for companies to innovate production without large amounts of capital, allowing the company’s capital to instead be directed where the ROI has the most dramatic impact. In the cannabis industry, that can include an array of investments from product development, additional licenses, and store fronts. Production as a Service (or PaaS) business structures have been growing in popularity over the past decade and were accelerated even further by the COVID-19 pandemic. PaaS strategies provide businesses, especially those in cannabis manufacturing who need pre-roll manufacturing and pre-roll filling, to have access to industry 4.0 automation and data exchange technologies that revolutionize productivity without major investment.
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