A new health tech startup out of Boulder, Colo. is looking to fundamentally change the medical marijuana industry. The company’s first product, The Newton, is an induction vaporizer focused on getting its user the exact amount of marijuana dosage he or she desires by a controlled release of particular cannabinoid chemicals. The Ananas team is working with medical doctors on distributing the correct dosage until the product clears Food and Drug Administration regulations.
Ananas co-founders Roberto Lombino and Andrew Kristof. Photo via Ananas.
The founders, Andrew Kristof and Roberto Lombino, who are graduates of Lafayette College in Easton, Pa., recognized that there was a serious lack of accuracy in dosage methods for medical patients who consume cannabis. The company hopes to use the new technology to change the status quo that has arisen in the medical marijuana industry of “smoke until you feel better” by identifying and then distributing the exact dosage that will make patients feel better.
Ananas will continue to create new products using advanced technology, including 3-D printing, to capitalize on the cannabis accessory market, said to be peaking at around $10 million now. For comparison, the legal marijuana market is only at around $2.7 billion.
CanopyBoulder™, a mentorship-driven seed-stage investment program for startups in the cannabis industry, wexchangeith a focus on ancillary products and services, invested $20,000 in Ananas in for 9.5 percent equity. Ananas will also participate in CanopyBoulder’s™ demo day on Nov. 18, 2015.