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This week, Luke Costello discusses why Mach Technologies entered the cannabis business after noticing some glaring gaps in equipment and innovation.

Mach Technologies has been making highly automated equipment for more than 80 years. The company's experience ranges from the automotive to pharmaceutical industries.

Three years ago, the company looked at the cannabis industry and noticed some gaps in the equipment and support. For example, they saw companies using equipment designed for garages being used on a commercial scale. 

At the beginning of the industry, margins were good, and efficiency wasn't a priority, but as margins became tighter, companies started turning to automation. Mach wanted to seize on the lack of innovation and automation and help companies produce a more affordable and consistent end product using the company's state-of-the-art automated extraction equipment.