Trends in the industry for the cannabis enthusiast to know
In recent years, cannabis has become very
high in demand. The popularity of this product is constantly growing each day
with more and more people learning about the benefits of using cannabis in
their everyday lives. There are many cannabis strains available for users to
choose from and it can be difficult for someone who has never consumed cannabis
before to know exactly what they are looking for. If you are one of these
individuals, this blog will help you get started on your cannabis journey and
provide some insight into the different trends that are occurring in the
cannabis industry.
More legalization
For the longest time, cannabis use and
possession were illegal and people who were caught with this substance were
criminalized. The FDA classed cannabis as a schedule 1 drug which put it in the
same category as deadly and highly addictive drugs such as heroin and crack.
Society, influenced by the mass media, started stigmatizing marijuana and the
substance developed a nasty reputation. Today, we see a completely different
reality and finally, that negative stigma attached to cannabis is being shed
and people are starting to wake up to the truth about this drug. We now see the
legalization of cannabis spread around the US and many other countries around
the world. A lot of research is also being done on the health benefits which is
further pushing for more legalization, especially for medical use. Cannabis is
no longer criminalized in the US and many places around the world have
legalized cannabis for medical use but not recreational use.
More sales
Cannabis has always been in demand before
legalization, however, now that people can legally consume, there is more
innovation in the industry. People are buying cannabis for recreational use as
well as for medical use which has made cannabis sales skyrocket in recent
years. On July 4th of this year alone, more than $400 million worth
of cannabis was sold and experts are predicting that the cannabis industry has
the potential to grow as much as $130 million per year in the near future. More
sales results in more investments and more innovation in this industry which
will create a better experience for the consumer.
More consumption methods
Traditionally, people consumed cannabis via
joints, blunts, bongs, and “space” cookies however in recent years, there has
been massive innovation in the industry and many new consumption methods have
hit the market. Now there are even online stores like Grasscity that sell
products such as vaporizers like the terp pen, tinctures, topicals, pills, cannabis
oil, dab rigs, and a wider variety of edibles that even includes alcoholic
beverages. This is wonderful for the consumer who is now afforded more choices
and can now experiment and find the right method of consumption to meet their
needs and requirements.
Variety of pricing
The newly legal cannabis market has
introduced a variety of prices as well as potency. The price of cannabis
depends on the strain and particular grade however, cannabis has always managed
to remain affordable. Once legalization started to become more widespread, we
have seen the price of recreational cannabis decrease and medical cannabis,
although still affordable, is more costly because of the processing that the
cannabis undergoes to make a certain consumption product such as tinctures of
CBD oil. The affordable price means that users are not negatively impacted by
legalization and can afford to consume cannabis recreationally as well as
medically to treat certain health conditions.
More medical marijuana products
The spotlight shines bright on medical
marijuana and the positive results of research and studies have created a
demand for medical marijuana among people who suffer from various health
conditions that range from minor to more severe. There are so many medical
marijuana products on the market including topicals, tinctures, tampons, gum,
teas, coffee, and even cannabis skincare. This gives consumers options and
freedom to choose a product that best suits them.
The future
of cannabis in our world looks bright. The truth about this amazingly versatile
plant is being exposed and people in society are embracing this substance for
many reasons. The industry will continue to grow and as growth develops, so
will technology and innovation in the industry.
