The Rapid Growth of the Legal Cannabis Industry
Have you noticed how quickly the cannabis industry is evolving? Just a few short years ago, cannabis was illegal in most places and strictly regulated where legal. Now, cannabis is fully legal in 11 states for recreational use and over 30 states for medical use. The cannabis industry is booming and showing no signs of slowing down.
You’ve probably seen the rapid increase of cannabis dispensaries popping up on what seems like every corner. And behind the scenes, hundreds of cannabis brands are scaling up to meet the huge demand. Companies like PotCo are a part of trying to meet this high demand.
The cannabis industry has come a long way in a short amount of time. But we’ve only just begun to see how far it will go. New cannabis-infused products are hitting the shelves, the wellness industry is embracing CBD, big investments are pouring in, and legalization continues to spread.
The future of cannabis is looking very bright. Stick with us as we explore how this booming industry took shape and where it’s headed next. The cannabis revolution is just getting started.
Innovation in Cannabis Products and Delivery Methods
The legal cannabis industry has exploded in recent years. Since Colorado and Washington became the first states to legalize recreational marijuana in 2012, 33 states have legalized medical or recreational cannabis. The industry is projected to reach $30 billion by 2025.
The rapid growth of this once-taboo industry shows no signs of slowing. More states are legalizing cannabis every election cycle, and established markets continue to thrive.
– Canada became the first G7 nation to legalize recreational cannabis country-wide in 2018.
– The 2018 Farm Bill legalized hemp and CBD at the federal level in the US, opening the floodgates for hemp-derived CBD products.
– Cannabis companies are going public and raising huge sums of money. US firms earned over $13 billion in 2019.
Legal cannabis means new jobs in cultivation, processing, sales, and more. The industry employs over 200,000 people in the US alone. With increasing legalization comes increasing acceptance. Cannabis is becoming a mainstream product, and investors and companies alike are poised to benefit.
Where is this growth headed? All signs point to continued expansion into new markets and product types. Edibles, topicals, and concentrates are booming. Once federal legalization happens in the US, the industry will really take off. The future of legal cannabis is bright, and this budding industry is poised to blossom.
The era of marijuana prohibition is coming to an end, and in its place is an unprecedented opportunity. The legal cannabis industry has come a long way, and it’s only going to keep growing from here.
The Future of Cannabis: Regulations, Market Expansion, and Globalization
These days, cannabis comes in more varieties and forms than ever before. From gummies to topical creams, the options seem endless.
Ingestibles
Beyond the traditional bud, joints, and edibles like brownies, you’ve now got cannabis-infused gummies, chocolates, breath mints, and more. These provide a convenient, tasty way to get your THC or CBD fix with precise dosing.
Topicals
Creams, lotions, balms, and bath products infused with cannabis extracts are popular for their ability to relieve pain, inflammation, and skin conditions without any psychoactive effects. The cannabinoids interact with receptors in your skin for localized relief.
Vaporizers and Concentrates
Vape pens and vaporizers let you inhale cannabis extracts like wax, shatter, and oil with nearly odorless vapor. Dabbing concentrates can produce an intense high with a single inhalation. However, there are health concerns about vaping, especially black market THC cartridges. When in doubt, stick to legal, tested products.
Non-Inhaling Methods
Patches, oral sprays, and cannabis suppositories provide alternative ways to get cannabinoids into your bloodstream without smoking or vaping. While the effects may be slower or longer to onset, these methods avoid the health risks associated with inhalation.
The cannabis industry has come a long way, and it’s only going to continue expanding from here. With so many innovative products and delivery methods, there’s a cannabis experience out there for everyone to enjoy safely and legally. The future of cannabis looks very bright indeed!