It’s quite evident that the cannabis industry has gone through several changes in the past few years. Some changes befitted the industry while others marred its reputation. Whichever the case, there’s one thing for sure, the cannabis industry has managed to enter 67% of the American houses. Moreover, these numbers will most likely double in the coming years due to its success in the medicinal and legalization departments.
However, just like there are ‘two sides of the same coin,’ the marijuana industry, too, has its pitfalls and advantages. You see, the success journey in terms of legalization is a little more complicated than sales generation. While it’s estimated that the marijuana industry will generate $85 billion in 2030, the legalization plan is hitting roadblocks.
How? Well, read on to find out the answer to these questions. Also, don’t forget to look at all the trends that will help transform the cannabis industry in 2022.
CBD E-Commerce Will Grow
It’s no surprise that different merchants have an app or a website to sell hemp-derived products nowadays. The popularity of CBD is skyrocketing, and more and more people are intrigued to try this new kid on the medicinal block.
The only exception, in this case, is the psychoactive (THC) part of the cannabis plant. So rest assured, CBD is gaining loads of appreciation in terms of therapeutic benefits.
In fact, a study by the National Retail Federation shows that there has been a drastic increase in e-commerce sales in the past few years. The CBD industry has witnessed a 700% increase in the sales department. As for the numbers, it noted that the CBD industry would hit $22 billion in 2022
As for its e-commerce reputation, there’s no doubt that we will see a revolutionary change with several cannabis merchants opening up e-commerce CBD stores. The only problem is that CBD still lurks in the shadows due to the confusing status on the federal level.
According to the Farm Bill, only CBD containing less than or equal to 0.3% THC is legal in 50 US states. Rest assured, other than hemp-derived CBD; everything else still falls under the illegal category. So, under these confusing situations, it becomes even more necessary to get a medical marijuana card.
Cannabis Legalization Will Get Delayed
There is a major problem with cannabis legalization on the federal level – opinion between the Senate members.
The Republicans, the Democrats, and Mitch McConnell, until all these members agree, the bill still lurks in the shadow.
Although, we also have to keep in mind the efforts Kamala Harris is putting into the decriminalization of cannabis. The efforts are worth appreciating. Also, with major states supporting cannabis legalization, the bill will most likely find gold at the end of the rainbow.
Until then, we have to navigate the uncharted waters carefully and be mindful of the rules each state imposes. For instance, qualifying conditions to use marijuana, the legal age for recreational lovers, rules related to marijuana possession, etc.
Companies Will Introduce Diverse Range of Products
If you look at the cannabis industry, you will find everything from a tincture dropper to a slave and CBD balm. And let’s not forget the strains bred to meet specific requirements. All these products combined with newness and technology can strengthen the market to a large extent.
In fact, as a cannabis consumer, you will start seeing a lot of innovative products in the market, with THC drinks being the most talked about. Not only will there be new types of products in the market, but farmers and breeders will also start breeding strains to keep up with the competition.
So, in the coming years, you will see various cannabis-infused products, be it in the food industry, skincare, medical, or even fashion, for that matter. So, there’s a lot that you have to see in the next few years.
Research Studies Will Reveal New Insights Into Cannabis
So, the first thing that you have to keep in mind is marijuana is still in its infancy stage when it comes to research. We have a list of studies showcasing the therapeutic benefits of cannabis, but none of these studies reveal strong evidence of support.
Mainly because most of these studies were lab experiments on rodents with very few subjects involved, as a result, scientists and researchers are still unable to provide concrete evidence.
On the brighter side, more research opportunities will allow scientists to synthesize new compounds for stronger effects, especially in terms of serious medical conditions.
In case you might be asking yourself, then why do people use it as an alternative? Well, the answer is largely based on real-life examples. Take Charlotte Figi as a famous example. Her parents administered CBD to manage her seizures.
As for conditions that require less attention, cannabis has proven to be quite useful. People all over the US consume medical marijuana to alleviate pain, inflammation, and other problems.
Doctors May Support the Use of Medical Cannabis
Unfortunately, mainstream doctors do not recommend medical marijuana. As a result, people still think that marijuana is dangerous. In fact, some say that marijuana is as dangerous as cocaine and heroin.
This fact, in turn, is not true, and here’s why. First and foremost, cannabis is a plant, and second, it contains 100+ components, out of which THC is psychoactive. The others, along with CBD, are non-psychoactive in nature. So, this means that the plant can help provide therapeutic benefits without any of the euphoric effects.
Luckily, a large number of people use medical marijuana to treat normal to severe medical conditions. This has also resulted in the popularity of cannabis as an alternative. Plus, more and more doctors are intrigued to learn about CBD, CBN, CBG, and other plant compounds.
The only difference here is that doctors are still way too skeptical about marijuana use. So, make sure when you need medical advice regarding medical marijuana use, you opt for licensed physicians with expertise in the cannabis field.
I am Gayton Stafford, a content writer at Medical Marijuana Card Riverside and an enthusiastic blogger. I love to contribute to blogs for marijuana writing.