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As we move into the new year, it’s important to stay up-to-date on the latest cannabis trends. Here’s a look at what to expect in 2020.
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The Landscape of Legalization
The New Year will see changes in the cannabis landscape as more states legalize the use of cannabis. This will change the way that cannabis is grown, sold, and used. It will also change the way that people perceive cannabis.
The States
As of January 1, 2020, 11 states and Washington D.C. have legalized recreational cannabis use for adults over the age of 21, and 33 states have legalized medical cannabis use. With more and more states jumping on the legalization bandwagon every year, it’s only a matter of time until cannabis is legal in all 50 states.
So what will the landscape of legalization look like in the new year? For starters, we can expect to see more states legalize both recreational and medical cannabis use. We can also expect to see more progress made on the federal level, with lawmakers finally starting to catch up with the majority of Americans who support legalization.
With so much change on the horizon, it’s hard to say exactly what the landscape of legalization will look like in 2020. But one thing is for sure: it’s going to be an exciting year for cannabis!
The Countries
The legal cannabis industry is growing rapidly all over the world. With more and more countries legalizing the use of cannabis for medicinal or recreational purposes, it’s important to stay up-to-date on the latest news. Here’s a quick guide to the current status of cannabis legalization in some of the most populous countries.
United States: Cannabis is federally illegal in the United States, but some states have legalized it for medicinal or recreational use.
Canada: Cannabis is legal for medicinal and recreational use nationwide.
Mexico: Cannabis is legal for medicinal use only.
United Kingdom: Cannabis is legal for medicinal use only.
Germany: Cannabis is legal for medicinal use only.
France: Cannabis is legal for medicinal use only.
Italy: Cannabis is legal for medicinal use only.
Spain:Cannabis is illegal, but possession of small amounts has been decriminalized in some areas.
Australia:Cannabis is legal for medicinal use only in some states.
The Business of Cannabis
As the legal landscape of cannabis changes in the United States, so too does the way that businesses operate within the industry. In 2020, we saw a major shift in the way that cannabis companies operate. With the passing of the MORE Act and the legalization of adult-use cannabis in several states, the industry is poised for even more growth in 2021. But what does this growth look like?
The Growers
A big part of the business of cannabis is, of course, the growers. And with more and more states legalizing cannabis, it’s becoming a big business. So, what will the growers be up to in the new year?
For one thing, they’ll be trying to figure out how to meet the demand. As more and more states legalize cannabis, there will be more and more people who want to try it. And that means that growers will need to figure out how to grow more cannabis.
They’ll also be working on ways to make their product better. Growers are always looking for ways to improve the quality of their product. And as the market for cannabis becomes more competitive, they’ll need to find ways to stand out from the crowd.
So, if you’re a grower, or you’re thinking about becoming one, it’s going to be an exciting year. There’s a lot of opportunity in the business of cannabis, and it’s only going to grow in the years to come.
The Dispensaries
There are two types of dispensaries: medical and recreational. Medical dispensaries sell cannabis products to customers who have a doctor’s recommendation. Recreational dispensaries sell cannabis to customers for recreational use. Most states with legal cannabis have both types of dispensaries.
Some dispensaries are stand-alone stores, while others are part of a larger chain. Some are run by the state, while others are privately owned. You will need to show your ID to enter a dispensary, and you may need to be 18 or 21 years old, depending on the state.
Once you’re inside, you will be able to see and smell the different types of cannabis products that are available. Dispensaries usually have a wide selection of flowers (the leaves and buds of the cannabis plant), edibles (foods and drinks that contain cannabis), concentrates (oils and other products that contain higher levels of THC), and topicals (lotions and balms that can be applied externally).
The staff at the dispensary will be able to answer any questions you have about the products. They can also recommend products based on your needs. For example, if you’re looking for relief from pain, they might suggest a topical or an edible with a high CBD content.
The Investors
In the past few years, we’ve seen a major shift in the way people view cannabis. Once considered a taboo substance, cannabis is now being embraced by many as a natural and effective way to treat a variety of conditions. This change in attitude has led to a boom in the cannabis industry, with new businesses springing up left and right.
One group that has been particularly active in the cannabis industry are investors. With the potential for high returns, investors have been pouring money into the industry, funding everything from start-ups to large-scale growers.
However, the influx of money from investors has led to concerns about the future of the industry. Some worry that investors are only interested in making a quick profit, and that they will abandon the industry as soon as it becomes difficult or unprofitable. Others believe that investors will help to professionalize and legitimize the industry, paving the way for its continued growth.
only time will tell what effect investors will have on the cannabis industry. However, one thing is clear: their involvement is sure to have an impact on the way that businesses operate in the new year.
The Consumers
The Patient
In 2020, we will see a continued rise in the number of patients who are using cannabis to treat a variety of medical conditions. With more states legalizing medical marijuana, and more research being conducted on the therapeutic benefits of cannabis, we can expect to see even more patients turning to this medication as a natural way to treat their conditions.
We expect to see an increase in the number of older adults using cannabis for medical purposes. As baby boomers age, they are increasingly looking for natural ways to treat the aches and pains that come with age. Cannabis is an effective way to treat these conditions without the risk of addiction or other side effects associated with traditional pain medications.
We also expect to see more children using cannabis for medical purposes. As research continues to show the therapeutic potential of cannabis for treating a variety of conditions, including epilepsy and autism, we can expect to see more parents turning to this medication as a way to help their children.
The Recreational User
The typical American cannabis consumer is increasingly becoming well-educated, health conscious and affluent. In fact, a recent study found that the majority of customers at legal dispensaries in California and Colorado are middle- or upper-class professionals with some college education.
This trend is being driven in part by the rise of cannabis companies that are focused on producing high-quality products for a more discerning customer. These companies are investing heavily in research and development to create new strains and formulations that address specific medical conditions. They are also working to develop market segments such as low-dose products for first-time or infrequent users, as well as luxury products for those who want the best of the best.
As the industry continues to evolve, it is likely that we will see even more innovation in the years to come.
The Business User
Cannabis for business users will be big in the new year. CBD products will be used in a variety of businesses, from restaurants to spas. Businesses that want to get ahead of the curve will start offering CBD products to their customers. The benefits of CBD are many, and businesses that offer it will be able to attract new customers and keep existing ones coming back.
CBD products for businesses can be purchased from a number of different suppliers. Businesses should make sure they are getting a high quality product from a reputable supplier. The product should be tested by an independent third party to ensure it is safe and effective. Businesses that offer CBD products will be able to benefit from the growing number of people who are using cannabis for medicinal purposes.
