There are many obstacles still ahead for cannabis businesses, brands, and consumers in the U.S. and abroad. Still, it’s safe to say that the industry will continue to boom for the time being.
By Tia Moskalenko
No matter where you live in the United States, it’s safe to say that the cannabis industry has come a long way in the past couple of decades.
Back toward the beginning of the New Millennium, if I had told you that recreational cannabis would be legal in 18 states and that medical marijuana would be permitted in 37 states, you would have most likely laughed in my face and told me to take a hike. If you were a cop back then, you might have even had me arrested and charged with possession.
But all jokes aside, today, marijuana is, in fact, legal in many U.S. states for both medicinal and recreational uses, as well as in other countries, such as Canada, South Africa, the Netherlands, and more!
But despite this widespread legalization of cannabis in both the U.S. and abroad, the industry still has a long road ahead of itself in terms of establishing itself as the titan that it might truly become.
What changes, trends, and challenges should we expect to see in the coming years?
Especially as news laws and regulations are continuously developing that affect consumer buying habits and the overall sales and profitability of owning a business in the cannabis industry today.
In the following article, we’re exploring some of the biggest challenges that experts predict will dominate the cannabis industry in 2021 and beyond. Industry Predictions For Big Cannabis In 2021 As the cannabis industry continues to develop, the industry is only expected to grow and see much strength in the coming years, with experts predicting that market values could reach $30 billion by 2025.
In legalized states and jurisdictions worldwide where pot has been deemed legal, laws surrounding the production, distribution, and sale of wholesale cannabis will continue to dominate the news.