All of this will likely add to both the volatility and strength of the industry in the future.
In the end, the main challenges the industry should expect to see in 2021 will focus on laws and regulations surrounding the production, distribution, and sale of cannabis, as well as laws and regulations surrounding business funding and financing of cannabis-related businesses.
But despite the possibility of fluctuating prices and all of the regulatory challenges ahead, industry observers should expect to see nothing but better production, better sales, more revenue, and safer products for consumers in the coming years. The Future Of The Cannabis Industry As every day goes by, thousands of cannabis activists worldwide continue to lobby for reform and new rules and regulations that will make the industry safer and more accessible to everyone, including consumers and cannabis companies alike.
Overall, we believe that the industry will remain strong, seeing consistent growth throughout 2021, 2022, and beyond. But 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 cannabis industry remains healthy and will continue to boom for the time being.
This article originally appeared on Benzinga and has been reposted with permission.
The Fresh Toast is a daily lifestyle platform with a side of cannabis. For more information, visit www.thefreshtoast.com.