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Here’s What The Cannabis Industry Is Most Optimistic About Heading Into 2022

By Benzinga Staff Writer, The Fresh Toast on

Published in Cannabis Daily

Investors and operators alike believe the market’s growing numbers should continue into the next year.

By Andrew Ward

Overall, the cannabis industry has much to be optimistic about as 2022 approaches. The U.S. industry, in particular, should be enthusiastic despite its remaining required maturation.

Operators across numerous pot sectors told Benzinga what they are most optimistic about for 2022. These were the four most discussed topics. Legalization Helps Grow Sales, Further Erodes Stigmas Cannabis reform progress continued across much of the country in 2021.

Nine states passed decriminalization, medical use, or adult-use laws in 2021. Numerous other states reformed their regulations through legislative means this year.

Despite various bills making progress on the state level this year, federal law remains the same, though the House of Representatives once again approved the SAFE Banking Act and the MORE Act.

 

“No matter how long it takes to legalize cannabis on a federal level, as a country, we’ve definitely been making significant inroads on the path towards cannabis liberalization,” said Andrew Thut, chief Investment officer of 4Front Ventures Corp.

Thut said he hopes to see more states pass social equity measures when reforming cannabis laws.

Tom Bruggemann, CEO and inventor for ag-tech brand Tom’s Tumble Trimmer said reform helps promote the plant’s social acceptance. He expects acceptance to grow in 2022, leading to increased retail demand.

Calling the moment “exciting,” Bruggemann believes consumers will look beyond big brands. “As many consumers wish to support independent farmers rather than corporations, the market will continue to thrive with private operations next year and beyond,” Bruggemann predicted. A Growing Market Drives Consumer Demand Investors and operators alike believe the market’s growing numbers should continue in 2022.

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