The cannabis industry is growing exponentially. And yes, other than size, the methods of production and cannabis consumer behavior are also growing.

Further, the cannabis industry has been fighting for legalization for years. In some countries and states in the U.S taking pot for medicinal and recreational purposes is legal.

Here are the emerging trends that’ll drive the cannabis industry forwards.

  1. Push for Cannabis Banking Reform

Some states in the United States have legalized the use of recreational and medicinal weed in their jurisdiction. However, growing, selling, and using weed products is still considered illegal by the federal government illegal. It’s therefore impossible to use your credit card at any weed dispensary  Seattle to buy marijuana.

Well, this is about to change. Unlike his predecessor, President Biden has pledged to decriminalize the use of weed products. Further, he intends to reschedule the drug from Schedule I to Schedule II.

Further, the Democrat-led house has introduced legislation allowing banks and financial institutions to provide financial services to pot companies.

  1. The Impact of Covid-19

The covid-19 pandemic has adverse effects on the economy. But, the pandemic offers an opportunity for the weed market to thrive. But how?

The countries that seek to recover financially in the aftermath of this pandemic will require new revenue streams. The adult use of cannabis presents an opportunity for the government to increase their income from taxation.

Other than finances, different scientists are researching how weed can help fight covid-19 symptoms. The fact that cannabis dispensaries in Quebec, Illinois, and the Netherlands were deemed essential services cements the importance of marijuana for patients and users.

  1. The Rise of Minor Cannabinoids

There has been a significant rise in researches relating to endocannabinoids and phytocannabinoids. Most of these studies focus on THC and CBD.

However, there’s a growing interest in researching other cannabinoids present in marijuana. Currently, there are over 150 terpenes and 120 cannabinoids in marijuana. There’s also a possibility that more compounds will be found in marijuana.

  1. An Increase in Sales

The demand for legal weed grows annually. As such, investors, consumers, and entrepreneurs should expect to see an increase in sales.

Further, the expectation that New Jersey, Virginia, Connecticut, and New York states will legalize the use of marijuana will result in higher sales. The consumer demographic is also changing and growing more diverse. For instance, an average weed consumer is a middle-aged person with women and senior citizens taking weed in its different forms.

  1. The Legalization Movement Will Go Stronger

The year 2021 will see several states legalize the use of marijuana in their jurisdiction. These states include Minnesota, Connecticut, New Hampshire, New York, Rhode Island, and New Mexico.

Further, public support for the legalization of pot is at an all-time high. At least 70 percent of the entire population supports the federal legalization of weed. And the figure is likely to grow as people learn the importance of weed and its products.

Conclusion

Do you want to enjoy the benefits of weed products? Take your time and search for Weed Dispensaries Near Me that offer quality weed products.