10 Developing Trends In The Cannabis Industry 2020

24 november 2019

In 2020 there will certainly be changes in the cannabis and CBD industry. Not only will the market grow, but consumers will also be better informed about the products and all the possibilities that come with it.

  1. The legalization of cannabis continues to expand

This is mainly about America, where a number of states have already legalized cannabis, but where a couple of states still have a lot of fuss about this subject. The states that are the most important ones are: Connecticut, Minnesota, New Hampshire, New Jersey, New Mexico, New York and Rhode Island. There is a chance that this will change in 2020, and it is also the case that pharmacies that sell to recreational users will be legalized in Vermont. However, the possession and home breeding was already legalized in this area.

The support of the population is certainly helping and is currently at its height. For example, two thirds of the country support federal legalization and in addition to this progress, the population is also becoming increasingly aware of the potential benefits of this plant.

Other states will grow more slowly towards these decisions. For example, some states are decriminalizing cannabis, or some are seeking to establish a comprehensive medical cannabis law. So there is progress and this will certainly continue to grow in the future.

  1. Cannabis sales will increase

The fact that cannabis is now legal in 10 states is, of course, already causing an increase. In fact, on the 4th of July, hundreds of millions of dollars were spent on cannabis this year. This is a huge increase in the cannabis market. Furthermore, experts say that it is even possible that the cannabis industry will generate 130 million or even more annually.

  1. Several cannabis products will be available

Not only will new cannabis products be made available, but breeders will also be able to experiment more and create new types of cannabis. In fact, large companies are injecting cannabis into drinks, and this is likely to become popular among the population. Important companies that play a major role in the alcohol industry will also have a major impact on this. An example of such a company is Molson-Coors or if we look at a non-alcoholic company Coca-Cola that wants to make a carbonated drink with CBD in it. Edible products containing cannabis have been popular for some time, but there is a good chance that these products will appear on the market in an increasingly varied way. Experts even expect companies that normally have nothing to do with the cannabis industry to be interested in selling CBD food and especially because it will be legalized.

  1. A large target group with many varied customers

It seems that a large part of the (new) customers are a bit older and also more women will start buying cannabis. Eventually this target group will consist of one large mix of recreational and medical users.

  1. How much is being spent?

The expenditure of the population will certainly differ. For example, it is estimated that the average customer will spend between 25 and 50 dollars per visit, but a small group will also spend much more than 50 dollars. There are also a number of customers who spend smaller amounts, for example, 10 dollars or less. So, there is certainly importance for this product!

  1. Customers learn more about the advantages

Scientists have found that cannabis and its compounds can have significant benefits for general health, such as potentially reducing the risk of cancer, and the general public is likely to become more aware of these potential benefits. In addition, people are likely to become more aware that cannabis is much safer than alcohol or other medicines considered legal.

  1. Scientists explore new ways of medical use

Researchers are currently learning that some compounds in cannabis may have anti-cancer properties. More studies are likely to be carried out on this in 2020, but this is not the only one that has been experienced. Scientists may also be able to synthesize new compounds from natural cannabinoids. These compounds may be able to have a much stronger anti-cancer effect. In addition, CBD is thought to have an antibiotic effect, and it may even be able to treat infections that are antibiotic-resistant. This can lead to the development of current CBD creams that have antibiotic properties.

  1. Other connections of the cannabis plant

As you now know, the cannabis plant has THC and CBD in it, but scientists are now starting to realize that there are several advantages to the plant. The plant also has the following cannabinoid compounds: CBC, CBG, THCV and CBN. In addition, cannabis contains terpenes and these substances have an important influence on the psychoactive effects of different strains. And as discussed above, more and more customers are becoming aware of the positive effects and benefits of terpenes.

This is what you need to know about some of the key substances being studied in 2020:

CBN – this compound is formed as the age of the plant increases. This is usually found in low concentrations of less than 1% in fresh cannabis. It is only slightly psychoactive, but it does have strong anti-anxiety and calming properties. As a result of the increased awareness of this substance, there is a good chance that more CBN supplements will be available on the market this year.

CBG – this is the compound from which THC and CBD originate and it has a number of health benefits. However, the plant does not form THC and CBD until it is exposed to sunlight. It is likely that many CBD supplements will be impregnated with these cannabinoids in the future, and there will probably be more research into the possible benefits of this substance.

THCV – THCV can be quite psychoactive in sufficiently high doses, but it is usually present in relatively low concentrations. Moreover, the effects of THCV are very different from those of delta-9-THC. It tends to produce a stimulating, euphoric and intense, but short-lived high. Moreover, it is an appetite suppressant rather than causing the “munchies” as THC does. As awareness of this substance increases, there are likely to be more strains grown to contain high levels of this substance, and THCV supplements can be created.

CBC – CBC is a non-psychoactive cannabinoid, and it has a wide range of potential health benefits and medical applications. Unlike some of the compounds in this list, it is present in significant amounts in the plant, and this makes it easier to make CBC supplements.

  1. Cannabis stocks are an excellent investment

Due to the explosive growth in the cannabis market, shares in this sector are likely to grow significantly, but this also entails some risks. There are also certain companies that will do well in this sector such as: Canopy Growth, Cronos Group, Origin House, Marimed and Auxly.

  1. More doctors will recommend medicinal cannabis

As scientists become increasingly aware of the potential benefits of medical marijuana, doctors will more often offer this treatment to their patients. This will mean that pharmacies across the country will see an increase in sales.

For more information click here

Share this through Facebook

RELATED NEWS