The past few years have borne witness to a number of major advancements wherever cannabis is concerned whether it’s the continuing legalization of cannabis across the United States, the growth of THC-friendly markets around the world, or improvements in how CBD products are leveraged to help patients in need of healthcare, there are many obvious facets of the cannabis revolution everywhere you look.
It would be a fool’s gambit to think that the budding cannabis industry is only going to enjoy such vibrant growth in the short term. With each passing day, more compelling evidence is generated that the ongoing cannabis revolution is just getting started.
The market is engulfed in “reefer madness”
These days, investors can’t get enough of the ongoing cannabis crazy, to such a wondrous extent that it wouldn’t be unfair to say that the market is engulfed in reefer madness. This is a truly astonishing development given the history of criminalization and ostracization that cannabis and its proponents have been forced to endure, especially since it was only a few years ago that the legalization of the substance in any shape or form was largely written off as nothing short of a fantasy. After all, it was as recently as the 1980s that as notable an individual as the president labeled cannabis the most dangerous drug in America.
The recent revolution in how cannabis is being treated shouldn’t come as a huge surprise, however, largely because the history of hemp is rife with peculiar twist and turns. Authorities haven’t always been eager to stamp down on the proliferation of cannabis; once upon a time, the U.S. government event encouraged the production of hemp, as it was vital towards the creation of rope, sails, and other crucial instruments of commerce and national security in the days of frigates and sloops. Recently, however, it’s beyond a doubt that cannabis has been consistently stigmatized and outlawed – until now.
Cannabis stocks have been dominating the marketplace as consumers across the country eagerly flock to havens of legalization where they can indulge to their hearts’ content. Small businesses and major corporations alike have been tapping into the growing gusto behind the commercialization of cannabis, with huge celebrities getting in on it in the form of brand sponsorships. All of this is only the beginning, too, as the forthcoming years will prove beyond any doubt that cannabis is now an ingrained part of our commercial marketplace and consumer culture.
The digitization of cannabis is going to be unparalleled
For all of the impressive changes that have occurred in the past few years alone, most of the change in the cannabis industry is yet to come. That’s because a trend of digitization is going to upset the cannabis market and truly redefine how this substance is produced, shipped, and consumed all around the world. As a black market substance, cannabis was for many years simply unavailable to those who would otherwise love to try it. These days, however, cannabis’ commercial accessibility is greater than ever before thanks to the powers of the internet and the connectivity it generates.
An impressive website selling cannabis seeds or a useful forum offering advice on how to cultivate them are now only a few clicks away for the average person. Similarly, the testimonies and experiences of long-time cannabis users are now readily available online to those rookies who want to learn about cannabis before they foray headfirst in the subject. All of this will lead to a new generation of consumers more interested and involved in cannabis-related business than ever before.
Social media platforms are already becoming hotspots of cannabis-related advertisements, and this trend isn’t going to slow down anytime soon. The influence of Instagram and the pervasive reach of Facebook will enable cannabis cultivators to peddle their products to a truly international audience, especially as countries around the world follow the lead of Canada and localities in the United States and legalize or decriminalize the substance. This will generate new issues which must be promptly tackled, too, including how to regulate cannabis-related commerce online and how socially acceptable the substance will be once it’s plastered on the digital billboards we all scroll by each day.
The market is only just getting started
Cannabis companies are already taking off in areas that have legalized the substance for medicinal or recreational purposes, but the market is really just getting started. The next few years will witness many current market leaders fall into insignificance as newcomers rise up and take the reins of commerce by force. As innovators and forward-thinking entrepreneurs flood into the cannabis marketplaces of the United States and Canada, we can expect tumultuous changes to emanate outwards and impact budding marketplaces around the world that are just getting started.
Don’t make the mistake of thinking all the major changes surrounding cannabis have occurred now that it’s widely accepted and largely decriminalized. The future is still rife with opportunity when it comes to the commercialization and widespread acceptance of cannabis products.