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Cannabis Industry Current Events...

Cannabis Industry Current Events...

New initiatives for both medical and recreational marijuana are expected to help sales in the cannabis industry in this coming year. Below is an article from the Seattle Times about what we may expect to see. -Sarah N.

What to expect for cannabis in 2022

Jan 1, 2022 Article By: Seattle Times

The year ahead looks bright for cannabis, with all signs pointing to sustained growth over the next several years.

In fact, Marijuana Business Daily reports that legal cannabis sales in the U.S. are expected to surpass $30 billion in 2022. The increase comes after several states passed recreational and medical cannabis initiatives in 2021, increasing access to marijuana. Insider reports that 18 states and Washington, D.C. have now legalized recreational cannabis, and 37 states allow medicinal cannabis use.

Down below, we’ll give you the scoop on cannabis industry trends and expectations for 2022.

Normalizing weed

A Gallup Poll published this year found that 68% of Americans support marijuana legalization.

As popular opinion favors cannabis, businesses will likely be even more incentivized to invest in the industry. The popularity of embracing plant-based medicine for pain relief will likely grow, too. And, in time, smoking a joint or eating an edible may be as socially acceptable as having a glass of wine or cracking open a beer.

The rest of the story can be found here.

 

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Comments

Amber V. - January 15, 2022

The more we integrate cannabis into our daily lives, and talk about it, the more normalized it will become in out community.

Phil G. - January 15, 2022

It will be a game changer when we can start investing in weed stocks.

Derek K. - January 14, 2022

I heard some of the tax money will be used to put more cops near dispensaries because they think even legal weed will bring more crime. I don’t believe this is true. I think legalizing will lessen crime.

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