(This is an abridged version of the cover story for the January issue ofMarijuana Business Magazine.)
Cannabis executives, professionals and financiers can expect 2020 – and the rest of the new decade – to have at least as much impact on their businesses as any year in the past 10.
New legal recreational and medical cannabis states have come online – or are poised to – in Illinois and Michigan as well as unexpected markets such as Missouri and Arkansas.
And then there’s the real prospect in 2020 that voters and/orlawmakers in Northeast states such as New Jersey, New York, Pennsylvania and Rhode Island will approve recreational markets.
Mexico is making huge strides in recreational cannabis legalization, and medical marijuana markets are gaining momentum overseas from Australia to Italy. Even more countries appear to be moving toward legalizing either medical or adult-use cannabis.
And then there’s the hemp sector.
Hemp farmers began 2019 with federal approval to operate, but theyfaced a CBD glut, so they now are trying to expand their opportunities by branching intominor cannabinoids such as CBG, CBN and CBD-V.
From a financial standpoint, the industry saw marijuanainvestors becoming more frugal, which led cash-poor businesses to cut employees by the hundreds and walk away from planned mergers.
In an attempt to help marijuana entrepreneurs prepare for what might lie ahead in 2020, Marijuana Business Magazine spoke with cannabis industry experts to explore some of the pressing questions facing the sector in 2020.
Among them:
- Will hemp farmers switch to lesser-known cannabinoids?
- Will the U.S. government loosen banking restrictions?
- What impact will the newfound cooperation among Northeast governors have?
- Will investors continue to be tightfisted?
- Will companies be forced to keep scaling back?
- How will cultivators respond to the clean-cannabis movement?
- What impact will the vape crisis of 2019 have on extraction companies?
- How will the industry react to consumers’ desire for solvent-free, easy-to-use concentrate products?
- What impact will the move to online shopping have on retailers?
- Will rapid-onset edibles transform the infused product sector?
- Is this the year Colombia becomes a global powerhouse?
- Which countries will have the most impressive growth?
Pure CBD Hemp Oil
- Pure CBD Tincture, derived from organic, US-harvested hemp, lab-tested for quality.
- Clinically proven therapeutic effects.
- Relieves anxiety and stress
- Eliminates chronic pain and aches
- Regulates mood and sleep patterns
- Enhances focus and clarity
additional information, george scorsis
Originally posted on Cannabis executives anticipate expanded legal marijuana market via Cannabis Industry News
No comments:
Post a Comment