8 Reasons Why the Cannabis Industry Is Growing So Rapidly

As cannabis is one of the world’s most cultivated drugs, jobs needed for this industry were in abundance in 2019. Nearly 340,000 were said to be cannabis-related in that year. 

Moreover, a growing number of investors show interest in the canna-business, which leads to more jobs needed in this field. 

Even though its use is still illegal in some states, 35 of them, along with the District of Columbia, have legalized the use of cannabis for medical use. Since November 2020, 15 of them have legalized it even for recreational use.

This “map” of marijuana use shows its tendency to continue growing in 2021, which the canna industry will have to follow by booming in its growth as well.

From this short overview, you can already get an idea of what may yet come. We have made a detailed list of no less than eight reasons why this growth is so rapid.

The main reasons for the fast growth of the cannabis industry are:

The Attitude Towards Cannabis Is Changing 

When people started reading more about the potential benefits of cannabis use, they became more open-minded. Searching for trusted cannabis seeds online is no longer infrequent since cannabis started paving its way to becoming more mainstream.

Recent research showed that the consent of Americans for legalized marijuana use has doubled since the year 2000.

The Reforms in the Policy

Kamala Harris, the Vice President of the United States, was involved in the Marijuana Justice Act bill as one of the co-sponsors. This bill decriminalizes marijuana and builds a path towards its legalization. She stated that those who are caught with cannabis would not be convicted.

Moreover, Joe Biden, the President of the United States, also expressed that he wants the criminal records of those convicted of possession expunged. He, too, is on the side of having the drug decriminalized.

The Rise of CBD

In 2018, the third most searched canna-related and even food-related item was CBD gummies. Laced with the compound we call CBD (cannabidiol), gummies are edibles that have become vastly popular for easy consumption and dosage.

This compound, derived from cannabis and hemp plants, differs from THC in only a couple of atomic bonds. However, the key difference lies in the fact that THC gets the user “high” and CBD doesn’t. Also, CBD is said to be a pain reliever and an anxiety and depression combater. Also you can find top quality water pipes at budder bongs which are used for the THC consumption.

FDA vs. CBD, Regulation in the Near Future?

Presently, the FDA (Food and Drug Administration) states that they still don’t have information on what risk-effects CBD may have in the long-term use. 

A few years earlier, though, in 2018, the FDA approved CBD in an instance for the first time. A CBD-containing medicine called Epidolex was claimed to have a very low potential for abuse and was used for treating epilepsy.

This may be promising for the future. The year 2021 might be when FDA makes a regulatory bodywork for CBD and widens the market abundantly.

The Growth of Medical Marijuana

Given the various potential benefits that cannabis has in medical use for the treatment of appetite loss, epilepsy, nausea, pain, etc., the use of medical marijuana is growing too.

Today, cannabis is legal for medical use in 34 states: New York, Delaware, Ohio, Oklahoma, New Jersey, Illinois, Hawaii, North Dakota, Utah, Montana, New Mexico, Connecticut, to name only a dozen. 

The Interest in Canna-Related Jobs

The interest in jobs that are tied to the cannabis industry is growing daily. The interest in these jobs influences the growth of the canna market and vice-versa. It’s a codependent relationship.

Companies hire more people to keep pace. This is estimated to lead to a 250% overall increase in full-time American jobs between 2018 and 2028. 

The Convenience of Online Shopping

The fact that just one click divides you from acquiring a cannabis product made shopping easier. You can read reviews, choose from a wide variety of products, and reach customer service at all times.

When it comes to online shopping, the discreteness of packaging plays an important role. This way, none of your neighbors will have to know what got delivered to you. 

The Various Consumption Options

The numerous ways to consume cannabis have also led to overall industry growth. Namely, those who want to avoid smoking or vaping the product can easily use it otherwise.

Edibles, such as gummies or the tincture, allow you to consume marijuana as a food supplement. Gummies are consumed like any other candy, whereas the liquid from the tincture is placed under the tongue.

Conclusion

As we have pointed out, the more information people had about cannabis at hand has led to a greater interest in the plant. People’s open-mindedness, the loosening of the policy, and the overall positive impact of CBD on health widened the canna industry’s borders.

Analyst Vivien Azer even predicts that by 2030, the canna industry in the States will be worth a magnificent $85 billion.