The marijuana industry in California is in the building phase at the moment. Many people especially those who have an interest in entering the market are watching the progress. Since this is a promising industry, many people are predicting what’s likely to happen throughout 2017. Every stakeholder including the government, the state, dispensaries, and farmers are always on the lookout for the latest trends in the marijuana industry. According to experts and analysts, a lot is going to happen. By the end of this year, the industry will be totally different from what it is at the moment. Some of the predictions for the marijuana industry in California include:
More Demand for Synthetic Cannabinoids(CBD)
As the cannabis industry grows, there’s an expectation of an increase in the demand for marijuana extracts such as synthetic cannabinoids. Though its legality has been a question of great debate, the demand for this extract will go up as experts continue testing its efficacy. As the state moves towards seeing the industry set well and on track, we expect to see many new products on shelves. In fact, there are already new faces on marijuana dispensaries and delivery teams. All these and other developments will see the demand for marijuana and its extracts including CBD go up. Though some associations have been questioning and battling the legality of extracts, that won’t have much impact on what’s happening now. We’ll see new products that make use of these extracts.
Creation of Options for Marijuana that Fails Pesticide Tests
Growers of medical marijuana have always been asking for options for cannabis that doesn’t pass pesticide testing. Since this is a major issue and concern for many people, we’ll see some options created for them. Researchers and experts are on toes exploring some of the possible options. It’s, therefore, becoming clear that before 2017 ends, we’ll see some interesting developments. At the moment, growers have to destroy any drug that fails the testing. While that can be good for safety and compliance, the fact is that it’s a great loss for farmers. As a way of stopping this trend, it’s good to have other alternatives for plants that fail the testing. We’ll hopefully see some options this year for medical marijuana.
Approval of Medical Cannabis by Sport Leagues
Research has found that cannabis is very useful in the treatment of head injuries and pain among athletes. In fact, some athletes are already using it and enjoying the healing property of marijuana. Since the number of professional athletes and other sport’s persons using this drug is increasing, something will happen this year. We expect to see some major sports leagues approving this drug. Players are pushing hard to be treated like other patients. Since this is something great and works, the leagues won’t have another option but to approve medical cannabis. It’s just a matter of some months before this becomes a reality. Prescribed Opiates cannot compare with marijuana. That’s why sportspersons see marijuana as the best option.
Increase in Supply and Decrease in Price
With the entry of many farmers and dispensaries into the marijuana industry, it’s expected that 2017 will see the supply of marijuana go up while price decreases. Even as we wait for the industry to take off, we can already see a lot of activity and entry of new players. Since the law to legalize weed went through, there have been many changes in just a few months. Going by what is happening, we can say that, indeed, there is a lot that will happen in 2017 in the marijuana industry. With many growers at the moment, we can say that the supply of the drug will go up going forth.
Change in Law Enforcement
The move by the state to legalize cannabis was great and received a lot f backing from citizens. However, there have been a few controversies between the state and federal law. To help clear these issues, we might see some change in law enforcement. In fact, we are already experiencing some changes. Prosecution of marijuana crimes has gone down following the legalization. Before the end of this year, the marijuana industry will no doubt experience a change in the enforcement of the law. Let’s wait and see what happens.
The marijuana industry is, indeed, set for many changes and transformations. 2017 has many things in store for this industry. The state and the federal government are working to see that the industry gets a new face and appropriate enforcement of the new marijuana law. All these happenings will see some new things happen in this industry. We can, therefore, say that this industry will be a completely new thing by the end of the year. We’ll see many industry players than we have at the moment. Besides that, we’ll also see many new marijuana products in the market. It’s just a matter of a few months before all these things happen. Indeed, 2017 has many things for the cannabis industry.
