Cannabis Industry Trends in 2022

Cannabis Industry Trends in 2022

Cannabis Industry Trends in 2022 – Buy Weed Online.

Cannabis Industry Trends in 2022.

1. Several States Will Legalize Cannabis

While we don’t expect the federal government to legalize cannabis, many states are expected to have cannabis reform initiatives on the November 2022 ballot, and others plan to legalize the drug or expand their current cannabis laws through legislative action. buy weed online

Recreational cannabis is expected to become legal in Rhode Island, Maryland, and Delaware. Medical cannabis legalization may happen in Mississippi, Kansas, South Carolina, and North Carolina. Cannabis Industry Trends in 2022

Congress Will Fail to Pass Cannabis Bills.

Congress has introduced several cannabis reform bills (MORE, SAFE, STATES, etc.) without success in recent years. In 2022, we expect Senate Majority Leader Chuck Schumer’s Cannabis Administration and Opportunity Act (CAOA) to be dead in the water in the Senate.

Cannabis banking reform has been a hot topic of discussion in Congress. Congress may consider the SAFE Banking Act as a separate piece of legislation, but the chances it will be considered before the November election are slim. Cannabis Industry Trends in 2022

European Union Will Move Toward Cannabis Legalization.

In December 2021, Malta became the first country in the European Union to legalize cannabis. While recreational cannabis sales will not be legal, users can join non-profit collectives to grow and obtain cannabis. For years, many countries in the EU have inched forward with decriminalization and medical cannabis reform. Cannabis Industry Trends in 2022

In 2022, we expect Germany to lead the charge to become the second country to legalize cannabis in the EU. A new German coalition government has stated it is working to legalize cannabis sales. While no bill has been presented, industry experts believe the drug may become legal within two years. Cannabis Industry Trends in 2022

Consumption Lounges Will Open – Cannabis Industry Trends in 2022.

In 2022, we expect cannabis tourism to grow, despite the fluctuations in COVID-19 infections. Currently, users are only allowed to use in the privacy of their homes, but with the opening of consumption lounges in 2022, we predict a rise in communal cannabis use. In Nevada, consumption lounges are expected to open in mid-2022. Weed for sale

As the problem of climate change worsens without significant preventative actions to stop it, we expect the era of severe natural disasters to continue. Environmental factors such as heavy winds, hurricanes, wildfires, and smoke are devastating for outdoor growers. Most times, obtaining affordable crop insurance for these instances is near impossible. How to buy weed online

In California, a legislative proposal would require indoor growers to use LED lights by 2023 as part of sustainability measures. If passed, the measure would increase cannabis costs by hundreds of millions of dollars. Whrere to buy weed

More Mergers and Acquisitions Across the Industry.

In the U.S. cannabis industry, cannabis companies struggle to work with banks. Most banks refuse to provide services to cannabis businesses since the drug is federally illegal. Companies must seek funding elsewhere, from private investors or credit unions.

In 2022, big companies with plenty of cash reserves will continue to buy smaller cannabis businesses that need capital to survive in this competitive market. Expect multi-state operators to continue their expansion across the country, especially in fast-growing cannabis markets. Cannabis Industry Trends in 2022

While cybercrime fell in 2020, it increased in 2021, and industry experts predict 2022 could see a record increase in cybercrime. In the cannabis industry, point-of-sale technology, seed-to-sale software, and automation solutions are prime targets for hackers and cybercriminals. Cannabis Industry Trends in 2022

In 2022, enhanced IT security systems will become necessary for cannabis companies to protect customer information from hackers. Unfortunately, most cannabis companies are not prepared for a cyberattack. In 2022, cyber coverage will be top of mind. Cannabis Industry Trends in 2022

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