Cannabis has become one of the most fast-paced industries, from the ever-evolving legal landscape to trends and innovation.
It’s a lot – but in a good way. Here’s what we predict as the next big thing on the cannabis horizon.
Consumption lounges and growth
Due to legality concerns around cannabis, consumers in several states have had to indulge in private.
But, as the market continues maturing and decriminalization gathers steam, consumers will begin pushing for more elevated experiences.
While consumption lounges are mostly rarities and tend to be slow to open, they will set the stage for breaking down some of the industry’s boundaries today.
The spotlight on less mainstream cannabinoids
Several experts in the field predict that we will begin to explore, market, and enjoy parts of the plant that were previously not so mainstream.
This prediction also branches into advancements in science, extraction, and consumer curiosity.
Currently, the most popular part of the plant to consumers is the flower, also known as the buds, or “bud”.
Within that part of the plant, you find the most common chemical compounds on the market such as cannabinoids and terpenes, that get you high or offer health benefits.
However, there are around 6-8 fully chemically distinct cannabinoids, and each of these cannabinoids has unique properties that can be extracted, explored, and enjoyed for consumer consumption.
THC and CBD will remain on top of everyone’s list, but experts predict that some of the 100-plus lesser-known cannabinoids will start to become more and more popular.
Be on the lookout in the upcoming year for some of these less common cannabinoids:
- Cannabigerol (CBG)
- Cannabinol (CBN)
- Tetrahydrocannabiphorol (THCP)
- Tetrahydrocannabinol-O-acetate (THC-O)
- Delta-8 tetrahydrocannabinol (THC)
Easier access at all times
We imagine it will be easier to obtain the plant in all forms – from walking into dispensaries in states that are currently not legal, to pop-up shops.
Rumor has it that even delivery cannabis will continue to expand, with whispers of an “uber for cannabis” model on the forefront.
Growth in tech and ancillary sectors
As the industry evolves, so does interest from investors and other businesses in the space.
In fact, cannabis is one of the largest sectors hosting “subsidiary” brands to big players in the
technology game.
Anything from POS systems and technology – to cannabis payroll and cannabis workforce management. Everything is growing with the industry as it iterates and becomes more refined.
Total national legalization
It’s no secret that cannabis is not nationally legal in the states; however, as the industry grows and begins to show its benefits, including harm reduction, social equity, and profitability to governments, we predict that the national legalization moment is on the horizon.
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Author: Stewie Wilson
Stewie Wilson is the brand ambassador at KayaPush technologies. He is an avid educator and advocate for small business owners within the cannabis space.