The Legalization of Cannabis Continues — JANUARY 2023 Cannabinoid Monthly Playbook

Legalization of Cannabis, 8th Revolution

The cannabis industry will grow tremendously over the next few years, with analysts predicting it will be as big as a hundred-billion-dollar industry. The legalization of cannabis in many states has opened the door to a variety of new opportunities, including the development of new products and services, the growth of existing businesses, and the introduction of new technologies. With challenging times ahead, it is essential to understand how far the industry has come and to view your company’s place in the industry from a macro perspective. As more states legalize cannabis, the stigma associated with cannabis use continues to decrease. A stigma reduction will likely lead to increased demand for cannabis products and further investment in the industry. The long-term future of the cannabis industry is bright, so don’t be afraid to take risks and explore new opportunities.

Kellen Finney, Eighth Revolution

Editors’ Note: This is an excerpt from our Monthly Playbook. If you would like to read the full monthly playbook and join the thousands of others you can sign up below.

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