The cannabis industry is continuing to grow, and with it, so does interest in this fascinating plant. With that being said, what is it? What’s behind all the hype? In this article, we will be exploring some of the key components and discussing some of the benefits and risks associated with investing in cannabis. We’ll look at everything from how rapidly it is growing to how cannabis can be used for medical purposes, so by the end of this, you’ll have a better understanding of what the cannabis industry is all about and whether or not investing in it is right for you.
The Cannabis Industry Is Growing Rapidly
The cannabis industry has seen tremendous growth from being associated with stoner culture not too long ago to now being a multi-billion dollar industry that has established roots in many sectors of society including healthcare, pharmaceuticals, consumer goods, agriculture, as well as the beauty industry, name a few. Many businesses are buying into the marijuana hype as well, in hopes of establishing themselves in the industry and growing their profits. The legal cannabis industry is one of the fastest-growing industries in the United States, with sales soaring by 34% between 2018 and 2019. In addition to this, in 2020, sales are expected to reach $15 billion, and that number is expected to reach $30 billion by 2025.
Cannabis Can Be Used for Recreational Purposes
In addition to all the medical benefits of cannabis, about which we’ll talk below, the plant can also be used for recreational purposes. Cannabis is the most-used mind-altering drug after alcohol. Cannabis is illegal in some states, but some states have legalized it for medical and recreational purposes. Cannabis comes from the hemp plant, and the chemicals in cannabis can be found in the leaves and flowering roots. THC, which is the most well-known of these chemicals, is what creates the psychoactive effects that people love about using this plant recreationally. There are many ways to consume cannabis recreationally, including by smoking it, vaping it, or eating it in edibles. Online cannabis resources such as Nature & Bloom can be very helpful if you’re a beginner, as they provide reviews and content related to cannabis products and consumption. This will help you choose the right product for you if you don’t have any previous experience. Overall, cannabis is widely used for recreational purposes.
The Majority of Americans Support the Legalization
As the legal cannabis industry continues to develop, so does public support for this industry. There is growing public support for the legalization of both recreational and medical cannabis, and as a result, investors are taking note. The latest Gallop poll published in November 2020 showed that 68% of American adults supported the legalization of cannabis in the United States, which has gone up by 12% since 1969. Cannabis stocks have also soared since more states have legalized cannabis for recreational use.
Cannabis Can Be Used for Medical Purposes
Cannabis has been used for medical purposes for centuries, which is one of the main reasons for the plant’s wide popularity in the health and wellness industries. Only recently have the medical benefits of cannabis begun to be recognized by the mainstream medical community; however, cannabis can now be used to treat a wide range of health conditions. While all of the cannabis plants are beneficial for health purposes, the secret lies in CBD, which is one of the main active ingredients in the cannabis plant and is responsible for many health benefits, including the following:
The legal cannabis industry is responsible for providing jobs to thousands of people across the United States. In fact, in 2018, 250 000 jobs were directly related to the cannabis industry, and by 2022, that number is expected to grow to 340 000 jobs.
There’s a lot of hype surrounding the cannabis industry, and for good reason! The cannabis plant is responsible for many health benefits, and growing legalization has increased public support for this plant. The multi-billion dollar industry is expected to continue to grow and see more success as cannabis is sweeping the world by storm. If you want to consume cannabis, ensure that it is legal in your area first by doing the necessary research. Once you have gotten the green light, enjoy!