Cannabis - Trends

Regulations evolve rapidly as medicinal and recreational use expands. Strategic plans advise cultivators and retailers on facility build-outs, product development, marketing and compliance protocols. Roadmaps support geographic expansion and new verticals in CBD wellness products.

The legal cannabis industry continues its evolution as more countries and U.S. states move towards legalization and decriminalization. Biotech applications involving plant genetics, tissue culture and biosynthesis are improving yields and standardizing production. Tech platforms are also formalizing distribution and retail, while analytics capture insights to inform new product development and marketing strategies. As regulations evolve, we expect the medical and wellness potential of cannabis-based therapies to be further explored and validated.

With the legalization of cannabis, people can now use drugs without risk and take advantage of their therapeutic effects. As a result, many countries are gradually legalizing the use of cannabis. At the same time, it is still illegal in most countries. As the laws governing its use and sale have become more relaxed over time, cannabis use for recreational purposes has become increasingly popular worldwide. This has helped the recreational cannabis industry as a whole to grow. Through the substantial demand for cannabis use for recreational purposes, this market segment is already outpacing all others. The market for cannabis used for recreational purposes could grow significantly if it were made legal.