4 Main Challenges Affecting Cannabis Industry in 2021Posted by On


For the last couple of years, the Cannabis industry has witnessed great strides in legalization and innovations. In 2020, Montana, New Jersey, South Dakota, and Arizona joined the ever-expanding list. With the US welcoming CBD use in 15 States, there is a higher probability of more joining the bandwagon before 2021 ends.

By the look of things, Ohio, New York, and Florida steadily follows suit. These transitions bring forth new CBD brands launching, startups receiving more funding, and companies making solid stands. By 2025, the industry estimates to reach the $30 billion mark in market value. Still, like any other up-and-coming, here are five challenges that the industry has to overcome.

1. New Product Penetration

Improved laws surrounding cannabis use create an opportunity for manufacturers to experiment with innovations. As a result, edibles, THC and CBD products, vaping equipment, and others compete on the drawing board.

Potentially, the lucky few have a great potential of making a kill. On the other hand, several cannabis products may not have a substantial impact on the industry. This is because most of these products remain under Schedule 1 classification.

If the status changes, there would be speedy adoption and a possibility of CBD transforming the American economy positively.

2. Stigma around Cannabis Products

Even after an encouraging upsurge of cannabis legalization, society still associates the drug with disgrace. A product that has been illegal for ages…

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For the last couple of years, the Cannabis industry has witnessed great strides in legalization and innovations. In 2020, Montana, New Jersey, South Dakota, and Arizona joined the ever-expanding list. With the US welcoming CBD use in 15 States, there is a higher probability of more joining the bandwagon before 2021 ends.

By the look of things, Ohio, New York, and Florida steadily follows suit. These transitions bring forth new CBD brands launching, startups receiving more funding, and companies making solid stands. By 2025, the industry estimates to reach the $30 billion mark in market value. Still, like any other up-and-coming, here are five challenges that the industry has to overcome.

1. New Product Penetration

Improved laws surrounding cannabis use create an opportunity for manufacturers to experiment with innovations. As a result, edibles, THC and CBD products, vaping equipment, and others compete on the drawing board.

Potentially, the lucky few have a great potential of making a kill. On the other hand, several cannabis products may not have a substantial impact on the industry. This is because most of these products remain under Schedule 1 classification.

If the status changes, there would be speedy adoption and a possibility of CBD transforming the American economy positively.

2. Stigma around Cannabis Products

Even after an encouraging upsurge of cannabis legalization, society still associates the drug with disgrace. A product that has been illegal for ages…



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