As of February 2023, the cannabis industry continues to be a hot topic in the news cycle, with stories ranging from legislative updates to scientific breakthroughs and everything in between. Here are the top 5 most relevant cannabis news items, with a specific focus on legalization, regulation, science, and business:
Global cannabis sales are on track to increase
from $13.4 billion in 2020 to a projected $148.9 billion by 2031, according to a report by Investopedia
. This growth opportunity has led to a surge in startups and IPOs, as well as increased competition among existing players in the industry.
In the United States, cannabis legalization continues to be a hotly debated topic. As of 2023, 39 states and the District of Columbia have legalized medical cannabis, while 18 states and D.C. have legalized
recreational use. The remaining states vary in terms of their cannabis policies, with some allowing limited medical use and others maintaining strict prohibition.
In terms of regulation, the Canadian cannabis industry is setting a standard for the rest of the world. The top five product segments in Canada include tinctures and sublinguals, pre-rolls, topicals, concentrates, and flowers, according to Forbes
. As the industry continues to grow, it will be important for regulators to ensure that product quality and safety standards are maintained.
Cannabis science continues to be a fascinating and rapidly evolving field. One recent study found that terpenes, not THC levels, are the best predictors of how much a consumer will enjoy a particular product
. Other research has focused on the potential medical benefits of cannabis, including its use in treating chronic pain, anxiety, and other conditions.
Finally, the cannabis business landscape is constantly evolving. In 2022, the Investing News Network reported on major events in the cannabis investment market, including a surge in M&A activity and increasing interest from institutional investors
. As the industry matures, it will be interesting to see how it continues to adapt to changing market conditions and regulatory environments.
The cannabis industry is a rapidly evolving space that touches on a wide range of topics, including legalization, regulation, science, and business. As global cannabis sales continue to grow and more countries legalize cannabis, it will be important for stakeholders to stay informed about the latest developments and trends in the industry. Be sure to follow us here for the latest information, and we welcome entrepreneurs and business owners to reach out directly
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