420 with CNW – 3 Marijuana Trends Likely to Manifest in 2020

Marijuana consumers can attest to the fact that the modern marijuana experience is changing at lightning speed since they are experiencing the speedy growth firsthand. This is seen from the increased marijuana products being displayed on the shelves in dispensaries and the spread of marijuana reforms throughout the U.S. states, as well as the establishment of consumption lounges in selected locations. Besides, people should expect more changes in the marijuana sector in the near future.

This year, some of the changes that will take place include the presidential elections and the Food and Drug Administration (FDA) colossal duty of regulating CBD for human use.

We are optimistic about the 2020 trends because marijuana is developing into a designated commodity crop, and the cannabis sector is sort of similar to other traditional industries as legalization and commercialization of the plant continues throughout the nation.

Discussed below are some of the changes to expect in 2020.

  1. More emphasis on quality and accountability

The legal marijuana sector started with low expectations where people were expected to cultivate marijuana flowers or develop infused products that meet the state’s quality standards and then sell it to the consumers. However, this year people should expect to see drastic changes in the quality and accountability of marijuana products — because farmers have realized that growing better pot flowers gives them a competitive edge.

Marijuana edibles and topicals will also experience changes because brands will start investing in better, healthier, sustainable, and more luxurious ingredients, especially after the recent vaping illness outbreak.

  1. Favorable federal amendments

Although marijuana is still federally illegal, many pot fans are not affected by federal marijuana policies in their daily lives because cannabis is available in many U.S. states, making it possible for the majority of Americans to access legal marijuana.

In the U.S., every plant used for commercial purposes, through the dispensaries, cultivation facilities, manufacturers, pays a fee to the state. Acquiring a business location is very costly because of the restrictive zoning requirement and the stigma surrounding marijuana. Also, taxes imposed on pot are off the charts because of the IRS tax code 280E. Due to the difficulties of accessing financial services from the banks, licensed marijuana businesses are faced with the challenge of handling capital.

However, some of these challenges will change this year, and the consumers will experience the change because the U.S. Congress passed legislation that authorizes marijuana businesses to operate as any other business as well as the SAFE Banking Act.

  1. Enhanced marijuana technological discoveries

In the last few years,  there have been remarkable innovations in the canna-tech space, such as the hypur and Eaze delivery app, and we have also seen some failed tech innovation.

However, in 2020, we expect to see more canna-tech innovations because of the increased market confidence, funds availability, and the lessening of the stigma against weed. Besides, consumers are demanding heightened marijuana experiences.

Therefore, people should expect to see game-changing extraction pieces of machinery and consumption devices such as vaporizers. Farmers should also expect to see technological equipment that will make a significant impact on breeding and farming programs, and such technology will be on humidity control and decontamination. These technological improvements will be vital for companies that are considering exporting large shipments of marijuana around the globe.

Analysts posit that marijuana companies like The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) and Youngevity International Inc. (NASDAQ: YGYI) expect the issues above to have a strong bearing on the development of the industry in the coming years.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW420? Ask our Editor

Denver, Colorado
303.498.7722 Office

CNW420 is part of the InvestorBrandNetwork.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s