Post by
RReis09 on Oct 14, 2020 10:41am
The Cannabis Boom Just Started:
Theres reason to believe that the global cannabis boom started in 2020. Everyone looks to Canada as the pioneer of the global cannabis legalization and de-stigmatization trend. Rightly so. They are basically the first developed country to nationally legalize cannabis. In Canada, the cannabis market got off to a rough start in 2018 and 2019 because, quite frankly, nobody knew what they were doing. Canadian government officials didnt know to regulate the industry. Cannabis sellers didnt know how much product to make, or where to sell it. Buyers didnt know where to buy the product. It was a mess. But, in 2020, that mess is getting cleaned up. Government officials have relaxed tight restrictions, and the number of cannabis retail store openings in Canada is booming. Producers have right-sized their supply to match demand, and are getting that supply into the right channels now. Consumers are getting more and more comfortable with the legal model, and legal sales in Canada are hitting new record highs. In other words, Canada is finally figuring out how to turn robust demand for cannabis, into a booming market. The rest of the world will follow that blueprint. Over the next decade, more and more countries will legalize cannabis, sales globally will boom, and the massive cannabis wave that we were all expecting back in 2018, will finally arrive in the early 2020s.
Comment by
George141 on Oct 14, 2020 11:01am
...yes mistakes were made...inexperience because there was no precedents. It was all about size...not quality...Supreme was ahead of the curve from the get go. I agree the situation looks bright going forward. maintain
Comment by
nearnorth101 on Oct 14, 2020 12:27pm
there still needs to be a number of changes made to make the MJ industry run smoother , one is taking of the limit on amount of MJ that can be purchased, Right now I can only buy 5 Tweed THC drinks at a time, I should be able to buy as much as I want just like the alcohol industry
Comment by
vulcan123456789 on Oct 14, 2020 12:37pm
very true.. alcohol has always been given preferential treatment over tobacco and now mj.. as it best lines gov pockets. the deaths and broken families mean nothing as long as they reap the tax dollars from big alcohol. .theres no car crash pictures etc on beer cases.. as well you can visually see products and make selections. unlike tobacco..its a matter of self interest to gov