Saturday, February 20, 2021 4:37:36 PM
By: Green Market Report
February 19, 2021
Green Market Report
Cannabis isn’t just about smoking anymore; it is incredibly inclusive to people from all walks of life for both medical and recreational purposes.
In the past few years, there has been one major central theme debated heavily by society. That is the legalization of cannabis. The once demonized plant stigmatized to cause delusions and murderous tendencies have been finally revisited and approved by government officials. As the health benefits of cannabis become more prominent, more and more stares are starting to legalize it.
In fact, legal cannabis has been taking over the market and skyrocketing in growth. During its first year of legalization in Colorado, the state earned over $700 million in tax revenue. The number has since grown to more than a billion dollars a year.
The industry is now considered a mega-giant, catering to those who need it for both medical and recreational purposes. However, there is a lot more to be said about this. If you are wondering about the ins and outs of the cannabis industry and how it became such a profitable industry virtually overnight, then here are a few points to keep in mind.
A large market of products
One of the bigger reasons why cannabis has become a hyper popular resource is the incredibly wide range of products that are available in the market right now.
Thanks to technological advancements since the advent of legal cannabis, users are no longer only given the choice of a few ways to smoke, such as joints, water bongs and pipes. Many online head shops, such as Smoke Cartel, still sell water bongs, as well as the accessories needed for them. The market is so large that there are even bongs and dab rigs that look like pieces of art, which have now been labeled luxury marijuana products.
Now, there exist state-of-the-art wax vaporizers which are bound to give you a long-lasting buzz from a quick odorless hit. There are also dry herb vaporizers for the people who still enjoy the feeling of smoking.
Even for those that do not smoke, there are many new ways for them to feel the effects of cannabis. For example, cannabis edibles come in all shapes and sizes, such as ChronTella which is an infused Nutella mix, cannabis lollipops, gummy bears, and more traditionally, cookies and brownies.
For those that do not want to eat nor smoke their dry herb, there is also an option for this demographic. Through the use of tinctures, everyone can enjoy the calming effects of cannabis with a single drop of concentrate under their tongue.
With all these new inventions, cannabis is not just about smoking anymore, it is incredibly inclusive to people from all walks of life.
There are a ton of benefits
One of the biggest reasons why cannabis was legalized is because of its anti-cancer properties. However, that is not the only thing cannabis is good for. Almost like a cure all, the plant offers a ton of medical benefits to users. For example, it is well known to reduce anxiety for many people as it offers a calming effect. Medical cannabis is also proven to have properties that combat and treat mental disorders such as Tourette syndrome, PTSD, eating disorders, depression, insomnia and many more.
The vast number of medical benefits makes it incredibly appealing to many people. Because of this, the medical marijuana industry has particularly benefited from this and it has allowed people suffering from various conditions to find relief.
A lot of people smoke
You might be surprised to hear, but a lot of people smoke. In fact, a poll conducted in 2020 suggests that up to 25% of U.S. citizens have admitted to using cannabis on a regular basis. One-quarter of the U.S. enjoys the herb, and if infrequent users are added into the mix, then this percentage goes much higher.
Moreover, the number of users has only been continuously increasing as more and more cannabis dispensaries, lounges and paraphernalia shops are starting to pop up all around the country. Also, as the stigma relating to cannabis has been proven a falsehood by the government, it serves as a bolster to further empower many people’s new outlook on the drug.
It is not only about THC
Cannabis is not just about getting high. There is so much more than just THC, namely CBD, which is the main component of cannabis’s health benefits. It is being use in a variety of ways other than treating mental illnesses. For example, CBD is used in skincare products, topicals, creams for sores and much more. Furthermore, CBD is not psychoactive, so it is more widely available than marijuana as it does not necessarily break drug laws.
This article originally appeared on Green Market Report and has been reposted with permission.
Recent TLRY News
- Shock Top Announces its Official Craft Beer Sponsorship of University of Missouri Athletics • GlobeNewswire Inc. • 09/19/2024 11:12:39 AM
- Tilray Medical Launches Redecan Cannabis Brand in Australia • GlobeNewswire Inc. • 09/18/2024 11:00:00 AM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 09/17/2024 08:08:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/17/2024 12:27:26 PM
- Form 424B7 - Prospectus [Rule 424(b)(7)] • Edgar (US Regulatory) • 09/17/2024 12:22:43 PM
- Tilray Brands Completes Acquisition of Atwater Brewery From Molson Coors Beverage Company • GlobeNewswire Inc. • 09/12/2024 08:05:00 PM
- Breckenridge Brewery Unveils Oktoberfest Brew and Hosts 28th Annual Oktoberfest Festival: A Weekend of Live Music, Traditional German Cuisine, and Tasty Brews in Breckenridge, Colorado • GlobeNewswire Inc. • 09/12/2024 11:00:00 AM
- Tilray Medical Supports Scientific Study on Fibromyalgia With Positive Outcomes: Effectiveness of Cannabinoids Treatment in Pain Management and Other Fibromyalgia-Associated Symptoms • GlobeNewswire Inc. • 09/09/2024 11:00:00 AM
- Tilray Brands Completes Acquisition of Craft Beer Brands and Breweries from Molson Coors Beverage Company • GlobeNewswire Inc. • 09/03/2024 02:33:24 PM
- High Volatility Expected in Nvidia Report, Ambarella Soars 20%, Hertz Strengthens Board, Apple Cuts Jobs • IH Market News • 08/28/2024 09:50:36 AM
- Breckenridge Brewery Announces Latest Concert Series With Kaleo, Hippo Campus and Cassandra Lewis • GlobeNewswire Inc. • 08/26/2024 11:00:00 AM
- Craft Cannabis Brand, Broken Coast, Launches Latest Artisanal Strain, ‘Milk & Cookies’ for Avid Indica Enthusiasts • GlobeNewswire Inc. • 08/22/2024 11:00:00 AM
- Solei Launches New THC Infused Sparkling Beverages and Topicals • GlobeNewswire Inc. • 08/15/2024 11:00:00 AM
- Shock Top and Gator Athletics Partner to Introduce First-Ever Craft Beer Sponsorship of the Florida Athletic Department • GlobeNewswire Inc. • 08/14/2024 11:00:00 AM
- UBS Beats Earnings Forecasts, Intel Divests Arm Holdings, Flutter Surges 9% in Premarket Trading, and More • IH Market News • 08/14/2024 09:56:35 AM
- Tilray Brands to Acquire Four Craft Beer Breweries from Molson Coors Beverage Company • GlobeNewswire Inc. • 08/13/2024 06:15:00 PM
- Breckenridge Distillery Partners with Denver Broncos Legends to Release Fourth Edition Broncos Country Bourbon Blends • GlobeNewswire Inc. • 08/08/2024 12:00:00 PM
- Move Over Pumpkin Spice, Shock Top Reclaims Autumn With the Return of Twisted Pretzel • GlobeNewswire Inc. • 08/08/2024 11:00:00 AM
- Breckenridge Brewery Opens New Location in Fort Collins, Colorado • GlobeNewswire Inc. • 08/05/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 08:08:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 10:35:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 10:34:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 10:34:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 10:34:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 10:33:53 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM