The love and demand for cannabis is drastically increasingly day-by-day. Over half of the citizens now patronize the legal cannabis market. As it is becoming increasingly accessible, the approach people take in buying the drug is expected to change. Here are what to anticipate in the new cannabis market.
With California taking the place of the six position of the economy in the world and taking part in recreational sales, the US market just boomed. The neighboring country, Canada, is also making advances to permit recreational use, which is expected to increase the market further. When the market is bigger, it means more producers will come on board, giving rise to more competition, more supply, and reduction in prices.
The size of consumer market also has a role to play. There are tons of healthy users per capita, for every single critical medical patient.
The visit to recreational vs. medical dispensary in recent years would be day and night. However, low tetrahydrocannabinol otherwise known as THC strains and branded products are thriving in the recreational markets, and have spawned the “mildly-psychoactive” conventional market.
In some years to come, recreational products will reflect the choice and quality of its medical counterpart, to meet the customer’s need.
Now that the atmosphere is now calm after the presidential election, and activities have returned to normal in newly legal states, there is need for politicians to join the crusade and align themselves with the approval.
In the upcoming elections in 2018, and the way voters are currently reacting, if they don’t throw their weight behind pro-cannabis legislation, they face removal.
This signifies into the perfect storm for pro-cannabis legislation in the coming year, including tax or banking deduction, which could further reduce the price of cannabis.
Most people are aware of the sticker shock of picking a tin of milk from the store down the street. Despite how expensive it has suddenly became, the trip was faster. Consider the amount of time and petrol saved, and few bucks seem a small price to offer. The access to cannabis will for sure follow this trend.
The taxes associated with recreational cannabis are something to put into consideration in the patient’s preferences. With the comparable quality of medicine and the number of recreational dispensaries already exceeding medicals, making outlets nearer, savings are the final bastion of the medical business.
But with other factors bringing down the cost of recreational cannabis product, these may cancel out totally. Additionally, California intends to charge recreational taxes to non-medical patients. Recreational convenience going at the same price with medical? Who would not embrace it?