It’s that time when we dust off the year that was and look forward to what may be in the year ahead. At MJ Freeway, we are looking forward to the definitive merger agreement with MTech to be finalized. This will create an exciting new chapter for us and the industry, but we’ll talk more about that later. For right now, let’s do some speculating. Here are my top 10 predictions for the cannabis industry in 2019 (because ‘tis the season for lists, and who doesn’t love them).
The most famous business advisors will tell you the secret to succeeding in business is innovation.
Aside from the restrictive rules that govern the production and distribution of cannabis products, the transition from individual to fully public is the greatest challenge faced by most cannabis businesses. Luckily, technology is materializing to fill the void. Recently, Microsoft paired with KIND, a “seed to sale” platform to aid government organizations manage and potentially impose cannabis experience.
Since legalization, cannabis has undergone a transformation from an illegal narcotic to a respected medicine. Here in the United States of America it has been legalized for either recreational and/or medical use in 28 states.
The cannabis industry in the United States gets stronger with every state that legalizes. However, this political dance of legalization state-by-state is slowing us down in the global marketplace.
People are falling in love with concentrates.
Since 2004, sales of concentrates has grown by 412%. By comparison, edibles have grown 272% and flower has grown 149%.
Putting numbers aside, there’s a lot to dig about concentrates.
Three of us were crouched on a ledge, 5 feet wide, the first ledge in over 1000 feet of physically and mentally demanding rock climbing. We were climbing Spitzkoppe, an 1800 meter (5900 feet) tall, granite spire that majestically towers over the Namib desert in Namibia in Africa.
In April, I always think about every 420 since the beginning of the legalized market.
For many, the New Year is a pivotal time to create new plans, goals, and resolutions. My rebirth time of year has always been in the Spring. This year will mark my 9th 420 as co-founder of MJ Freeway. And for the past 9 years, anticipation of this holiday and the day of 420 has shaped many of my personal and professional goals.
On April 20, 2018, total U.S. cannabis sales will increase by more than 150% compared to an average sales day. Millions more people will buy cannabis compared to any other day this year. Here are some tips to get your products in more of their hands.
Think it is too late for you to “prepare” for 420? It’s not. 7 things you can still do as a cultivator to capitalize on increased sales from 420.