Talking about marijuana in 2019, there was a lot of advancement and success. The huge momentum created for the legalization and decriminalization of cannabis means we can expect much more for it in the coming time. Weed enthusiasts are trying to understand what will happen in the next year. Here are some ideas we have about the things we can expect to happen in the marijuana in 2020.
In 2020, we can expect that the wave of legislation will spread farther into more states as a large number of states will pass laws to permit citizens to purchase, sell, grow and enjoy weed and its amazing benefits for medicinal and recreational purposes. Apart from offline retailers, people will turn more to online sellers like ItsPrimo that provide a one-stop destination to fulfill all the weed requirements.
We can assume that the market for cannabis products and weed accessories will continue exploding in 2020. You will see more and more products introduced for eating, vaping, ingesting, smoking and storing weed. Their quantity and popularity will increase like never before. While the market is already flooding with wide variety of products from brands of all categories, more normalization means people will see a continuous supply of products along with an increasing number of users willing to include weed into their lifestyle for recreational or medicinal use.
The effort made towards research on cannabis will increase in the next year and more interest will be seen in the weed components like THC, CBD and terpenes. We will see newer trends in the development of cannabis components. This will be followed by an effort made by pharmaceutical companies to make drugs out of cannabis for the treatment of various diseases and marijuana alternatives.
A highly beneficial aspect that we can look forward to in 2020 is the reduction in cannabis costs. Regardless of your choice of product, the rising popularity of marijuana has given rise to competition and reduced prices. Cannabis flower may drop to a great extent while tinctures and concentrates will be available in higher quality and their prices will get normalized.
While edibles are already so popular, something that will take off more in 2020 is cannabis beverages. There is a market for weed beverage companies but they have not yet gained much exposure and popularity. Already existing beverage giants will get into the thing and you can expect to get some exciting flavors to try.
This year, a few products had led the market while some others designed for newbies gained much popularity. Now that a large number of services, content creators and businesses are getting into the market, it will become easy to find out what brands and products are leading the industry and which ones have failed to make it up.
After the passing of the Farm Bill of 2018, an increased interest in the hemp production is seen across the world. We can expect to see an explosion in the popularity of cannabidiol derived from hemp and the FDA regulation will further shake up things.Read More
The legalization of cannabis has undoubtedly made the stock market wide open for investment. According to ArcView Market Research and BDS Analytics, global spending on cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 billion in 2017. With this, investors are not only expecting to make a huge windfall profit but also sustaining the same for a longer period. The cannabis stocks are transitioning from the first phase of the bull market to the second phase which implies that the investors need to change their portfolio strategy. With the legal cannabis “green rush” underway, here are some of the top marijuana stocks that one shouldn’t miss:
It is one of the world’s largest publicly traded cannabis companies. Canopy Growth Corp. through its subsidiaries is the licensed producer of medical cannabis in Canada. It sells medical cannabis under various brand names including Tweed, Bedrocan, and Mettrum. They now have the most progressive share of Canada’s medical cannabis market. The company is engaged with massive production and projects, including the export of cannabis to other countries which have legalized it.
Market cap: $14.731B
This is a yet another giant in the cannabis sector whose stock went through the roof in 2017 exploding once to 170 percent. It is the fastest growing medical cannabis company in North America and the second largest regulated producer in Canada. It acquired its rival MedReleaf in a $0.25 billion deal, touted as the largest cannabis deal in the world.
Market cap: $8.822B
Cronos Group is a Toronto-based cultivator of medical cannabis. In addition to Canada, Cronos also works as an international market to Germany, is building up a facility in Israel and has a license through a joint venture in Australia. While it does not have its presence in the United States due to uncertainty in regulations, this company will prove to be a good investment for many.
Market cap: $2.215B
AbbVie is a research-based pharmaceutical company but with a synthetic cannabis-based drug on the market. The FDA approved Marinol which helps alleviate nausea and vomiting in during chemotherapy, is a drug functioning under AbbVie. It emerged out of the long-established health care corporation Abbott Laboratories. The company’s products brought in total revenues of $28.2 billion in 2017.
Market cap: $139.707B
GW Pharmaceuticals is a British biopharmaceutical company known for its multiple sclerosis treatment product nabiximols which were the first natural cannabis plant derivative to gain market approval in any country. This is one of those companies which have achieved milestones for many “firsts” in products. It is listed on NASDAQ as an American Depository Receipt.
Market cap: $4.653B
Apart from following the companies individually to invest, one can also keep an eye on the “Marijuana Index” which is a series of equally-weighted stock indices that track the leading cannabis stocks in the US and Canada.
There are magic mushrooms which contain psilocybin, it is a hallucinogenic substance people ingest from. People who consumed tiny doses contrived more ideas on how to solve a task and “were more fluent, flexible and original in the possibilities they came up with”. You can purchase them from an online dispensary.Read More