The greatest innovation ever –
Nothing on Earth today (and I don’t mean at all), not smartphones, automotive, aviation, real estate, gold, oil, software, biotechnology, nothing … is growing as fast as the legal marijuana market.
Consider this: by 2020, the legal marijuana market will reach $ 22.8 billion (not a million, but a billion from B). Marijuana growth is projected to be $ 100 billion in 2016-2029 – 1.308% growth.
Estimates put the number of people who have been using marijuana over a period of time to be around 50 million people. As many as 7.6 million rest every day. Of the 83.3 million millennials, 68% want marijuana to be legal and available. When legalization takes place everywhere, dozens of existing companies – in the tobacco industry … in agriculture and irrigation … in pharmaceuticals – will want to jump into action without hesitation. And if you want more evidence that marijuana is becoming mainstream, consider this …
On November 8, tens of millions of Americans in nine states went to the polls and voted on the future of marijuana. California, Massachusetts, Maine, and Nevada voted to legalize recreational marijuana use. And voters in Arkansas, Florida, North Dakota and Montana have voted through initiatives to legalize medical marijuana. Only Arizona, where recreational marijuana was put to the vote, has voted against legalization. Together, these states (except Arizona) together account for 75 million people. This means that one in five Americans – 20% of us – woke up on August 9 and found medical and / or recreational marijuana legal for adults 21 and older.
Even Hollywood stars are starting to act. Many people already know about the business activities of Snoop Dog, country music legend Willie Nelson, and actor and comedian Tommy Chong. Fewer know that Grammy Award-winning singer Melissa Etheridge is developing her own line of cannabis wine, and TV show host Whoopi Goldberg is launching a line of medical marijuana products aimed at women. And people listen to Hollywood icons. Nothing is more popular than a TV series.
On July 13, 2016, Variety revealed that Netflix plans to air sitcoms set in a legitimate pharmacy. The show called DisJointed is the brainchild of TV genius Chuck Lorre, creator of such mainstream hits as The Big Bang Theory and Two and a Half. A recent poll by Quinnipiac University found that 89 percent of US voters believe adults should be legally allowed access to medical marijuana once a doctor prescribes it. And the United States is not the only country that can loosen the reins of marijuana. Israel, Canada, Spain, Mexico, Australia, Uruguay, Jamaica, Germany, and Colombia have legalized or decriminalized possession.
Since 1972, marijuana has been classified as a Schedule 1 controlled substance. Schedule 1 drugs are those that have no medical use and have a high potential for abuse. As a Schedule 1 drug, marijuana is grouped alongside heroin, LSD, and ecstasy. But in the face of increasing pressure from doctors, medical researchers, state governments and Congress, the DEA has come under pressure to switch marijuana to a Schedule II or even Schedule III drug.
According to the US Census Bureau, by 2030 one-fifth of the population – 72 million Americans – will be 65 or older. All of these baby boomers will face a host of age-related ailments such as glaucoma, cancer, arthritis, and back pain. It just so happens that cannabis-based remedies are exceptionally suitable for treating these diseases. As the elderly population grows, so too will the medical marijuana market. Public acceptance of marijuana will also increase as millions of people discover the benefits of medical marijuana for themselves.
A single marijuana pharmacy could bring in over $ 676 million a year. Not all money comes from the herb itself. Most people have heard of things like “pot cookies.” But the market for “edible” marijuana goes beyond that. There are weed desserts and weed energy drinks. In fact, it will even soon open the world’s first weed distillery.
For those reluctant to inhale smoke, there are sites offering THC capsules, lip balms, hash bath oils, topical formulations and even THC patches that provide “accurate dosing … quick onset and unmatched duration.” Thirsty users can enjoy coffee, soda and sparkling water with THC. In addition to the boom in the recreational marijuana market, medicinal marijuana and its derivatives are also booming, and for good reason.
Cancer patients undergoing chemotherapy and radiation therapy tend to lose their appetite and have a sensitive stomach. But if they don’t eat, the treatments aren’t as effective. Cannabis has been proven to stimulate the appetite and calm the stomach. New work is also underway with hemp oil that promises to treat epilepsy, multiple sclerosis, certain cancers, and even rheumatoid arthritis. The oil is also effective against insomnia.
For much of the 20th century, doctors knew little about the workings of the most important organ, the human brain. Brain cells dictate almost one of our sensations, thoughts, and actions by sending out signals that trigger our appetite and hunger. Marijuana seems to fill this gap. Post-take-off voters quickly agree that cannabis is actually the medicine. Momentum only goes in one direction.