5 Industries Changing Thanks to Cannabis

The cannabis industry is impacting the world by disrupting the tech, entertainment and healthcare industries which are undergoing major changes in 201...

The cannabis industry is creating a green rush after recreational marijuana passed in places like Massachusetts and California.

Talk surrounding the logistics of Cannabis legalization will be a popular topic in months and years to come. Thanks to advancements in science and medicine, marijuana isn’t as much of a taboo subject anymore.

In the 2016 United States election, nine states voted for judicial amendment for Cannabis. Five  out of nine states successfully voted for legalisation of recreational marijuana, whereas 3 states won the rights for medicinal marijuana. This is following suit from countries such as Canada or Mexico who plan to fully legalise the substance for their entire country. With this in mind, there are plenty of other variables to consider. One such variable is the economic standpoint marijuana brings.

With its legalisation, markets which were once unavailable now have a chance to thrive.

Here’s a list of 5 industries susceptible to change in terms with new Cannabis legislation:

 Agriculture

cannabis-industry-2

Marijuana plants are somewhat different from regular crops; the same principles apply. Only on a much larger scale. Produce, for many countries, is transported. However, Marijuana production would most likely be different. It doesn’t make sense to import cannabis when there are many ‘farmers’ willing to pick up the work. This is a boost in economy for those wanting to capitalize on the agricultural production of Cannabis. These ‘legal growers’ already make a killing selling Marijuana to legal dispensaries. According to Marijuana Business News, one can make a 100,000 dollar profit per year off a ten by ten foot room. So imagine the yield one could create in a conservatory.

Entrepreneurship

The marijuana industry, when legalized, will dominate the consumer goods industry just like alcohol and tobacco does. Which means its capitalisation will be quite profitable. Just as an agricultural sector is needed for cannabis production so is the business sector.

“The greatest opportunity for normalization of cannabis consumption is to raise the standard of branding, marketing, and communications in the cannabis industry,” Krista Whitley said in Entrepreneur Magazine.

Major marijuana distributors already exist and have proven going public and selling their stocks is not only possible but very profitable, as well. All the same, companies such as GW Pharmaceuticals, Canopy Growth, and Insys Therapeutics are worth millions if not billions in stocks.

This is sure to lure other investors eager to flip a coin once the market becomes more well known.

Business

Small businesses, such as dispensaries, are also probable market ventures once Marijuana is legal. The legal cannabis industry has become more popular and access has become easier that ever before in the plant’s long history.  It is reasonable to assume dispensaries will be just as profitable, if not more, as its alcoholic counterpart.

cannabis-industry-3

Medical

New studies comes out everyday regarding Marijuana, its effects, and it if can be an effective replacement for certain pharmaceutical medications. Many doctors are coming on board despite the media’s implications to destroy the Cannabis communities reputation.  Nonetheless, the new age of medical Marijuana will change the medical field. In addition, certain medicines such as CBD oils, will be available for sale.

Entertainment

cannabis-industry-4

This may seem like an unlikely industry to be affected by Marijuana’s legalisation.However, Hollywood finds a way to capitalise on anything. Not to mention it’s location is in sunny Los Angeles aka America’s Marijuana capital. Don’t believe us? Just take a look at shows such as MTV’s Mary + Jane, HBO’s High Maintenance, and NBC’s soon-to-be reality show Buds – all examples of Hollywood’s capitalisation on ‘stoner culture’. Not that we’re complaining if we get a few laughs!

Comments for 5 Industries Changing Thanks to Cannabis

UP NEXT

img

Why You Should Use Cannabis Topicals in Your Daily Routine

Cannabis topicals are hot right now. They have all the benefits of cannabis, but none of the side effects. Consider adding them to your daily routine!
img

Israel looks to leverage tech in $50 billion medical marijuana market

The global market for medical marijuana could reach $50 billion by 2025, now the Israeli government is set to allow the local industry to start exporting
img

Here’s Why You Should Smoke Marijuana Before Working Out

Marijuana improves your exercise experience by helping you focus and boosting your mood. Here's why smoking and working out is a great idea.
img

What is Hemp Anyway?

Are you confused what the difference between hemp and marijuana is? No worries, we got it all explained in this article about what is hemp.
img

The Basics Of Integrated Pest Management For Cannabis Growers

Anyone that grows cannabis knows how frustrating it can be with cannabis pests, and how hard it is to get rid of but we got the solution.
img

Understanding The Basics of Cannabis Grow Mediums

Thousands of cannabis grow mediums are sold out in the stores and online today, and knowing which one to choose easily becomes overwhelming.
img

Treating Kids with Cannabis

Treating kids with cannabis has been a long controversial debate for a while now, we looked deeper into it and all its many benefits.
img

Unpacking Weed’s Effect On Memory

Have you ever wondered about weed's effect on memory loss? Here's how it affects our memory and how it can help Alzheimer's patients.
img

A Quick Guide to Weed-Friendly Hotels

As cannabis tourism grows, we’re starting to see the emergence of weed-friendly hotels. Here's what you need to know about cannabis-friendly hotels.
img

Most Potent Pot: Why is Cannabis so Much Stronger Now?

Our cannabis is twenty times stronger than it was fourty years ago. So why is it so much stronger now? How did we end up with such potent pot?
img

5 Best Strains for First Timers

Got a friend who you want to introduce to cannabis, but don't know where to start? Make sure they try some of these strains perfect for first timers.
img

The Rise of Women in Cannabis

The marijuana industry has been ruled by majority men in the past but things are changing as women in cannabis are taking the industry by storm.
img

Could Cannabis Become the Next Food Pairing Phenomenon?

Cannabis food pairings are the newest trend worth exploring. Both go so well together anyway, so why not heighten each meal with complementing flavors?
img

Kids and Cannabis: How to talk to your Kids about Cannabis

Have you talked to your kids about cannabis? It can be really tough. We have some tips and tricks on how to make the talk a little bit easier.
img

10 Home Remedies for Arthritis and Joint Pain

Looking for home remedies for arthritis and joint pain? We have the scoop for you. These remedies are all natural and organic.

Connect with Society Kush

Get some dope in your inbox. Sign up for our Newsletter!