WeedLex
Dec 30, 2016 12:15 PM

What Is Going to Happen to Cannabis Industry: 4 Predictions for 2017

The year of 2016 brought a lot of changes to the cannabis industry: from impressive new discoveries of marijuana's medicinal potential and properties to the long-awaited legalization of marijuana in California, Massachusetts, Maine, and Nevada. But what should we expect next? We at WeedLex have some guesses on this matter.

A new center of the industry

Before recreational weed was legalized in California, the title of the cannabis industry capital belonged to Denver. But it may change soon, considering the fact that California has the second biggest marijuana market even without selling recreational weed. For example, in 2015, California medical marijuana sales reached as much as $813.8 million. In Colorado, on the hand, legal marijuana sales topped $1 billion this year but this number includes both medical and recreational weed sales.

So, when the first recreational marijuana stores open in the Golden State, Colorado will no longer be the center of the marijuana industry. And Los Angeles will most likely be called the new capital of the weed industry.

California Launches Revolutionary Cannabis Certification Program
California Launches Revolutionary Cannabis Certification Program
Today, a budtender's recommendation can sometimes be the only guidance for a medical cannabis patient. But luckily, the situation is going to change.

More research on synthetic CBD

The recent DEA's statement about marijuana and hemp-derived extracts' illegality may cause a lot of problems to both scientists and medical cannabis patients. And while the lawmakers and medical cannabis activists are looking for a solution, the scientists may shift their focus towards studying synthetic cannabinoids. In contrast to their natural analogs, the synthetic forms of CBD are not considered Schedule I substances.

The only problem here is that synthetic forms of cannabinoids are believed to be less effective than the plant-derived extracts. Therefore, the scientists will need to find a solution that will be able to replace CBD oils without breaking the federal law.

DEA Says CBD Oil Is Schedule I Substance. What's Next?
DEA Says CBD Oil Is Schedule I Substance. What's Next?
Last week, DEA released a Federal Register that included, among other things, a new Administration Controlled Substances Code Number for what they call ‘‘marihuana extract.’’ According to DEA, the main reason for inventing the new code was to make it easier for the agency to track this type of substances, alongside with “marihuana” and “tetrahydrocannabinols.”

Recycling of weed with pesticides

Currently, all the marijuana crops that failed pesticide testing are supposed to be destroyed. But the Cannabis Business Alliance wants to change that. With the help of lawmakers, the CBA hopes to change the current rules and recycle these harvests. People in the CBA believe that even if a crop failed pesticide testing, it may still be used to produce safe solvent-based concentrates.

10 Ways Hemp Can Improve Our Life in This World
10 Ways Hemp Can Improve Our Life in This World
There are so many articles about the benefits of medical marijuana nowadays that it is easy to forget about another way cannabis can significantly improve our lives. We are talking about hemp, a crop that provides us with all kinds of things, from plastic to ecosystem protectors.

Legal medical cannabis for athletes

With more and more sports professionals admitting they were using marijuana for medical purposes, and studies showing that medical cannabis is safer than the traditional opioid medications, the major sports leagues may finally allow their athletes to use medical weed. Not to mention the fact that medical marijuana is legal in 29 states across the country.

NFL Player Henderson Treats Crohn’s Disease With Weed and May Press League Over Marijuana Policy
NFL Player Henderson Treats Crohn’s Disease With Weed and May Press League Over Marijuana Policy
The famous offensive lineman for the world-known Buffalo Bills, Seantrel Henderson, is suspended for the second time this season for violating the rules of NFL on drug use. However, Henderson’s case is not a common matter as it concerns the questions of the approach to dealing with pain and the rapidly changing attitudes toward marijuana legalization.

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