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.
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.
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.
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.
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.