The future looks pretty bright for the cannabis industry based on where the market has been heading in the past few years. The path to that future might be bumpy because of the government restrictions, but in general the trend is very positive.
It is predicted by the Wall Street crypto traders that the cannabis Industry will grow into a monstrous $75 billion industry by 2030. It might even be bigger than the wine and carbonated beverages industry. The industry is seen as a major breakthrough within the leisure and the pharmaceutical industry.
Cannabis is becoming so acceptable that even some colleges, like the University of California, Irvine, for example, are now offering full semester courses on cannabis and the business that surrounds it. Considering that higher learning actually has more to do with capitalizing on cannabis these days than actual consumption, cannabis education is on its way to becoming its own specialized sector.
Brewers, pharmaceuticals companies and even vegetable growers are making marijuana a part of their future plans. Many of them are just waiting for cannabis to be legalized at the national level in order to be safe. In fact, Johnson & Johnson, one of the largest drug companies in the world, is inching its way into medical marijuana.
Furthermore, the future of cannabis agriculture is expected to gravitate toward technology-based systems in the near future. Cannabis firms are expected to get onboard with innovations that take the labor work out of growing weed. This modernization will undoubtedly come in the form of “smart farms,” according to a report from the Economist.
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