4 minute read
Cannabis is Global.
CANNABIS IS SPREADING ACROSS THE GLOBE.
Cannabis is spreading across the globe. Currently , the driving force behind the growth and demand of cannabis is money. Money is the driving force pushing cannabis legalization in the US today. According to BDSA, legal cannabis sales are estimated to reach $30 billion in the United States in 2022. Sales of recreational cannabis continue to climb and reach $47 billion by the year
2026. According to Leaf Magazine, $130 billion in global cannabis sales are estimated by the year 2025. Corporations are pouring more money into research and development. The top leader in research today is not the US or Canada, it's Israel. Israel has become the number one leader in cannabis research and is ready to join the international market, when there is an international market.
Corporations have built up their war chests and are driving the push to legalization. Just recently, Amazon put their name into the ring by supporting cannabis legislation. It is all about money and creating a commodity in the US and in the world markets.
“Money is numbers and numbers never end. If it takes money to be happy, your search for happiness will never end.” (“Quote by Bob Marley: “Money is numbers and numbers never ...”) —
Cannabis is big business. Research and Development is happening around the world. Germany, UK,
Canada, US, and the leader in all of this as previously stated is Israel.
According to ILAN BEN ZION
Associated Press, courtesy of ABC News, the Bitton company in Israel has built a production facility that is ready to lab test and process eighty tons of cannabis. To date this facility has only processed six tons. Currently, there is not enough cannabis in Israel to meet the needs of its citizens, so the country imports a significant amount of its cannabis from the Tilray company in Canada.
What is stopping countries like Israel and the United States from increasing supply and demand in the domestic markets? Legalization. If the United
significantly help to open trade. If the United Nations legalized cannabis, it would open world trade. Cannabis would then become a commodity on the world markets.
Corporations would be able to service global markets and use existing logistic channels and partners to produce and deliver. Cannabis would be everywhere. Imagine you are at an international airport, and you are browsing through the duty-free shops and there it is the Cannabis Store. Nirvana at last! Assorted brands of cannabis from around the world are all at your fingertips and duty-free!
What happens to the quality and integrity of cannabis when it is a commercial product? Will it be distilled, modified, preserved and USDA approved? Will it still even be cannabis? Furthermore, what happens to the cannabis farmers, co-ops, and such who produce cannabis on a smaller scale? Do craft farmers get purchased or worse be forced to close their doors due to the inability to turn a profit? What role will they play in a commercialized market?
So yes, cannabis is global, and it has been for hundreds of years as a medicine, a food source, oil for heat, and fiber to make clothes and in rituals. Today the value of cannabis is on its ROI (Return on Investment). One day when markets have been oversaturated with cannabis products, the price will drop, and the market will plateau. This could be the rise of the craft farmer, but can they last that long? Remember to support your local cannabis growers!