11 cannabis Prediction for 2019
The best industry experts have looked closely and evaluated top 11 predictions for 2019. With the help of these predictions, it is quite clear what one should expect in the ever-growing cannabis world.
1: Cannabis can become highly mainstream
Most of the local community leaders, government officials and CEO’s are strongly supporting the mainstream media. Moreover, they are willing to continue the newer and emerging narrative with such an outlook that cannabis is would continue to stay and the people would keep purchasing the products.
2: Latin America is expected to make a big play
According to co-founder and CEO of MJFreeway, Jessica Billingsley said, "Colombia and Mexico are poised to establish their global dominance in short order, which leads to my prediction that cannabis will soon become a very valuable, sizeable addition to Colombia’s legal agricultural exports and local economy."
3: Big Pharma may unite with the CBD party
A senior research scientist, Dr. Jonathan Rothbard said, "While beverage and alcohol companies are joining the CBD bandwagon, it makes sense that big pharma will step in, too. Many pharmaceutical companies have identified small molecular weight and orally bioavailable agonists of cannabis. Of course, there will be a plethora of start-ups, but relatively few serious companies designing cannabis-derived drugs will make it far for the obvious reason that unlike "natural products", new pharmaceuticals will take an average of 10 years to develop.”
4: New Jersey is the next on the list to legalize recreational marijuana
According to the prediction made by Joe Lusardi, President, and CEO of Curaleaf, "New Jersey is most likely going to legalize adult-use cannabis, becoming the second state after Vermont to do so through legislative means, and the first state through legislative means to create a retail market for it."
That day is not too far when the New Jersey would pass the bill to legalize marijuana while considering it legal to possess a certain quantity of marijuana and consume.
5: Increasing demand for transparency
PAX CEO Bharat Vasan states that "millions of Americans and Canadians will try cannabis for the first time or returning after a decades-long hiatus. In both cases, they don't know what to expect, and frankly, the well-intended information provided on websites and in dispensaries doesn't go far enough. The next big hurdle for the industry is to provide our consumers with quality, transparency, and predictability in their sessions. Technology can help."
6: Expects more consolidation
EVP Agricultural Lighting at BIOS Lighting, Neil Yorio said, "As the industry matures, larger businesses are buying up smaller ones in order to increase operational efficiency and profitability. The evolution of the grower from the clandestine operations during prohibition to a legalized market today garners the influx of science and technology experienced growers from more traditional horticultural or farming backgrounds."
7: CBD can be easily available in the mainstream stores
According to Cynthia Salarizadeh, Managing Partner of KCSA Strategic Communications, "We will begin to see CBD-infused drinks become the norm at big box stores, and a rush of CBD infused topicals make their way onto the shelves of our familiar pharmacies and big brand name beauty counters.”
8: Edibles, vapes, and terpenes could be on the rise
Kevin Ahaesy, CEO of EcoCannabis, predicts "Vape pens and edible products will continue to rise in popularity, as flower sales decline. Terpenes will become increasingly important to those seeking specific effects from the plant. We will also see a sharp increase in senior consumers, with CBD products being the main driver for this increase."
9: California will get its act together
President of La Vida Verde, Bryce Berryessa predicts, "This is going to be the year of the legacy California cannabis brands/companies, as many have weathered the storm and tumult of adapting to regulations in 2018 and now with a clearer path forward will be able to refocus on continued growth and expansion into new markets."
10: New research on Cannabis
Nancy Whiteman, Founder, and CEO of Wana Brands, predicts, "As a result of a more open regulatory environment, we will also see increased research, which will drive innovation. The passage of the Farm Bill, which will open up the CBD market in 2019, will help accelerate research that will support cannabis overall. As we start to uncover the power of each specific cannabinoid, we will see more targeted treatment through very specific combinations of these cannabinoids.”
11: Intact financial support from banks
Taylor Blake, co-producer of The Emerald Cup predicts, “I predict in 2019 that we will see some sort of banking reform at the federal level for cannabis companies allowing licensed companies to acquire a bank account."