With business booming in the cannabis industry, it is no wonder why so many people want a piece of the pie. There is potential to make huge profits as each different sector continues to grow and expand over time.
Over half of the United States has already legalized cannabis in some form or another. While many states have only legalized cannabis for medical purposes, there is beginning to be a gradual shift toward a more inclusive approach to its uses.
In 2016, marijuana sales in North America grew by an incredible 30 percent, and sales are projected to reach $20.2 billion by 2021. Because this industry is so new and growing by the minute, there are many gaps to be filled by those willing to think with innovative solutions. The uniqueness of this business is presenting entrepreneurs with a once-in-a-lifetime opportunity that is near impossible to turn down.
All things considered, the challenge of getting started in the cannabis industry is not an easy feat. With the abundance of laws, regulations and taxes that have been put in place, there are endless obstacles and roadblocks to conquer along the way. Below we have gathered some insightful information on where the cannabis industry is going in 2021.
New Year
In 2020, Arizona, Montana, New Jersey and South Dakota—legalized adult-use in the general election, potentially setting the bar for more states to legalize in 2021. There is strong evidence that this momentum will influence more states to come online in 2021. Here’s a look at potential states that could join us in the coming year.
- Connecticut
- New Mexico
- New York
- Pennsylvania
- Rhode Island
- Texas
- Virgina
Marijuana in Maryland
The Maryland Medical Cannabis Commission was taken back in 2018 when over 1,200 patients inquired per day, on top of 300 applicants applying for their medical marijuana card. The state is focusing on combing through common issues and problems as the industry continues to flourish. Growers have no option but to expand to continue to meet demand for patient’s needs.
Mary and Main is more than grateful to be a part of the medical marijuana community, offering patients an alternative to opiates and addiction. As our medical marijuana dispensary celebrates our two year anniversary, we are also reflecting on how Maryland has grown in the industry. With over 70,000 patients in Maryland, making up more than 1% of the state, it’s no wonder Maryland growers need to increase flower production to meet demands.
The recent pivot in favor of decriminalization and medical cannabis legalization indicates that our nation recognizes that a tough-on-crime approach to drugs is no longer politically acceptable to voters and signals that further evolution in cannabis is possible.
Mary and Main offer the best products alongside exceptional customer service. Our qualified professionals will work with you to help decide how to treat the challenges you face while offering education and solutions specific to your needs. We are here to help you. Call us today 240-838-3660.
