This article was excerpted from Investopedia, wrote by Nathan Reiff.
Cannabis industry is a big fast growing industry, In last few years, there are many country's legal cannabis. In 2020, there are some new states legal that, like New Jersey, Montana, Arizona and Mississippi. Which led a big markst and incresed funding, such as Nabis, which is a software-enabled cannabis distributor seeking to link farmers, manufacturers, brands, and vendors to improve the distribution process. Also led grow light became hot products in 2020.
With the continuing improvement in laws about cannabis, the industry has nowhere to go but up. Actually the US cannabis industry alone is expected to react $30 billon in market value annually by 2025, the global is $100 billion in 2026. But with any budding industry, there are always chanllenges to overcome.
An Ever-Changing Landscape
As the cannabis industry is growing and evolving, it has to keep adapting to an ever-changing landscape. Each country, state has it's own law on the legality, use, distribution and growth of cannabis.
Trying to start a cannabis-related business or to invest in cannabis-related businesss is a difficult task as no can sure how will it change in teh future.
The addciction industries - alcohol, tobacco - have been investing in the cannabis industry to a great extent, acquiring many firms, with the intent of selling cannabis.
In 2021, there seems to be a significant changes as more tobacco,m alcohol, and other companies look to claim a piece of cannabis cake. For investors, this likely means increased unpredicability and volatility. Cannabis industry is a difficult one to navigate for it's uncertain legality.
The U.S. Market
It's not easy to setting up a company selling cannabis in US. Companieds are forced to deal with myriad legal and financial barriers. US congress has lift banking restrictions on cannabis, meaning firms have little axxess to capital and have to rely on cash, which has limited the potential for expansion among US. With many companies having to seek out captail from Canada investors, as Canada has legalized cannabis and the industry is already finding a structure for itself with many companies operating.
The Bottom Line
Although the cannabis industry is growing and the use of drug is becoming more accepted in society, the industry will continue to face many challenges that will impede its growth and make it difficult for investors and businesses to operate successfully.
It's important for anyone involved in the cannabis industry to be sensitive to the changeing laws and put themselves in a position to easily adapt to them.
The cannabis industry is with many uncertain thing, but there is one certain things, led grow light for cannabis. No matter legal of illegal of cannabis, the led plant grow light is the growing hot products, improve plants growth. earlier go into this market, more money you will get. If you are interested in, please feel free to contact us. We AGLEX LED Grow Light has been a professional led grow light manufacturer for many years.
