Vermont Governor Rejects Marijuana Bill, Wants Changes Marijuana App ‘WeGrow’ Wants To Bring Flower To The People States move fast to protect marijuana industry American Legion to Trump: Allow cannabis research for vets Washington law paves way for organic marijuana market Oregon Economic Forecast Includes Marijuana For The First Time No sanctuary for cannabis in California New Jersey mom turns marijuana into money Women have lead role in new marijuana businesses in Washington State Want to be a budtender? Here’s How. Marijuana May Boost, Rather Than Dull, the Elderly Brain Trump Rejects Congress as He Signals Medical Marijuana Fight The Cannabis Industry Is Getting Super-Sized 87% Of Players Say NFL Should Allow Medical Marijuana Access Pot brownies could lose potency under proposed California rules Cannabis Prices Get Higher After Recovering From 2016 Bust Study proves the importance of using Medical Cannabis The Trump crackdown on legal marijuana might not happen Varying marijuana laws pose questions for air travelers Marijuana – Miracle treatment for children with autism Marijuana workers get the California seal of approval Is Legal Marijuana the Last Bipartisan Cause in America? Marijuana activists vow to smoke and get arrested on steps of U.S. Capitol Most Americans Support Pro Athletes Using Marijuana for Pain Relief California Cannabis Is Going Industrial Trump’s drug czar pick has strong “no” vote record on marijuana Billions In Marijuana Taxes Are Addictive To State Governors The Holy Land of Medical Marijuana Oregon lawmakers vote to block cannabis users’ info from feds Marijuana legalization grows closer with Senate tax proposal Jerry Jones’s marijuana proposal could save NFL players’ lives The problem with America’s marijuana DUI laws John Oliver – Update Federal Marijuana Laws The way people buy legal marijuana will change in 2019 DOJ Wants Information On Colorado Marijuana Cases Oregon lawmakers introduce laws to protect legal recreational marijuana Public support for legal marijuana surged in 2016 Federal Marijuana Hostility Wrong Addiction Specialists Ponder a Potential Aid: Marijuana Dozens of industries could see a boost from legal marijuana Oregon May Declare Emergency Over Jeff Sessions’ Marijuana Threats Maximizing the Medical Effects of Marijuana Marijuana Legalization Opponents Were Wrong Oxford University announces new £10m medical marijuana research program Pro-marijuana church in Alabama: Members tout ‘God and cannabis’ Every State Could Legalize Marijuana by 2021- The Motley Fool 25% of US beer drinkers have switched to marijuana or would if it was legal Colorado Rep. Jared Polis has a plan to keep marijuana safe from Sessions Good science on marijuana is hard to find Jeff Sessions: Marijuana Is “Only Slightly Less Awful” Than Heroin Federal Marijuana Crimes Drop For Fifth Consecutive Year Jeff Sessions Will Enforce Federal Marijuana Laws In An ‘Appropriate Way’ Beer Industry Could Lose $2 Billion From Legal Marijuana Pot for pets: Owners treat sick animals with marijuana Marijuana Legalization Hasn’t Increased Traffic Fatalities Don’t let Big Marijuana prioritize profits over public safety The future of recreational marijuana in Trump’s America Idaho customers breathe life into tiny Oregon marijuana town Elizabeth Warren to Jeff Sessions “Respect state marijuana law” Doctors warn against teen pot use as marijuana laws loosen Will Edible And Concentrate Marijuana Brands Get As Big As Budweiser? Marijuana Industry To Create More Jobs Than Manufacturing By 2020 California Marijuana Is Not Safe to Smoke California marijuana tax and tracking systems behind schedule Republican Introduces “The Respect State Marijuana Laws Act” Why the Legal Marijuana Industry Is Suddenly Worried Military Veterans With PTSD Begin Marijuana Clinical Trials Marijuana Drug Could Extend Lives of Brain Cancer Patients, Study Finds Contaminated Medical Marijuana Believed To Have Killed California Cancer Patient Marijuana lobby goes mainstream Marijuana Prices Fall As Growers Flood The Market With Pot Scientists to Government: Make It Easier to Investigate Marijuana Likely scenarios for marijuana under Jeff Sessions as attorney general Six Predictions For The Marijuana Industry In 2017 Study finds traffic fatalities decline with medical marijuana laws This Company Is Using Brain Scans To Help You Select Medical Marijuana DEA dismissed its own misconceptions about marijuana Duke University Uses Identical Twins to Prove Weed Doesn’t Make Kids Dumb Marijuana industry brought to a standstill by pesticide testing problems Massachusetts Marijuana – Now What? Trump’s Attorney General Is a Bad Scenario for the Marijuana Industry Pharma executive behind OxyContin sells medical marijuana Marijuana Plants Flourish Under Energy-Saving LED Lights Legal Marijuana Could Drive A New Tech Boom California marijuana would fail Oregon’s standards, study finds When Medical Marijuana Is the Doctor’s Orders, Will Insurers Pay? Marijuana Sales Spike at Thanksgiving Legal marijuana users can’t legally buy a gun Maine marijuana legalization nears recount California marijuana industry is a ‘$25 billion opportunity’ NFL Players Searching For Painkiller Choices Hope For New Marijuana Rules Test for marijuana impairment? A UMass prof has an app for that States Offer Legal Marijuana – Investors And Marketers Line Up Washington Marijuana Outsells Liquor Colorado’s paradox: Recreational marijuana is legal, but it’s tough to use Attorney General Selection Signals Hazy Future for Marijuana Legalization Marijuana: Will it soon be bigger than the NFL? Will Legal Marijuana Lead To More People Smoking Tobacco? A legal snafu made medical marijuana tax-free in California for 2017 Advocates Wait for Trump’s Stance on Legal Marijuana

Six Predictions For The Marijuana Industry In 2017

marijuana industry

marijuana industry

This year saw big election wins for the marijuana industry in several states. In addition, Colorado crossed the $1 billion mark for annual marijuana sales. Now a new year is almost here and a new presidential administration for the marijuana industry to navigate. It’s time to look ahead and see what’s in store for the cannabis industry in 2017.

The two biggest areas of focus for the upcoming year are California and Jeff Sessions. With California’s recreational marijuana market in the building phase, many in the industry will be watching for progress throughout the year. Another big center of attention will be the appointment of Jeff Sessions as U.S. Attorney General. This will keep the industry on heightened alert for any changes in law enforcement.  Aside from those two topics, here are some of the industry’s biggest predictions for the 2017.

  1. Los Angeles Will Become The Marijuana Capital
 Move over Denver, Adam Bierman Chief Executive Officer of cannabis investment firm MedMen Capital believes that the City of Angels will steal the spotlight from the Mile High City. Bierman said that by some estimates, Los Angeles’s medical marijuana market alone is already close to $1 billion, easily overshadowing Colorado’s entire market. The city is expected to pass an ordinance in 2017 that will clear the path for a proper licensing program and open up the recreational market. Bierman said that capital is flowing into the area for local ventures as investors begin to smell money in the emerging market.
  1. A Sports League Will Green Light Marijuana
  2. Bierman believes that in 2017 a major sports league will approve the use of cannabis for medical purposes. Many professional athletes have turned to using cannabis to treat pain and head injuries and are rejecting prescribed opiates. With medical marijuana legal in 29 states, the players are pushing to be treated just like other patients.
    1. A Primetime Network Show With A Marijuana Theme

    With many polls showing that most Americans approve of legalizing marijuana, it won’t be long before a major network will use the marijuana industry as a backdrop. It’s been over a decade since Showtime had a hit with Weeds. That series focused on a suburban mom that sold pot to make ends meet. It was considered ground breaking at the time with its taboo topic. Now HBO has High Maintenance and MTV’s got Mary Jane. Adam Scott from Parks and Recreation got a green light from NBC to develop a show called Buds about a dispensary in Denver. There isn’t any timeline yet as to when the comedy could hit the air waves.

    1. An Increase In Interest For Synthetic CBD

    With the Hemp Industries Association and the DEA battling over the legality of cannabis extracts like cannabinoids or CBD, there is an expectation for increased interest in synthetic cannabinoids. Seth Yakatan, the chief executive officer of biotech company Kalytera, said, “With AG Sessions and the DEA’s clarification that plant derived CBD isn’t legal federally, there will likely be interest in synthetic forms of CBD, which is what Kalytera has been testing the efficacy of for a few years.” Aside from the debate over whether CBD is legal or not, Yakatan is right that synthetic products do not have the legal limitations of other products. However, the synthetic products are not believed to be as effective as the natural products according to some patients. Fear over legal issues could create more demand for the synthetics.

    1. The Growth of Craft Marijuana

    Sasha Kadey, Chief Marketing Officer of vaporizer distributor Greenlane, said he expects that as market supplies grow, prices will fall, causing a commoditizing effect. “This is leading to premiumization,” he said. “Much like the alcohol industry experienced during its maturation, with producers now seeking to differentiate with premium packaging, brand building, so called “seed to sale” storytelling, and other value adds.” Other growers will stress their organic features, while some will push celebrity endorsements. It will be the year of the craft bud.

    6. Recycling Marijuana Failures

    The Cannabis Business Alliance is hoping to work with lawmakers to create options for marijuana that fails pesticide testing. Currently marijuana producers have to destroy crops that fail testing. The CBA is working towards a new rule to allow for these harvests to be turned into solvent-based concentrates that would be considered safe.

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