27 Feb A Fast Forward of the Cannabis Industry to 2025
At a time when other business industries are looking up to economic trends; oil and gold prices and the US dollar, while trying to figure out the trends and forecasts for their businesses, the rise of a new industry is happening in tandem. It is untapped, it is sustainable, and it is independent of the effects and influence of the factors such as oil, dollar, and other economic catalysts.
The revolution that rose in Colorado back in 2014 with the legalization of marijuana has expanded by leaps and bounds, while having medicinal-cannabis legalized in 20 states already. The momentum of legalization, acceptance, and public awareness is a clear indicator that the cannabis industry is likely to seek accelerated growth in the next couple of years.It was back in January 2014 when recreational marijuana was legalized in Colorado that I made a predictive analysis and forecast about the future of the industry, which led me to found a digital media company called Cashinbis™ in April 11, 2014, where I interviewed publicly-traded company CEOs and investors in the cannabis sector to get their insight of the market.
Call it my intellect, intuition, or foresightedness that I realized all that hype and mayhem at the legalization of marijuana was just a start, and that this revolution was not ending anytime soon. I did my research and figured out the brisk effervescence of untapped potential that was bubbling from within the industry and mentioned it in my blog site.
Today, the statistics presented in New Frontier Data’s research on the cannabis industry validates the forecast that I made in my blog 3 years ago. According to New Frontier Data’s research:
- California, Washington, Colorado, Oregon, Michigan, and Arizona stand among the most thriving markets for cannabis industry with record annual sales in 2016.
- California tops the chart with the highest annual sales of cannabis in 2016, estimating around $2,692,065,315, followed by Washington with $1,431,339,093 and Colorado with $1,338,849,929 sales.
- By 2020, the states of Florida and Massachusetts will also plunge into the pool and will their way to the top 10 markets with a projected sales of $1,015,456,862 and $726,743,500 respectively.
- By 2025, the states of Ohio and Pennsylvania are likely to venture into the industry and will make it to the top of the sales charts with a projected growth of $1,346,915,390 and $1,245,908,958 respectively.
- By 2025, California where the legal revolution initiated and accelerated is expected to reach a record annual sales margin of $6,594,701,350.
The future of the retail cannabis market in 2025
Large apparel companies are recruiting CMOs and branding consultants from existing marijuana related establishments to assist them with restructuring their marketing strategy.
While many traditional large company CEOs or executives do not consume cannabis, they are seeking cannabis culture icons with large social followings to be their in-house consultants. Many 420 customers will only do business with marijuana advocates due to the fact that they’re aligned consciously and spiritually. They can see afar when a big brother corporation is just in the industry to profit from their community – and that’s usually a path to failure when diving into the cannabis market.
Many giant apparel companies like Nike, Hurley, H&M, Gap, and Adidas are acquiring marijuana related clothing brands to infiltrate the cannabis culture market.
The green manufacturing industry in 2025
Many big brother manufacturing companies are recruiting agricultural chemists because the industrial made products and merchandises are becoming a thing of the past. Many are moving towards bio-sustainable sources and agricultural made raw materials such as hemp.
Quite hard to believe, right? Well, that was a clear sign that ‘green’ was the uprising new gold.
The birth of life science communication in 2025
Big brother communication moguls are scouting for biotechnology scientists to create a communication system made from agricultural atoms, cutting edge biotechnology cells, scientific organic forms, in-house growing devices, etc. Secret ‘green’ societies and communities will have an underground messaging system where they’re the only ones that can communicate amongst each other from the type of agriculture they seed.
Since government agencies are limiting the internet communication capabilities between communities and the population, agricultural engineers are collaborating with technology magnates to build a new source of communication through life sciences.
Agricultural engineers have become the new Mark Zuckerberg, Bill Gates, and Steve Jobs in this lifetime.
My prediction of the cannabis industry in 2025
It is significant to note that the profit that the industry has to offer is not merely confined to the cannabis entrepreneurs, botanist, scientists, farmers, or procurement and supply chain intermediaries. The ‘green’ revolution that incepted from Colorado and California has bloomed exponentially in the United States.
Initially, it was only California that realized the potential of the cannabis industry for the benefit of the state economy and imposed a statewide ban on the use of consumable plastic goods. However, other states too have followed suit, and are aiming to reap benefits through taxes, from the sales of hemp and cannabis.
California has become the center of gravity for the cannabis industry and has opened doors for its growth and development, not just within the United States, but globally.
About the Author: Carlo Desierto is a serial entrepreneur with over a decade of experience in business startups. He has founded, built intrinsic value, and sold several companies in which he sits as an adviser for the Board of Directors. Carlo has interviewed over 200+ entrepreneurs and published mini-biographies for new digital media channels relating to entrepreneurship, health, self-help, futurology, and the green industry.