Cannabis Trends to Watch in 2019 - CannabisFN
The following post was originally published by MAZAKALI.
2019 is poised to be a monumental year for the cannabis plant. The recent passage of the Farm Bill as well as sweeping changes across the most populated countries on earth are but two of the many reasons for this optimism. This comes off the heels of big change in 2018, when adult-use was implemented in the largest global consumer market (California) as well as the largest global capital market (Canada). We are well on our way to full federal legalization and continue to expect a nationwide resolution to the state-federal conflict by 2021.
In Cannabis 2018: Five Things To Watch, we anticipated moves towards banking and tax resolution, Canadian investment by big liquor and tobacco, a swing in the Midterm elections and volatility in California cannabis pricing. For 2019, we are pleased to see a legitimate pathway towards banking and tax resolution along with a move towards normalization in Canadian markets. Pricing continues to exhibit wide spreads, a trend we expect to continue and perhaps even intensify. Additionally, our hemp industry will receive a dual octane boost from CBD making its 2019 debut in drug and grocery stores as well as from the December 20th, 2018 passage of the Farm Bill. Lastly, a movement not to be missed includes one that affects nearly three billion humans.Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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