Is There Enough Weed For America’s Cannabis Obsession?

Have you consumed the cannabis plant, bought cannabis merchandise, or used a hemp product legally or illegally?

Today, most people are not going to admit to current or past use of an illegal drug, medical marijuana, or legal recreational use or share on social media purchases of cannabis merchandise, and most people get incredibly uncomfortable discussing the weed that has been growing wildly for thousands of years.  Don’t worry about telling a little ‘white lie’ now about your usage or purchases as soon, everyone’s past and current purchases will be the hottest topic at the local coffee shop.

Americans have become the trendsetters of the world and have created an appetite for quality in consumable health products.  We are obsessed with living longer and healthier and focusing on ‘having it all.’

Although there is not a lot of research that supports or denies the health benefits of cannabis, weed is on its way to being a worldwide fad that may become a part of everyday life for generations; it is especially trending high among Americans.  Coffee shop conversations will soon be about the thousands of cannabis products, which include:

  • Cannabis Infused Coffee and Tea
  • Cannabis Infused Muffins
  • CBD Products
  • Hemp Products: dresses, jewelry, lighting fixtures, and the latest wedding stationery
  • Hemp Oatmeal Raisin Cookies
  • Hemp Seed
  • Medical Marijuana
  • Marijuana Edibles
  • Vapes

What products will you consume or use? Hot cannabis coffee will create intense conversations. Is there enough cannabis to go around? What products are safe to buy?

Cannabis merchandise today is available 24/7 from global suppliers, and the future market environment will continue to grow and become extremely competitive.  Beware, there will be extreme marketing and pricing battles that will be overwhelming and will contain false claims of supply and quality to gain consumers’ purchasing power.

Will there be enough cannabis for future consumption?

Supply and Demand

Although parts of the cannabis industry had a great 2018 business year and the profits are promising for the 2019 business year, others are experiencing rough times. Today, Oregon has a six-year surplus of the product while Oklahoma has created the wild, wild, west business model for cannabis.  Both states will soon be burning weed, and some businesses will go bankrupt. However, I predict that the unfair business environments will eventually create inter-state commerce policies in the United States, and international trade agreements will be developed on a global scale.  Reforms will increase the number of cannabis farmers all over the world.  Some of the nations that are growing cannabis today include:

  • Afghanistan
  • America
  • Canada
  • China
  • Colombia
  • Mexico
  • South America
  • Thailand

Therefore, there will be no shortage of cannabis for consumers, legal or illegal.  But I predict that there may be a shortage of quality products and that synthetic products will enter the marketplace.

Quality

What do you know about cannabis product safety?

Fast-moving marketing campaigns will require people to focus on quality.  There are no global standards for consumers to follow, and I don’t foresee any safety regulations being developed in the near future.  Everyone is on their own to research and try to figure out the best products for use both internally and externally, as well as understand the quality of other items such as clothing and household goods.

I’ve already begun weekly coffee-shop conversations with friends and strangers on the topic because the market is expected to grow into a $146-billion industry by 2025.  It’s interesting to hear what others think.  Some have an evident distaste for everything, but most people want to hear more.  Are you interested?  My best tip today is to find experts and emerging experts to gain insight into the global industry for safety concerns both in the growing locations and the manufacturing processes.

Dr. Jacqueline B. Lang
Dr. Jacqueline B. Langhttps://www.drjacquelinelang.com/
Dr. Jacqueline Lang, MBA, MPA, MSED has 20+ years of leadership experience in a variety of industries (manufacturing, services, politics, and education). Her career has been within Fortune 50, 500, 1000 and private organizations across the U.S. and in higher education. As well as a U.S. Congressional Campaign Manager. Along with serving in the United States Army Reserves. She currently divides her time as a Business Professor & Small Business Owner in the Cannabis Industry. #Entrepreneurship - #e-commerce - #educator - #BoardMember.
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