Here are some facts about cannabis, cannabis use, cannabis legalization and cannabis upcoming future in the United States as of 2023:
Cannabis:
- Cannabis was the first online sale, conducted in the early 1970s between students at Stanford and MIT.
- Cannabis has hundreds of nicknames, such as “weed, pot, grass, herb, ganja, and Mary Jane”.
- Cannabis contains over 100 different cannabinoids, which are chemical compounds that interact with the body’s endocannabinoid system. The most well-known cannabinoids are THC and CBD, which have different effects on the brain and body.
- Cannabis potency, or the amount of THC in a product, is one of the main factors that consumers consider when purchasing cannabis. Modern-day cannabis is a lot stronger than it was decades ago, due to selective breeding and improved cultivation techniques.
Cannabis Use:
- Cannabis has many medical benefits, such as reducing chronic pain, nausea, seizures, and inflammation.
- Cannabis has also been used for spiritual, religious, and recreational purposes throughout history.
- Cannabis can be consumed in various ways, such as smoking, vaping, eating, drinking, or applying topically.
Cannabis Legalization:
- As of late 2023, marijuana is legal for recreational use in 24 states, three U.S. territories, and the District of Columbia in the United States. However, cannabis is still illegal under federal law on some states, which creates legal and regulatory challenges for the industry.
- Cannabis is widely supported by the American public, with 88% of adults saying that marijuana should be legal for medical or recreational use, according to a Pew Research Center survey in October 2022. Support for legalization varies by age, political party, and race and ethnicity.
Cannabis Upcoming:
- Cannabis is a booming industry, with an estimated market value of $29.32 billion in 2023 and a projected growth rate of 15.40% to reach $60.01 billion by 2028. The industry also contributes to the economy by creating jobs, generating tax revenue, and attracting investment.
- Cannabis is expected to see more policy changes and reforms in 2023, such as federal cannabis pardons, reclassification of cannabis on the Controlled Substances Act, and reintroduction of high-profile federal legislation, such as the Cannabis Opportunity Act, the MORE Act, and the SAFE Banking Act.
Cannabis in the U.S has seen significant changes. It’s now legal for recreational use in many states, but federal laws still pose challenges. Public support is strong, and the industry is booming. The future may bring policy changes and further growth.
