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Future Of Cannabis Industry – Buying And Selling Online

Cannabis, a herb, generally known as marijuana or pot, is a psychoactive drug obtained from the Cannabis plant has its uses for medical or recreational purpose. The herb has its worldwide users around 180 million in US itself. In 2015, 43% of Americans have had ever used cannabis, which increased to 51% in 2016.

Support for legalization has stormed in the United States and several U.S. states have legalized marijuana for recreational or medical applications. The industry is currently at the verge of expansion and can experience a sudden explosion in terms of users in coming time.

The first take-away is that all the stewing about the impact on children and teens is largely unwarranted.

Before legalization, 17% of 10th standard students in District of Columbia said they had smoked marijuana in the preceding month. Four years of legal doobies later, same per cent of 10th standard students say they have smoked pot in the preceding month. There was an expectation of witnessing a significant hike in teen use but in general they don’t need a legalization to get their hands on doobies.

“The biggest killer on this planet is stress and I believe that the best medicine is and always has been Cannabis” Willie Nelson

In Washington State, cannabis’ selling price starts from about US$7 a gram and up (the same or lower than the street price, especially when stores stage promotions such as $2 Tuesdays). Only 60 per cent of sales are dried cannabis and oil, 26 per cent of sales are extracts for inhaling and vaping, most of the balance is edibles. Washington State levies a 37-per-cent excise tax on all cannabis-related products, plus retail sales taxes that vary locally as per the state concerned. Excise tax is charged on both recreational and medical cannabis, which are sold side-by-side in retail outlets.

In US itself 9 states and District of Columbia now gave green signal for recreational cannabis use and 30 allow for medical use.And more states are lining up to join the legalization wave. Though at the federal level, the hemp has not got green signal yet there are 9,397 active licenses for marijuana businesses in the U.S.This includes cultivators, manufacturers, retailers, dispensaries, distributors, deliverers and test labs.

The fastest growing business remains on shaky footing because of its dubious legal status, and the country’s apex law enforcement official recently injected a healthy dose of risk into recreational programs in Maine, Colorado, Washington, Oregon, Nevada, Massachusetts, Vermont, California and Alaska.

The emancipation of weeds’ sale in retail for medical and recreational purposes tentatively attract a whopping business of $9.7 billion, sources said. The hot market, according to analyst, may hit $24 billion in sales by 2021 even under the blanket of prohibition by federal government.

The onus of supplying cannabis to the consumer lies on to the dealers and technology can pave a way to this supply chain. The dealers can have a direct link with the farmers and cultivators of marijuana which will provide them hassle free access in their source market.Many cannabis dispensaries are looking forward to design an online market place to endeavor the growing demand of cannabis, where consumer can be facilitated on-demand. Many medical users suffer because they are unable to find prescribed cannabis for themselves. Service providers like AppsRhino furnishes on-demand platform for suppliers which helps them to reach their customers more conveniently. Such marketplaces facilitate pot for both medical and recreational purpose and open newer avenues for users to have their needs met.