The US Market for Cannabis Continues to Grow

As states slowly move towards legalizing cannabis, Robert Scharringhausen believes more people will begin to grow houses.

Marijuana legalization continues to be a hot topic in United States politics. It has long been one of the most trafficked and used drugs, but now it is being considered for medicinal and recreational purposes. According to Robert Scharringhausen, cannabis is gaining attention from manufacturers, investors, and scientists despite being labeled as a Schedule I drug.

In 2019, the legal marijuana industry in the United States was already estimated at almost $14 billion. Scharringhausen notes that job growth increased as well, with approximately 340,000 positions available for workers who enjoy handling plants. As more states accept cannabis for medical use, Robert Scharringhause believes that more will quickly follow for recreational use.

Polls have shown that more than half of Americans agree with the legalization of marijuana. People’s attitudes toward the substance have shifted dramatically since the 1930’s as researchers continue to show its benefits in addition to a lack of major side effects. Robert Scharringhausen notes that usage has increased among all age groups in the past sixty years or so, which means more income for the United States. Robert Scharringhausen explains that studies have shown the industry will generate about $85 billion in 2030.

As marijuana policy reform makes its way through the United States, many people are wondering what the future of the industry looks like. Although some are scared that large corporations or big pharma will dominate the market, Robert Scharringhausen believes that people will more likely turn to “craft” weed, much like traditional beer breweries. The possibilities are truly endless when it comes to the variety of strains that can be made.

Scharringhausen explains that marijuana can be altered to have different flavors and bodily effects. You will most commonly see the words Indica, Sativa, and Hybrid used to categorize strain variations. According to Robert Scharringhausen, Indica is known to have a calming and relaxing effect for the user. On the other hand, Sativa is known to be energizing while Hybrids try to find a balance between the two.

As people try to jump in on the “grow rush”, we can expect to see more and more indoor grow houses start up. Technology has proven to be extremely valuable when creating ideal conditions for marijuana and THC production. Scharringhausen explains that with the right temperature, light, water, and space, marijuana plants can be encouraged to yield big buds.

Even celebrities like Snoop Dogg and Kevin Durant have started their own cannabis services. They specialize in marijuana and cannabis delivery, and their venture has already been quite successful. According to Scharringhausen, you can expect to see more familiar names join the industry soon as people realize the potential in profit and popularity.

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