Since being legalized in 2018, there have been a number of changes to the Canadian cannabis industry. From bud to edibles, vaporizers, concentrates, and tinctures, there are a variety of ways to consume cannabis products. Each year new developments in the industry and in the world change the way Canadians consume the product. Here's what we can expect in the upcoming 2021 year and even into 2022 for cannabis culture.
New cannabis culture and products are constantly in the works. What we can expect to see in 2021 is a focus on edible and drinkable cannabis products. Since being legalized, cannabis companies have found a number of innovative ways to include both THC and CBD into consumable products like chocolate, soda, beer, and gummies. Even more is expected to come in the next few months and into next year. One thing you won’t be able to expect anytime soon is to find any cannabis products in your local grocery store. Legal THC and CBD products are still regulated substances and can only be purchased from legal retailers.
Since even before legalization, cannabis company stocks were being traded quite quickly on the TSX. Today, investments in Canadian cannabis companies continue to climb, the Aphria Inc. company rakes in over $600 million each year with a one-year trailing total return well above 450%. There are plenty of other cannabis companies to invest in, too, like Aurora, Canopy Growth, and Village Farms International. Cannabis investments are expected to peak in around 2026, so if you're thinking of investing, now is definitely the time to bud into the market.
The stigma surrounding the marijuana industry has been around for years. Typical ideas include that smokers are lazy and unconcerned with their surroundings. Considering that legalization of the plant is still relatively recent, there has not been a ton of research into its effects. Commonly though, marijuana is believed to help reduce the symptoms of mental health concerns like anxiety and depression. It is no secret that the COVID-19 pandemic has been tough on the mental health of Canadians across the country. In fact, since the pandemic medical cannabis consumption has increased dramatically as a way to cope with the stress and anxiety. With more Canadians understanding the true effects and even health benefits (physically and mentally) of cannabis, the stigma surrounding the drug is being reduced considerably.
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