Advocate, Educate, Inspire
Episode 49: The Future Of Adult-Use Vs. Medical Sales
New Episode of MiCannaCast is on the future of Adult-use Sales vs Medical Sales in the State in Mi. We also talk about elephants getting doses of CBD because it helps with the stress. The second topic we talk about is the recent bust at the Canada and Michigan Border. They were pulled over with 1,000 pounds of Marijuana. The last topic we touch on is the historic house vote this month on marijuana.
Elephants & Drug Bust
In Warsaw Poland, they are giving CBD oil to 3 elephants at their zoo. The elephants are getting CBDs because of the stresses they have been getting from people visiting. By giving them CBD oil they are taking the elephants off of pharmaceuticals and getting them into cannabis. The other topic is the big drug bust at the border of Canada and Michigan. The driver was coming over from Canada and was bringing the shipment to Chicago they said. The driver was pulled over with 1000 pounds of Marijuana. That is a pretty big shipment of cannabis rolling through the border especially now that Canada is legal, Michigan is legal, and now Illinois is legal as well too.
Adult-Use Update vs Medical Sales.
The Adult-use market just opened up recently in Michigan for the Sale of Cannabis to anyone 21 and up. The Adult-use industry is growing rapidly and the projections for a billion dollar industry look more real and closer than they did ever before. The program is already 7 months in and it already passed the medical sales. Is this trend going to continue? Many believe so and so does our CoHost CannaDave & Groovee.
The Cannabis industry is growing rapidly and you can see that as a consumer in the state because of all the brands coming out and new products hitting the shelf. The medical program is seeing a drop in renewals this year already. Will this trend continue? Its a pretty big possibility that will because of the easiness of going to adult use sales. the only thing that stinks is the higher sales tax on the adult vs medical side. Groovee makes a statement "its easier to get pot now compared to alcohol" this is because of how the industry is growing and these shops are popping up in more cities as well now too.
Historic House Vote
We've been here before that congress has the opportunity to change things in the cannabis space. Obviously all other proposals haven't passed because we are still illegal in many states and the states are choosing what to do. This would open up the U.S to have cannabis decriminalized or legalized because of the vote. This would change the landscape of Cannabis if this passes the house, but it does need to pass the Senate as well and that's republican controlled so it might be hard to pass.
The good thing is 66% of U.S. Adults want legalization of cannabis and a higher percentage wants it to at least be medical! The perception of cannabis is changing because more and more are opened to the idea of it being legal instead of a felony or controlled substance as well. Lets see what happens in the coming weeks and see if it passes. Legalization of Cannabis will be huge for the growing industry.
The times are changing and lets see where it goes in the coming weeks or months. Hopefully this does pass the house and it goes to the Senate. This has happened many times and it doesn't even get passed the House so let's see what happens. Let's Hope we are talking about this passing the house on our next episodes!
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