These developments signify a global trend toward cannabis reform and an increasing acceptance of its potential therapeutic and economic benefits. This begs the question: What is the catalyst for the growth in acceptance of the plant? As an entity actively present in every cannabis market globally, Grove Bags’ CEO Jack Grover chalks up education as a key foundational element to global expansion. When entering new markets where social and political ideologies tend to lean more traditional, organizations have no other choice but to break down outdated stigmas and back up new perspectives with facts, figures and logic. With cannabis still being a new industry, most would agree that delivering correct information to people is still half the battle.
The global supply chain of cannabis encompasses a complex network of processes involved in the production, processing and distribution of cannabis and its derivatives. Cultivation techniques have advanced significantly with innovations such as indoor and greenhouse growing methods. For example, vertical farming systems allow cultivators to maximize space and optimize environmental conditions, resulting in higher yields and improved quality control. In terms of processing, advanced extraction methods, such as supercritical CO2 extraction, provide precise and efficient extraction of cannabinoids and terpenes, leading to the production of higher-quality, safer and more reliable cannabis products. On the quality control front, pest and disease management protocols have rapidly become more advanced in an effort to deliver a better quality product, while avoiding blows to cultivators’ bottom lines caused by pathogen invasion and destruction. In addition, strict regulations and quality control measures are crucial components of the global supply chain that will likely continue to develop and ensure consumer safety and product consistency.
Wholesale Cannabis Market
The wholesale cannabis market plays a pivotal role in the industry’s growth and development. Licensed producers, processors and distributors form the backbone of this market, enabling the efficient movement of cannabis products from the point of production to retailers. The wholesale market is influenced by various factors, including supply and demand dynamics, pricing strategies and regulatory frameworks. According to a report by Grand View Research, the global legal cannabis market size is projected to reach USD $102.2 billion by 2030, driven by the increasing acceptance of cannabis for medical and recreational purposes. This market growth fuels the competition among wholesalers, leading to innovations in product offerings, branding strategies and distribution channels.
As the global cannabis industry continues to flourish, the international development of cannabis, the intricate global supply chain, the wholesale market and the constant technological advancements are pivotal factors shaping its growth. From the gradual acceptance and legalization of cannabis in numerous countries to the advancements in cultivation techniques, processing methods and distribution channels, the cannabis industry is experiencing a global revolution. It’s time we begin seeing the underground legacy for what it is today and what it’s becoming: a legitimate, legal industry.
This content was originally published here.