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The Basic CANNABIS INDUSTRY SECTORS πŸ’₯πŸ’₯

The Cannabis Industry can be segmented into three general sectors:

Medical Cannabis Market πŸ’ŠπŸ’Š

Cannabis is used for medicinal purposes and has proven to be an effective treatment
for pain relief, inflammation and a number of other medical disorders. Doctors may prescribe ‘legalized’ medical cannabis in approved states where patients can receive a “recommendation” from a state‐approved, licensed physician for the treatment of certain conditions specified by the state. Medical cannabis is being used to treat severe or chronic pain, inflammation, nausea and vomiting, neurologic symptoms (including muscle spasticity), glaucoma, cancer, multiple sclerosis, post‐traumatic stress disorder, anorexia, arthritis, Alzheimer’s, Crohn’s disease, fibromyalgia, ADD, ADHD, Tourette’s syndrome, spinal cord injury and numerous other conditions. Cannabis oil has also been proven effective in treating epileptic seizures in children.


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Recreational Cannabis Market πŸƒ

In 2012 through voter approved initiatives, Colorado and Washington state
legalized cannabis for recreational use. These history‐changing initiatives and subsequent state legislation created a window of opportunity for the commercialization and state taxation of a plant group that has, until recently, been virtually untouchable and has set the wheels in motion for other states to follow. Since then seven more states and Washington, D.C. have legalized recreational cannabis – Alaska, California, Maine, Massachusetts, Nevada, Oregon and Vermont. In January of 2018, California issued permits to further legalization of recreational cannabis in potentially the largest market for cannabis.

Ancillary Cannabis‐Related Businesses πŸŽ©

As more states enact cannabis legislation, the demand for cannabis‐related products and services grows. The rapid expansion of the cannabis market combined with more sophisticated management teams and business models entering the market has spurred the development of numerous cannabis‐related niche markets. These ancillary markets that do not physically “touch the plant” include infrastructure and support for the cannabis industry in such areas as social media, security, consulting, delivery systems, financial services, software & high‐tech, electronic hardware, infused products, extracts & oils, hemp production, ancillary cultivation solutions, and retail.

Authored By: John E. Zidar

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