What are the biggest problems the cannabis industry has yet to solve?

The legality of cannabis is increasing all over the world, and that’s a good thing. On the other hand, we see that as a larger cannabis industry emerges, new problems arise.

This begs the question, “what are some of the biggest problems” we need to solve for the cannabis industry?

In this article, we’re going to examine some of the most common problems the cannabis industry is still facing and desperately looking for a solution.

Granted, some of these problems may not be entirely a “cannabis thing”, but if the cannabis industry were to solve these problems – it could have repercussions for other industries.

So let’s take a look.

Single-use plastic

One of the side effects of over-regulation is an excess of single-use plastics. These plastics are at the forefront of our “public pollution problem” and are in part what causes a huge amount of plastic to float in the ocean.

What is a single use?

Practically all plastic packaging that is disposed of immediately after use is considered to be single-use plastic.

In a highly regulated market like cannabis, there are specific requirements that increase the presence of these plastics. For example, to make child-proof packaging, more plastic is needed.

The problem with this is that this problem is not just reserved for the cannabis industry. We have a very deep “love” for plastic in the modern world and while solutions are being worked on, we haven’t found anything that can scale as well as plastic.

We’re seeing some interesting options with mycelium, and while “recycling” feels good, the fact is, it’s nowhere near as effective as you think.

Banking

This is currently at the forefront of “industry problems” that only Congress can solve. With Koch’s entry into the cannabis lobbying game – this could change in the near future, but the cash only business model has many potential dangers.

Piling a bunch of money in one place will attract unwanted looks. Due to the federal cannabis ban, these legitimate companies cannot participate with regular banking protocols.

In other words, the cannabis industry has been forced to be a “cash only” industry. Of course, there have been some workarounds, but banks are reluctant to work with these companies due to the federal money laundering laws associated with cannabis.

Perhaps a little lobbying can sway things in favor of allowing cannabis banking in the near future.

The high-pay wall

We have politicians striving to find solutions to “fairer weeding practices”. In other words, they want a more diverse group of people to participate in the market.

To do this, however, you need to lower the paywall.

Most people disenfranchised by the drug war do not have the start-up capital of hedge funds, and when politicians charge millions of different things to sell cannabis legally, the cost becomes too high for the “average person”.

I’ve already suggested that we put in place various licensing systems that would give small business owners low entry thresholds up to $ 1,000,000 in annual sales. In addition, you can start slapping “corporate marijuana licenses” the way things are going today.

If you want a more diverse audience, it’s time we brought cannabis to the “farmers market” too. Create a cozy sub-industry of home growers. You’d think “everyone would grow”, but to be honest, most people are too lazy to grow their own weed.

Especially since the yields are often not what you expect. Furthermore, in a market where many people can compete, quality is always the winner.

Overregulation

With the novelty of cannabis legalization sweeping the world, policymakers are trying to cover all of their bases. As a result, they over-regulate the market.

What then happens is a price increase that is passed on to the end user. When the end user realizes that it is simply cheaper to continue shopping on the black market – the black market continues to thrive.

However, some anti-cannabis see this as a “failure” of legalization – but if we have decent regulations that protect the end user and not try to make the industry a “nanny state” – we could have more competitive legal prices, which eventually ends with compete on the black market.

However, we have politicians looking for cash, and cannabis seems to fit the bill. I’m not sure how the industry solves this.

Accessibility

Unlike alcohol, which can be bought at large retailers like Walmart, weed is still only available at licensed pharmacies.

Of course, this will likely resolve itself as the commercialization of cannabis continues to grow. You’ll find drinks, groceries, etc. popping up in these larger retailers – and we know Amazon is eyeing the industry these days too.

One day you can buy a preroll in a 7/11.

Better rating systems

Right now, people are buying indicas, sativas, or hybrids. It doesn’t matter if it’s flowers, oil or something else.

The fact is, these are old terms that need updating. We need to include terpene profiles in the labeling as we know there are Xs of a particular terpene, which will help you decide on the effects of the strain.

The industry has to work on this and will undoubtedly become a “thing” in the next 10 years.

For now, people will still buy on these rudimentary terms even though they are out of date and in need of an urgent update.

As we explore the plant more, this becomes clear.

What are we missing?

I am sure there are many other issues that we have yet to look at. Feel free to add your suggestion in the comments!

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