The Business of Hemp, Legal Weed, and Marijuana

According to a recent article on Forbes, spending on legal cannabis worldwide market is about to hit $57 billion by the year 2027! In North America alone, we are going to see those numbers rise from $9.2 billion in 2017, to more than $47.3 billion a decade later

The Multi-Billion Dollar Marijuana Industry

The marijuana industry is booming right now. In fact, most people (64%) are ok with actually legalizing marijuana in the entire country. This is a huge deal, considering the fact that around 40 years ago or so the amount of people that were ok with this was only 16%. And the numbers are getting higher, a testament to the value and quality brought by this multi-billion dollar industry.

Another thing to keep in mind is that you can use cannabis legally for medical purposes in 29 states as well as DC. However, marijuana is also decriminalized in 7 states, a very important aspect for you to take into consideration.

Marijuana is only suitable for adult use where it’s legal. So even if there’s a good legal aspect there, you still have to obey some rules, so you really have to consider all of that. It’s definitely a very good idea to keep in mind and it does pay off quite nicely due to that.

The number of marijuana users is super high to the point that it becomes super exciting for people in the industry. Just California alone is set to grow to 6.6 billion USD by 2020 and $23 billion nationally. This means that the industry is actually booming despite some people saying that there will be problems within the industry. Of course there will always be people that will see downsides and potential problems. But even the small things count here, and the growth of this industry is extremely important.

What can we expect in the near future? That’s hard to say, but for the most part you will find that the marijuana industry is booming right now and things will only get better for the consumers. Of course this also brings issues because some people will still become addicted to it. But in a controlled environment this can really pay off and provide some rather impressive benefits. It all comes down to making the right pick and that’s the crucial aspect to consider in such a situation.

Whether we will find a lot of people using marijuana in the next few years, that can be a bit hard to say. But the possibilities are endless, and it all comes down to the adaptability of it all and how everyone focuses on stuff like this. It definitely does wonders, and it all comes down to the uniqueness of the entire approach. Naturally there will be some challenges as the industry grows.

But if everything is handled properly, results can be nothing short of impressive. Just remember, this is a huge industry and if every company follows the rules and focuses on legality, then results will be great for them. It’s definitely hard to figure out the right solutions in such a situation, but with the best approach the industry will shine. It all comes down to people gathering and focusing on marijuana legalization everywhere. Once we all do that and the government notices, marijuana legalization will not be a problem anymore. Even so, the industry is booming!

Will your business be ready?

Let HempireSEO maximize your hemp business, smoke shop, local dispensary, or online business get the attention and customers it deserves — without the hassle of learning how to be an online marketer and SEO expert in the process.

Through the use of organic search rankings, content creation and marketing, SEO, and more than 20 years of experience in the world of online marketing and branding… we know what it takes to rank your business at the top of the search results.

The industry is growing at a massive rate, and it’s now time for you to cash in!

Contact us today to get started.

Or follow us on social media through the outlets below:

Are you a non-cannabis business or brand looking for better results?

While our bread and butter is in the world of helping cannabis, CBD, dispensaries, and smoke shops grow their businesses and brands, we’ve also helped thousands of businesses outside of these markets as well.

The basics and best working methods for online promotion, reaching new audiences, and ranking higher across SEO are consistent across all niche markets and industry. We know the landscape and what it takes to find longterm success.

No matter if you are in the hemp space, or an industry completely different, contact us today to learn more about how to grow your business online.