In 2024, the global cannabis market is set for substantial growth. Legalization, innovative products, and tech advancements are driving this expansion. Opportunities abound, but so do challenges in the complex legal landscape.
– Market Outlook: The U.S. cannabis market is on track to hit $53.5 billion by 2027, especially with adult-use sales rising. States like New York are finalizing programs, boosting growth.
– Tech Evolution: Blockchain and AI will transform supply chains and compliance tracking in the industry.
– Product Shift: Personalized cannabis products are gaining traction as consumers get more discerning. While pre-rolls stay popular, expect a rise in craft cannabis and artisanal flower preferences, alongside demand for affordable options.
Curious about how Fanda can elevate your cannabis business in 2024? Schedule a demo now to delve deeper into the possibilities.
