Cannabis Industry Trends 2024: Navigating Market Dynamics

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.

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