Cannabis News
Will the Marijuana Industry Be Worth $51 Billion by 2028 as a New Report Suggests?
Published
2 years agoon
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It seems that the growth of cannabis sales is poised to continue at a steady pace, as newly released data forecasts an ongoing upward trend in sales from now until 2028. Despite a current cannabis industry that is crashing by the day, the Brightfield group sees brighter days ahead for the marijuana market. Margins may compress to very small percentages, but overall sales could still power forward as more people gain legal access to cannabis at the state level and possible Federal legalization.
On February 16th, the Brightfield Group published their “U.S. Cannabis Market Forecast,” revealing a comprehensive analysis of cannabis sales in 2022. The research also includes projections for the following five years, from 2023 to 2028. Based on their report, the cannabis market is predicted to surpass $31.8 billion in sales by the end of 2022 and is expected to reach a staggering $50.7 billion by 2028.
Although some markets, such as Arizona and Colorado, have experienced a decline in cannabis sales recently, the overall outlook on the industry remains positive. According to Matt Zehner, the insights manager at the Brightfield Group, this can be attributed to the expansion of cannabis into new markets. As Zehner explained to Forbes, 2022 was a significant year for cannabis due to the commencement of sales in seven state markets, including six for adult use and one for medical purposes, with four starting operations only in the latter half of the year.
He added that the cannabis markets in highly-populated states, including New Jersey and New York, are anticipated to experience significant growth throughout the year. Despite their slow start, both states are expected to see a substantial surge in sales. In fact, New York only recently launched sales in the final days of 2022, with 2023 marking the state’s first full year in the cannabis market.
The current momentum is expected to persist this year as more states launch their cannabis programs, such as Maryland’s upcoming adult-use program. Additionally, as highlighted by Zehner, markets like Maine and Michigan have already demonstrated steady growth.
Regional Sales Forecast
According to the Brightfield Group, the potential for a multi-state hub for cannabis exists in the eastern region of the United States. With nine states on the East Coast already allowing medical cannabis and seven states legalizing adult-use cannabis, the groundwork has been laid for this to become a reality.
The West Coast states, including Washington and Colorado, are expected to witness a surge in adult-use cannabis sales, with projections indicating that sales could reach $11.5 billion by the end of 2023 and $15.3 billion by 2028. Remember, this is just absolute sales, not profit. Quanity over quality seems to be the prediction in this report. In addition to this, the more recent entrants into the adult-use cannabis market, such as New Mexico and Arizona, are also expected to make significant contributions to this growth. However, medical cannabis sales on the West Coast are expected to decrease from $2.3 billion in 2022 to $2 billion by 2028.
The Midwest region is also poised for a tremendous surge in cannabis sales, with Missouri set to commence sales soon. Additionally, while adult-use sales have yet to be approved in Ohio and Minnesota, these markets are expected to legalize in the coming years, paving the way for significant growth. Conversely, the Southern region of the U.S. is expected to experience less change, with medical cannabis sales remaining the primary focus in this area.
The popularity of Cannabis Products
Brightfield Group’s research also delved into the popularity of various cannabis product categories. Flower continues to be the leading product category, with $11.6 billion in sales in 2022. Vape products closely followed with $5.9 billion in sales by the end of last year, while cannabis-infused beverages reached $290 million in 2022 and have the potential to soar to $640 million by 2028.
Various market reports indicate that the growth of cannabis and other psychedelic drugs will persist in the coming years. A Brandessence Market Research report published in January projected that the global market for psychedelic drugs, including psilocybin, LSD, and ketamine, could exceed $4.87 billion in 2022 and $11.82 billion by 2029.
According to the report, the market for psychedelic drugs has already become highly competitive, with businesses fiercely vying for a share of the market. This is due to the increasing acceptance of psychedelics as a treatment option for specific medical conditions. The report notes that the rising prevalence of mental disorders, including depression, and the subsequent demand for treatment are key factors contributing to the growth of the psychedelic drugs market.
Furthermore, changes in lifestyle and the desire for a higher quality of life are also expected to drive market expansion. The increase in research and development initiatives in the psychedelic medicine sector is projected to propel the market growth during the forecast period.
The burgeoning hemp industry is also set to experience significant growth, with an estimated projection of up to $18.1 billion by 2027.
Conclusion
The cannabis industry is poised for continued growth and expansion over the next several years, with new markets opening up and existing markets seeing steady growth. The Brightfield Group’s “U.S. Cannabis Market Forecast” provides valuable insights into the industry’s trajectory, with projections indicating that the sector will reach over $50 billion in annual sales by 2028. Similarly, the hemp industry is also expected to see a significant increase in value, highlighting the growing interest in alternative products that have therapeutic benefits. In addition, the report from Brandessence Market Research suggests that the acceptance and demand for psychedelic drugs are rising, making it another emerging market that could see tremendous growth in the future.
As the industry continues to evolve, so will the landscape of regulations, consumer preferences, and product offerings. The potential for continued growth in these markets presents numerous opportunities for businesses and entrepreneurs to develop new and innovative products and services that cater to the evolving needs of consumers. With so much growth potential, the cannabis, hemp, and psychedelic industries are sure to remain hot topics of interest in the years to come.
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Psychedelics Can Help with Which Severe Mental Health Disorders?
Published
2 hours agoon
March 18, 2025By
admin
Which Severe Mental Disorders Can Psychedelics Help With?
Severe mental illnesses refer to conditions that leave the patient with significant functional impairment and extreme symptoms. Sometimes, these may include serious symptoms such as psychosis, which can have harmful consequences if they aren’t diagnosed and treated early on.
Common treatments for serious mental health disorders vary; they usually include a combination of somatic and psychotherapeutic treatments. When it comes to medications, these can include antidepressants, antipsychotics, mood stabilizers, and anti-anxiety medications. Severe cases of depression may require neurofeedback, and other brain stimulation therapies to work. Until now, there is no one-size fits-all solution for mental health disorder treatments; many patients usually find success, if any, in using a combination of therapies for many years – sometimes, for life.
In fact, many patients even develop a tolerance to medications. This can make it difficult to find drugs that work, yet even then, most medications come with unwanted side effects.
But the rise of psychedelic use has brought about promise for those struggling with mental health problems, and their families. No other medication can induce psychological and neurobiological changes the way psychedelics can, thereby improving cognitive function and emotional processing. Psychedelics activate serotonin receptors, enhance neuroplasticity, and disrupt the default mode networks that cause rigid thinking and worsen depression. Because of this, psychedelics are considered a revolutionary treatment for severe mental health conditions that are resistant to treatment.
Check out this list of severe mental health disorders, and how psychedelics can help treat them.
Schizophrenia
Schizophrenia is a severe, chronic mental health disorder that greatly affects the way a person thinks, behaves, and fees. The main symptom of schizophrenia is a serious disconnection and detachment from reality, which can manifest through symptoms of psychosis. These may include delusions, hallucinations, disorganized behavior, and disorganized thinking.
Schizophrenia can be extremely challenging to treat and manage due to many factors, most especially the fact that the symptoms drastically differ from one patient to another. Also, many individuals with this condition don’t respond to conventional treatment.
Many studies have shown that psychedelics are promising for treating schizophrenia and managing its symptoms, allowing patients to regain control and enjoy a better quality of life. That said, it must be acknowledged that small doses of psychedelics are needed because larger doses may have negative effects. Keeping the doses at a clinically accepted low level can induce powerful anti-inflammatory properties especially benefiting patients’ brain function.
Additionally, regulated doses have been found to be well-tolerated and effective in treating several mental illnesses, including schizophrenia, which is notoriously difficult to treat.
Borderline Personality Disorder
Borderline personality disorder or BPD is a very complex mental health disorder whose hallmark symptoms include unstable relationships, severe emotional dysregulation, and constant impulsive actions. For this reason, it can also be known as emotionally unstable personality disorder. Some severe cases include high suicidal tendencies.
Successful treatment can feel like an uphill battle, as many patients often drop out. It has become critical to develop new treatments for BPD which have less side effects, and are certainly much more effective.
However, some research has pointed to psychedelic therapy. In one study in particular, authors found that MDMA combined with psychotherapy is effective and safe for treating borderline personality disorder. Researchers found that it provides a safe and beneficial alternative even for treating chronic PTSD, a co-occurring disorder of BPD. The researchers also found that MDMA was effective even when administered just twice or thrice during the course of a treatment, whereas psychotropic drugs commonly prescribed in psychiatry often must be taken everyday for a certain period of time.
The treatment, known as MDMA-assisted psychotherapy, is gaining traction for treating other complex mental health disorders as well.
Severe Anxiety Disorders
Severe anxiety disorders significantly impact the daily life, as well as quality of life, of patients. Whereas generalized anxiety disorders may be occasional bouts of anxiety, severe anxiety is intense, persistent, and chronic.
Patients with severe anxiety disorders excessively ruminate and worry about things that often can’t be controlled, even without a trigger. It can manifest physically, such a through hyperventilation, shakes, sweating, and a racing heart. Long term effects include insomnia, headaches, fatigue, and difficulty thinking straight. The severe anxiety is so debilitating that it requires serious and professional interventions for patients to regain their quality of life.
Thankfully, a handful of various psychedelics have shown promising results for treating severe anxiety disorders, even where conventional medications have failed. Psilocybin is one of the most widely studied psychedelics for treating chronic anxiety; studies show that it has long-lasting results in anxiety management, with excellent results observed months even after the last treatment.
LSD (lysergic acid diethylamide), or also known as acid, has also been widely studied for mental health disorders especially anxiety. According to studies, LSD can enhance cognitive flexibility and reduce anxiety scores especially when used in psychotherapy. As a result, patients can break rigid mental thought patterns that can influence anxiety-driven behaviors. LSD interacts with serotonin receptors in the brain, such as 5-HT1A and many others, which help regulate mood and reduce anxious behaviors.
MDMA’s potential for treating anxiety and other mental health disorders likewise continues to grow. Patients who struggle with anxiety show positive responses to MDMA; it has been shown to strengthen emotional processing while improving the coping mechanisms of patients. Also known by its street drug names molly or ecstasy, MDMA works well in modulating neurotransmitters in the brain, including dopamine, serotonin, and norepinephrine. These all play an important role in regulating one’s emotions and improve overall mood.
CONCLUSION
If you or a loved one are struggling with mental health disorders and would like to experiment with psychedelics, it’s always recommended to do so in a clinical setting. These are not conditions wherein self-medicating is advisable, because of the harmful side effects of taking too much or too little, as well as the potential interactions of psychedelics with other medications.
Therapy sessions in a controlled environment is the best, safest way to medicate with psychedelics for severe mental health disorders. Reach out to a medical professional to get started, but do your own research.
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Cannabis News
How Worried Should You Be about Schizophrenia and Psychosis if You Smoke Weed?
Published
3 days agoon
March 15, 2025By
admin
Should You Really Be Worried About Schizophrenia and Psychosis If You Smoke Weed?
Occasionally, a study on cannabis and schizophrenia or psychosis makes its way to the internet and becomes viral for a few weeks. It gets republished and circulated across numerous news channels and social media sites, spreading often unnecessarily alarming news and fear-mongering.
So what’s the truth behind it? Should you really worry about developing schizophrenia and psychosis if you smoke weed?
Let’s get the facts sorted first.
Schizophrenia
Schizophrenia is a chronic mental health disorder characterized by hallucinations, delusions, cognitive distortion, trouble thinking straight, and lack of motivation. Extreme cases of schizophrenia can also lead to episodes of psychosis or delusion, which is what occurs when an individual can no longer tell the difference between reality and fiction. Being severely disconnected from reality can occur among patients of schizophrenia and psychosis, but these can be caused by a wide range of physical or mental conditions.
What Causes Schizophrenia?
There is no one known cause for schizophrenia, though several environmental and genetic factors can contribute to its symptoms. It’s also known to run in families, so if someone in your family tree has had schizophrenia, it’s important to practice caution when using drugs and alcohol.
Certain environmental triggers can cause psychotic or schizophrenic episodes, particularly going through extremely stressful life events. Stressful environments, such as fast-paced cities, may also trigger symptoms. Other factors include the experience of childhood trauma, or certain changes in brain chemistry.
Cannabis: Treatment Or Cause?
The symptoms of schizophrenia can be managed or reduced through the use of antipsychotic medications, which are typically the first line of defense for this condition. First-generation antipsychotics, such as Chlorpromazine, Perphenazine, and Fluphenazine, are examples of widely-used schizophrenia treatments. Second-generation antipsychotic treatments include Aripiprazole, Lurasidone, Clozapine, Quetiapine, and several others. In some occasions, doctors may also prescribe antidepressants if antipsychotic drugs don’t help with the depressive episodes that may be associated with schizophrenia.
However, many antipsychotic medications come with unwanted side effects. They commonly include sexual dysfunction, weight gain, sedation, heart problems, difficulty urinating, and many more.
The use of cannabis-based medications for treating the symptoms of schizophrenia has been gaining traction in the medical and scientific community over the past few years. That said, we must differentiate the compounds used in cannabis because we can’t generalize all the compounds in the plant and its effects on the human body. Tetrahydrocannabinol (THC), the psychoactive compound in marijuana, and cannabidiol (CBD), a relaxing, non-psychoactive compound, both work differently in the human body.
What The Research Says
Several studies have shown that CBD could be promising for treating and even mitigating the symptoms of schizophrenia and psychosis. This is especially true if the condition is in its early stages.
For example, in a review conducted in 2021, scientists found that CBD may be beneficial in adjusting the levels of different brain chemicals which have been associated with symptoms of psychosis. One of these is anandamide – and the study found that CBD can increase its levels in the brain.
Anandamide is an endocannabinoid, and it’s believed to help reduce psychotic episodes through several mechanisms in the brain. For one, high levels of anandamide have been observed as successful in mitigating acute cases of schizophrenia.
Meanwhile, another review discovered minor albeit significant evidence that CBD could possibly reduce the symptoms of schizophrenia when administered in high doses. In the review, the researchers noted that 800 mg of CBD were given to patients over the course of 4 weeks. The results were similar to those yielded by amisulpride, an antipsychotic drug which is used in the treatment of psychosis. A similar trial found that 1,000 mg of CBD given to patients over 6 weeks was effective in reducing schizophrenia symptoms.
The results of a 2024 clinical trial also found that CBD was successful in mitigating the symptoms of patients who were at high risk for psychosis. For the study, there were 31 patients involved; they were given either 600 mg of CBD or a placebo everyday for 3 weeks. However, they weren’t given any prescription drugs during the course of the study. Researchers analyzed their baseline at 7 and then again at 21 days.
“Short-term treatment with CBD can ameliorate the symptoms of CHR state for psychosis and is well tolerated. These results highlight the potential of CBD as a novel treatment for psychosis, and the need for large-scale efficacy studies to further evaluate its clinical utility,” concluded the study’s authors.
So Who Needs To Worry About Schizophrenia and Cannabis Use?
Smoking pot won’t make you go psychotic. It doesn’t cause schizophrenia per se.
That said, those with pre-existing mental health conditions must tread lightly and be very cautious when it comes to using high THC products. In other words, if you already have a family history of schizophrenia or have had a history of psychotic episodes, THC may not be the medicine or recreational drug for you. Individuals with bipolar disorder, delusional disorder, or other similar personality and mood disorders with a tendency to have episodes of psychosis should first seek out medical attention.
Products containing high levels of THC may not be recommended in these situations, though CBD may help reduce symptoms. If you aren’t sure, it’s always best to consult with your medical provider.
Conclusion
Even if there is promising evidence that CBD can be beneficial for schizophrenia, we must be careful not to consider it as a substitute for any kind of medical treatment. There are many different types of cannabis products out there but there isn’t one-size-fits-all solution for mental health disorders. So while most people wouldn’t have a problem smoking weed, there is a small subset of the population as mentioned earlier – who do have to be careful.
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Cannabis News
What are Cannabis Dissolvables? Are These Products Trendy, or are They Worth Trying?
Published
3 days agoon
March 15, 2025By
admin
What are Cannabis Dissolvables? Are These Products Trendy, or are They Worth Trying?
For cannabis enthusiasts who enjoy experimenting with consumption in an array of forms, or even for medical marijuana patients who simply want to look for the most convenient way to medicate, we’re spoiled with choices these days.
From vaping to smoking, edibles and beverages, tinctures, topicals, pills, and suppositories, there’s a way to medicate for everyone. But recently, a new way to consume marijuana has had some people talking: cannabis dissolvables! You might have heard about them as dissolvable cannabis powder or THC powder; these revolutionary powders are manufactured with cannabinoids and designed to be mixed into your food or drink. Upon consumption, you can enjoy the effects of cannabis within minutes.
But they work just like edibles, then, don’t they?
Nope!
Dissolvable cannabis powders are known for their fast-acting effects, which means that you can expect to feel the impact of the cannabinoids within minutes of consuming it in your food and drink. That’s because cannabis powders are water-soluble, allowing almost immediate absorption of the cannabinoids in your bloodstream. On the other hand, edibles can sometimes take up to 90 minute to take effect.
Why You Should Try Dissolvable Cannabis Powders
There are several reasons why you should give dissolvables a try:
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There are odorless and flavorless options in the market: Marijuana dissolvable powders that are neutrally flavored make it a breeze to add to your favorite drinks and food, without worrying about altering its flavor. Gone are the days when you’d be surprised by the often-undesirable flavors of supplement powders; now with flavorless cannabis powders, you can easily medicate while still enjoying the taste of your favorite food and drinks.
Smoothies, baked goods, juices, coffee, and oatmeal are just some examples of common items you can easily add THC powders to. That said, you can also find flavored options in the market if that’s what you prefer.
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High bioavailability: Cannabis powders are formulated to be absorbed efficiently. This way, your body can metabolize and absorb all or most of the cannabinoids in the product. Thanks to enhanced absorption, you can maximize the benefits of the cannabinoids.
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Accurate dosing: For consumers who prioritize precision dosing in cannabis, powders are superior when it comes to this. Getting an accurate dose is so easy, since packets are already pre-measured. Meanwhile, powders can also easily be measured using a spoon. This offers total control over how much you’re ingesting, which is particularly important for medical users who require consistent dosing for symptom relief.
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Discretion: When you add cannabis powders to your food or beverages, they don’t have that notorious smell that cannabis smoke is known for. Because they are either odorless or have a neutral odor, there’s no need to worry that taking it out and mixing it into a drink will alert people around you.
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Low or no calories: Most cannabis powders have little to no calories, so it’s a healthy choice for calorie-conscious individuals. Whether you are looking to make a healthier choice or simply want to experiment with cannabis formulations in the kitchen, dissolvable cannabis powders are an easy way to do so.
What Conditions Can Cannabis Powders Help With?
While dissolvable cannabis can benefit all patients, cannabis powders have a particular advantage for patients of certain conditions:
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Nausea and vomiting: Patients who are undergoing chemotherapy, or recovering from eating disorders, may find that medicating with cannabis simply through food and drink is an efficient way to medicate. These conditions make it difficult to keep nutrients down due to the constant urge to vomit, but that makes it even more important to eat – in order to have the necessary vitamins and minerals to recover. Mixing cannabis powders in water or juices provides a gentle alternative to medicating and keeping food down.
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Pain: Fast-acting cannabis works so well for pain relief. If you suffer from chronic pain and rely on cannabis for symptom relief, you can explore using cannabis powders. Thanks to its excellent bioavailability and quick results, there’s no need to wait several minutes to feel better. Powder can interact with the endocannabinoid system fast in order to reduce inflammation within minutes and positively affect the pain perception pathways.
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Insomnia and sleep problems: Cannabis is an excellent natural medication for treating insomnia and other sleep problems. This is especially true if symptoms from another condition can cause difficulty falling or staying asleep, such as pain or general discomfort caused by inflammatory conditions. Consuming cannabis powders a few minutes before bedtime can help you hit two birds with one stone: enjoy relief from your symptoms, while easing into a comfortable state of sleep.
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Anxiety relief: Many cannabis drink mixes are made with CBD, which provides excellent relief from anxiety. Start your day with a healthy dose of CBD to mitigate anxiety, and help you get through the day with some peace of mind.
In addition, many powder mixes are also formulated with other healthy ingredients. These vary from one product to another, and may include electrolytes, functional ingredients, hemp, terpenes, and other cannabinoids.
Conclusion
Dissolvable cannabis powders are innovative, but they are also accessible and inclusive, offering a convenient way to medicate. Whether you are a recreational cannabis consumer or a medical marijuana patient, the benefits of cannabis dissolvable powders are endless. Check out your neighborhood dispensary to explore dissolvable cannabis and share with us your favorite way to consume it.
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