10 trends that may alter cannabis industry in 2022

Now that the new year is here, cannabis industry executives can expect to face a crosscurrent of trends in 2022.

Some will be positive for the industry; others, negative. Some will be new; others, a continuation from 2021.

To name just a handful:

  • Additional states will legalize marijuana in some form.
  • Calls will grow for greater participation among minorities in the cannabis industry.
  • Climate change fallout will continue to wreak havoc for marijuana companies.

Below are MJBizDaily‘s top 10 trends to watch for in 2022:

  1. M&A will march on.

Smaller M&A deals will likely continue at a rapid pace and even accelerate across the United States as capital-flush multistate operators build out their footprints in high-growth marijuana markets.

In Florida, for example, MSOs made a flurry of acquisitions in 2021 totaling more than $500 million. The goal: Make inroads into Trulieve Cannabis’ domination of a medical marijuana market where annual sales top $1 billion.

Pennsylvania also was a hotbed for MSO dealmaking.

In mature markets such as Colorado, the trend of vertically integrated companies snatching up smaller, one-off companies will persist.

Columbia Care’s acquisition of Denver-based Medicine Man – completed on Nov. 1 – highlights the accelerating consolidation of the Colorado cannabis market.

  1. Brands will grow across all sectors, including cultivation, retail and infused products. 

We’ve already seen a select few flower and edibles brands expand across the U.S. and internationally – think Cookies and Wana Brands.


Disclaimer: https://mjbizdaily.com/10-cannabis-industry-trends-to-watch-for-in-2022


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