As cannabis becomes more mainstream, there’s increasing acceptance of growing and using the plant – even among conventional farmers and ranchers.
In a recent Farm Journal survey, respondents said they were more comfortable with CBD and medical applications of cannabis than THC and recreational applications.
Survey respondents also were more agreeable to growing than consuming cannabis.
The survey results are reflective of the nation’s increasing acceptance of cannabis as an industrial, pharmaceutical and recreational product.
Growing acceptance of cannabis has contributed to legalization efforts in the United States and passage of the 2018 Farm Bill, which opened the door to hemp business opportunities nationwide by legalizing hemp – defined as cannabis with less than 0.3% THC content.
With medical marijuana approved in 33 states and recreational marijuana legal in 10 states, the majority of Americans live in a state with some form of legalized marijuana.
U.S. citizens also have elected politicians who are willing to support legislation designed to reduce barriers for this developing industry.
And with increased acceptance comes increased access to consumers and ancillary opportunities across the retail spectrum.
High-end retailer Barneys New York recently announced plans to enter the cannabis market with sales of CBD products and accessories, while bodega owners in New York have started a campaign to allow marijuana sales in the city’s 15,000-plus establishments if and when legalization occurs.
The Farm Journal survey – targeted to both crop producers and those raising livestock – asked respondents to rate their level of agreement with statements relating to whether farmers should grow various forms of cannabis and whether they would use these types of cannabis.
Products ranged from high-CBD, low-THC medical cannabis to high-THC recreational marijuana.
Although 98% of respondents were not currently involved in growing cannabis, 48% said they would consider it in the future.
This demonstrates that cannabis business opportunities are now appealing to a wide panel of business owners – and that patients and consumers exist in these demographics too.
Here’s what else you need to know about the situation:
- A majority of respondents were open to the concept of high-CBD, low-THC medical cannabis, with 72% indicating agreement with the statement that farmers should grow this form of cannabis and 61% indicating they would use it.
- A slight majority (51%) agreed with the statement that farmers should be involved in growing high-THC cannabis for medical purposes and 43% said they would use high-THC medical marijuana.
- Survey respondents were also asked questions about growing and using industrial hemp and cannabis for animal feed. Those results can be found here.
Maggie Cowee can be reached at email@example.com