Benzinga Exclusive: ‘32% Ditch Painkillers for Cannabis’ Says Bloomberg Analyst

Welcome to Cannabis Insider! We're bringing you the latest news and updates from the cannabis industry, as well as exclusive interviews with top executives and industry leaders!

Takeaways:

-The cannabis retail space is undergoing changes, including the introduction of a color coding system to simplify the selection of cannabis strains.

-The debate on cannabis decriminalization involves considerations of public health, policymaking, and social values.

-There is a strong wave of support in the US for the descheduling of marijuana, which could lead to a transformation of the entire framework of cannabis regulation.

-Evolving cannabis regulations in federal employment highlight the need for clear policies regarding CBD and could influence drug policy reform.

-Consumers primarily use cannabis for pain relief, stress reduction, and anxiety management.

-Consumers tend to gravitate towards smoking dried flower and edibles, while other consumption methods like vapes, beverages, and tinctures have seen a decline in popularity.

-Consumers are willing to spend more on cannabis products with higher potency.

-Cannabis is increasingly being used as an alternative to painkillers and alcohol, which could have implications for the pharmaceutical and alcohol industries.

-Consumers value brands with strong environmental and social commitments in the cannabis industry.

-As cannabis legalization spreads, per capita consumption is expected to rise, driven by increased accessibility and consumer loyalty to brands.

Chapters:

00:00 - Changes in the Cannabis Retail Space

01:38 - Cannabis Decriminalization Debate

02:36 - Push for Marijuana Descheduling

03:04 - Evolving Cannabis Regulations in Federal Employment

03:56 - Interview with Kenneth Shea, Senior Equity Analyst at Bloomberg Intelligence

04:41 - Cannabis Consumption Methods

05:11 - Reasons for Cannabis Use

08:02 - Consumer Spending Habits

11:40 - Cannabis as an Alternative to Painkillers and Alcohol

15:26 - Consumer Values and Branding in the Cannabis Industry

17:20 - Future of Cannabis Consumption

Featured Guest(s):

Kenneth Shea, Senior Equity Analyst - Bloomberg Intelligence

https://www.bloomberg.com/authors/ABrUfmz3WeA/kenneth-shea

Meet The Host(s):

Patricio Liddle, Cannabis Writer - Benzinga

https://www.benzinga.com/author/patricio-liddle-0

Abbey Higginbotham, Cannabis Writer - Benzinga

https://www.benzinga.com/author/abbey-higginbotham

🔈 PODCASTS! 🔈

Cannabis Insider - https://www.benzinga.com/money/podcast-show/cannabisinsider/

Cannabis Daily - https://www.benzinga.com/money/podcast-show/cannabis-daily/

📰 Sign Up for Our Newsletter! 📮

https://share.hsforms.com/1SD_FsDd8TnS-RYQYnORPFw1npzh

WEBSITE & SOCIALS:

💻 Website: https://www.benzinga.com

👍Benzinga on Instagram & Facebook @ Benzinga

📱Benzinga on TikTok & Twitter @ Benzinga

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

#CannabisInsider #bloomberg