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Opinion: Will Year of the Dragon breathe fire into the marijuana market in 2024?

Andrew Kaye (Photo courtesy of Andrew Kaye)

According to the Chinese horoscope, 2024 is the Year of the Dragon, which represents power, nobleness, luck and, most importantly, success.

As the new year approaches, we’re thinking about trends likely to impact state-regulated cannabis markets in 2024.

Here are eight predictions:

1. Ongoing expansion of regulated marijuana markets means continued growth for both medical and adult-use cannabis.

Despite a continued federal ban on high-THC cannabis, new states will continue to legalize taxed and regulated marijuana markets.

People want it, the regulatory discrepancies between alcohol and weed are increasingly seen as absurd, and politicians love the tax dollars generated by the industry.

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This is a national phenomenon for red, blue and purple states, whether they be

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