What Are the Latest Trends Affecting the World Marijuana Industry?

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In recent years, the marijuana industry has seen exponential growth. Per marijuana world news, the factors such as legalization, improved awareness among customers, and research into medical marijuana have contributed towards this growth. 

According to a market research report, the global marijuana market was valued at $9.1 billion in 2020. Furthermore, the market is expected to grow at a CAGR of 26.7% from 2021 to 2028.

The article will look at different trends that affect the world marijuana industry.

The Legalization Movement for Marijuana

Several US states and other countries worldwide have legalized the use of marijuana. In addition, there are efforts underway to bring more geographical locations under the legal marijuana umbrella. For example, the medical use of marijuana is legal in 36 states, with more states expected to follow suit. Recreational marijuana is also legal in 18 US states.

Countries that have legalized recreational and medical marijuana are Canada, Mexico, South Africa, and Uruguay. The legalization terms and permits may be different from one country to another.

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In countries where marijuana is considered illegal, small steps are being taken to decriminalize the use of marijuana.  

Growing Use of Medical Marijuana

Several studies and trials are being conducted to understand the compounds found in marijuana and their benefits. In addition, medical marijuana is being administered to patients with chronic illnesses like cancer, Alzheimer's, Parkinson's, and other neurological ailments. 

CBD products are also gaining popularity among customers for their relaxing, anti-inflammatory, and antibiotic properties.   

Increase in Diverse Customer Base

This fragment is additionally expected to observe the quickest development over the figure time frame. Oils extricated from cannabis are utilized for the therapy of malignancy actuated queasiness and spewing. The cannabinoids present in the oil help to further develop rest issues and mitigate pressure and uneasiness. The interest for cannabis oils is expected to increment over the gauge time frame as there has been a generous expansion in the quantity of patients leaning toward oil when contrasted with blossoms. Additionally, youngsters are not permitted to smoke maryjane because of its potential hurtful parts that bring about respiratory issues.

Fighting stigma around marijuana has been a challenge for the industry. However, the legalization and use of medical marijuana have helped build a relationship of trust with customers. 

The adult-use segment is the major player in the marijuana market, with them accounting for more than 50% of the customer base. Companies, though, have started diversifying their product line to meet the demand of other segments. 

Today there are several products available in the market for adults, children, and even pets. 

Interest in Cannabis Stocks

Investors are waking up to cannabis stock and its profit potential. There are various companies involved in the marijuana industry, like growers, biotech, and subsidiaries. When investing in these stocks, remember to factor in the legalization aspect. 

You can buy cannabis stocks using any brokerage firm. First, however, you must understand the market is still in its nascent stages and if your portfolio can handle high-risk investments.  

Increased Awareness Among Customers

The legalization process has given rise to brick-mortar stores and licensed brands leveraging digital platforms to sell marijuana products. In addition, there is thought being put into marketing content and the message being projected.  

Customers are using the internet to learn about marijuana, compounds, and studies related to its use. There are also third-party labs involved which test the quality and purity of the products on offer.

According to marijuana world news, the key trends driving the market's growth are studies conducted on the benefits of medical marijuana, high awareness, and increased demand among users for natural treatments. Additionally, with legalization efforts, the industry is expected to grow in the coming years. 

The grown-up use fragment ruled the market with an income portion of 54.6% in 2020 and is relied upon to observe critical development from 2021 to 2028. The authorization of cannabis for grown-up use is one of the main considerations driving the interest for legitimate weed. The business has seen a powerful change from patients selecting to utilize weed for grown-up use instead of restorative uses in nations, like Canada and the U.S., where cannabis for grown-up use has been authorized. This can be because of its low costs and quick accessibility. This adjustment of example is extremely obvious in countries where repayment for clinical weed isn't accessible.

The clinical section is relied upon to develop at a consistent rate over the estimate time frame. High mindfulness about the health advantages of cannabis, flooding interest for plant-based therapies in torment the executives, and expanding legitimization of cannabis for clinical intentions are a portion of the key components driving the section. Lately, a few nations have sanctioned clinical weed, in any case, its medicine is reliant upon doctor's decision and patient's requests. As the quantity of nations authorizing clinical weed is expanding, the market is relied upon to observe rewarding development over the gauge time frame.

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      Meta:  Both Wix and WordPress prove themselves to be the optimal choice for those who want to create a website on their own. Here is my take on Wix vs WordPress comparison.   If this is your first time hearing about Wix and WordPress, these are the two most popular website-building platforms in the world. So, Wix vs. WordPress: which is better? Wix has grown in popularity in recent years and is proud to have been chosen by many celebrities, including Karlie Kloss. Meanwhile, WordPress is the foundation of 1/3 of the currently active websites. These two platforms have completely different operating mechanisms. _____________________________________________________________________________________________________________________________ Wix and WordPress: Which is the most trusted for eCommerce? ____________________________________________________________________________________________________________________________ Wix is ​​a type of website builder, which means it provides the necessary tools completely for free to build websites easily without any coding required. Wix uses an intuitive interface and has pre-built elements or blocks to organize into a web page. Over the years, this type of website building tool has grown tremendously thanks to its easy-to-use web builder interface for beginners without the need to know how to code. But there are certain limitations when using the website builder editor, which we will explain more clearly in the comparison section. And what is WordPress? WordPress is a typical representative of a content management system (CMS). This is the term for platforms used to manage large amounts of content, images, articles, videos, etc. CMS also provides the tools you need to host a beautiful website. ___________________________________________________________________________________________________________ Although it started as just a blogging platform, WordPress has grown stronger to become a platform for all types of websites. WordPress itself is also a hosting provider, called WordPress.com instead of the open-source WordPress.org site. Thus, the biggest difference between Wix and WordPress is that when using Wix, your site will use the Wix provider's hosting; When using WordPress, you can bring your website to any hosting provider. While this takes a little more work, it gives you more control over performance and security. And now, we will dig deeper into each aspect to make the most accurate comments! ___________________________________________________________________________________________________________ Wix vs WordPress ___________________________________________________________________________________________________________ Design and layout ___________________________________________________________________________________________________________ The design and layout of the website play a very important role, not only is the web design beautiful but also user-friendly, making the brand stand out. So what is the difference between Wix and WordPress in this feature? Wix comes with over 1000 pre-made templates for you to choose from. You can easily choose according to pre-categorized categories such as Architecture, Fashion Design, Branding.... Or you can use the search bar in the upper right corner to find the interface you want. All Wix designs are written in HTML5, using the built-in tools you can add website designs, customize and rearrange items to fit. ___________________________________________________________________________________________________________ However, there is a disadvantage that once you have selected a template it cannot be changed. You can edit and customize it to your liking using the built-in tools, but you cannot switch to another template. So, the warning here is to think carefully before choosing! When it comes to themes, perhaps Wix can't match WordPress. This platform has 50 times more themes than its competitors in this article including free themes to choose from or premium paid themes including support from Theme creators like CSSIgniter, Themify, StudioPress, etc. What's more, if you're a spendthrift, you can even get an exclusive WordPress theme page just for your business. Most themes have built-in customization. You can also customize it further using your themes and plugins. Completely different from Wix, you can rebanding or freely explore other themes on WordPress. The theme switch is easy, the components that have been set up on the web will be kept and transferred to the new theme. WordPress experts are always ready to help with editing and support when there are any problems. ___________________________________________________________________________________________________________ Compared to Wix, WordPress has more themes and templates. WordPress users can also easily switch themes or customize them without any restrictions. ___________________________________________________________________________________________________________ Performance ___________________________________________________________________________________________________________ Each platform has a different host, so comparing the speed between Wix and WordPress is a bit difficult. However, we will also filter out the following basic points. Wix is ​​also a web host like we mentioned above, which means you pay for the website builder and hosting services at the same time. Wix does not allow tweaks to be made to improve the speed of the site. Instead, the platform will do everything necessary to make the website as fast as possible, at least in theory. During our testing, we found Wix to have very good page load times with their CDN and automatic image optimization technology. ___________________________________________________________________________________________________________ As such, Wix is ​​a good choice for you if you don't want to worry about website performance. However, since you don't have control over this, it has the disadvantage that you won't make much of an improvement to website speed when there's a need but in an awkward situation. As for WordPress, you can use any hosting package, so you will be able to learn to choose the most suitable plan based on the resources intended for the website. Hostinger's web hosting plan, for example, has high-speed support right from the lowest plan and more control than Wix's Premium plan. In addition, you can speed up your WordPress website more thoroughly. This CMS does not have built-in image optimization features and CDN integration, so you need to add it by installing plugins like WP Smush. In short, if you put in the effort to optimize WordPress, the platform will be faster than Wix. If done right, WordPress will always make sure your site runs super fast. ___________________________________________________________________________________________________________ Ease of Use ___________________________________________________________________________________________________________ Most beginners don't want to spend too much time learning new skills. And this seems to be an advantage for Wix. Wix is a web-building platform with an instant interactive interface. So you can drag and drop charts, images, slideshows, shopping cart icons, and anything else anywhere on your website. You can also resize any element with just a few simple clicks through. I have a feeling Wix provides me with both an image editor for page editing and element styles. It all happens smoothly in the WYSIWYG interface. WordPress is also not too difficult to access. Once you are done with the installation on the web host of your choice, you will be taken to the WordPress administration. Creating articles and websites takes just a few clicks of your mouse. However, it will take a lot of work to edit these pages and make them look good. ___________________________________________________________________________________________________________ WordPress comes with a visual editor for writing content and theme customization that allows you to edit theme properties in a WYSIWYG environment. However, there is no drag and drop Page Builder available for WordPress by default. To have full control over the interface, users have to be familiar with some different sections such as customizer, navigation menus, visual post editor, etc. This means the WordPress platform requires a bit of knowledge for beginners. In terms of ease of use, it is clear that Wix has the upper hand over WordPress. Users don't need to spend a lot of time learning the platform or installing any plugins before they start building a website. In addition, with WordPress, users are required to have a basic understanding of it and may need to install plugins to build websites. __________________________________________________________________________________________________________________________ Security __________________________________________________________________________________________________________________________ The best condition is that you should choose an impenetrable platform. No one can access your sensitive data without your permission. However, in today's modern internet world, there is no 100% secure platform. What you can do is keep the risk to a minimum by choosing a platform with a reputation for security or by using different methods. Website builder platforms like Wix often have built-in security, because users can't touch the main functionality of the original code, so security weaknesses are less. These platforms are automatically updated, so you won't be using outdated software that fixes out-of-date software that contains discovered security holes. However, that does not mean that Wix is perfect in terms of security. It is also affected by past security holes. Even so, Wix is still considered a highly secure platform because this is not the case. __________________________________________________________________________________________________________________________ As for WordPress, the situation is a bit more complicated. This platform is used the most on the website, so it is the object that hackers like to touch the most. Just finding a small security hole can cause hackers to attack millions of sites. However, in reality, the WordPress platform itself is very secure. If you take some small precautions such as always updating your site, themes, and plugins whenever possible, you should be fine. WordPress and the community that uses it often publish patches to combat the latest threats. Plus, you can install additional plugins and configure advanced security. This also enhances the level of security for the website much more. When comparing security, I think both Wix and WordPress are tied, both are very secure. Wix has the strength of being a closed system, so you don't need to worry about security issues and passively depend on Wix's technical team. As for WordPress, it can be strong in a system with additional security features at any time, but you need to put in a bit of research and configuration. __________________________________________________________________________________________________________________________ Ecommerce Support ___________________________________________________________________________________________________________ Selling online is the important feature that most beginners look for. Let's compare Wix and WordPress to build a sales website. With Wix, you have the option to add an online store to your website. However, you can only add eCommerce when purchasing a paid plan. This means that without upgrading to the Business $eCommerce Plan (as low as $17/month) you won't be able to sell. This package includes all the features needed to sell products, although it has fewer add-ons than its direct competitor Shopify. There are a few third-party apps that help with online sales, but it costs you more because of the monthly fees. Not to mention you don't have an online payment gateway and the functionality is limited. Besides Wix Payments – Payment gateway built directly by Wix, users can pay via cash and credit cards, except UnionPay which is only available to some users. WixStores only supports a handful of payment gateways such as PayPal or Authorize.net. ___________________________________________________________________________________________________________ As for WordPress, it is very easy to create an online store using a plugin from WooCommerce. Currently, this application is running 42% of all e-commerce stores in the world. Besides, WordPress has other free eCommerce plugins to help users sell everything from services, products, subscriptions, events, and so on. Most e-commerce plugins for WordPress have dedicated themes, and many are specifically designed to work with those plugins. Compared in terms of e-commerce, it is clear that WordPress has the upper hand. If you want to build yourself an online store suitable for growth, this platform offers more flexibility and a variety of options. ___________________________________________________________________________________________________________ Creating blogs ___________________________________________________________________________________________________________ Both Wix and WordPress have their own advantages to support users who intend to create blogs. Wix offers most of the basic blog features: supports posts including categories and tagging, and has a free media archive like photos, videos, and GIFs. The Wix Blog app will allow you to add authoring and blogging directly from your mobile device. But Wix blogs after the public do not have their commenting system. Having to use Facebook comments looks unsightly and will attract spammers. WordPress itself comes from the ground up for blogging, so the platform offers most of the essential features like Wix and adds a few more, including the option to feature an image at the top of a post, the ability to back up the article or make it private so that readers cannot see it. With the recent version of WordPress 5.0, WordPress also integrates Gutenberg editor to help you create your layout for posts. But WordPress is missing one big advantage that Wix offers: it doesn't have a built-in free media library for posting. Instead, WordPress users will have to find free images on their own on online sites like Pexels or Pixabay. ___________________________________________________________________________________________________________ Pricing ___________________________________________________________________________________________________________ The cost of a platform is very important and so you need to know what you pay for. Wix and WordPress have very different payment methods. Let's take a look. Wix has four premium plans for personal websites and four premium plans for Corporate and eCommerce. Each plan starts with the cheapest price so you can upgrade in features and size as your work grows better. As with most packages, the longer you subscribe to the plan, the lower the monthly price will have to be. For example, the popular Wix Unlimited plan is $22/month, but the annual plan will be $17/month. If you do not choose to rent a Wix plan, you will be placed ads on the top and bottom of the page, and you will not be able to use your domain. For premium features like eCommerce, you'll need to upgrade to a rather expensive plan. WordPress is open-source, which means it's free for all users. However, with WordPress, you need to rent hosting and buy your domain name. The cost depends on your actual needs.  With the provided themes, you will save quite a bit of money. If you want to buy a premium WordPress theme and a premium plugin, that price goes up. Thus, in terms of price, Wix has something that will cause dissatisfaction for customers. WordPress is more flexible and can choose cheap or expensive web hosting depending on you, while Wix is limited to a certain number of plans for you to choose from. ___________________________________________________________________________________________________________ Data Migration  ___________________________________________________________________________________________________________ Moving a website or switching from one platform to another is quite an important issue. Because sometimes after a period of use you will feel it is not suitable or want to upgrade. Let's take a look at Wix and WordPress which are easier website migration platforms. With Wix, data migration to another platform is very limited. You can only export posts to XML format. You need to manually download your pages, videos, images, and other content. According to Wix documentation, all your content will be stored exclusively on Wix's servers and cannot be output elsewhere. In order to re-platform, you need help from a reliable shopping cart migration service. As for WordPress, data migration is too easy. Just click to backup all content in your website to export all content in XML format afterward. Since it's a self-hosted platform, you can make complete backups of everything you've uploaded, done… You can download articles, images, source code, or even your website's database. Moreover, with the current backup plugin, backing up or moving the database is quite simple. Therefore, it is very easy for you to switch hosting, nothing difficult. WordPress completely wins Wix in shopping cart migration. This service is available at Next Cart. ___________________________________________________________________________________________________________ Summary ___________________________________________________________________________________________________________ Advantages of Wix ___________________________________________________________________________________________________________ A lot of people think of Wix as a platform just for beginners. But in my opinion, its features far exceed expectations: Extremely easy to use. Designed to help create attractive websites with a website builder with a convenient interface. Automatically secure and optimize performance. The platform has integrated 3rd party applications and good customization support. When comparing WordPress vs Wix, we recommend Wix if you need to quickly create a website without too much management.    ___________________________________________________________________________________________________________ Advantages of WordPress ___________________________________________________________________________________________________________ It is no coincidence that WordPress rose to be the CMS with the largest market share in the world. Some of the reasons are their following advantages: An easy-to-use platform for newbies, but also supports many features for experienced programmers. The platform is infinitely scalable, thanks to its open-source nature and a large number of themes and plugins. There are many options to manage large amounts of content. You have full control over security, performance, and hosting. "WordPress vs Wix: Which Is Right For You?" This is really a difficult question when each platform has its own advantages. Besides, depending on your own goals and qualifications, I hope the information I give is useful! ___________________________________________________________________________________________________________ Closing Thought ___________________________________________________________________________________________________________ Creating a website takes work, of course, but if you choose the right platform, the process can be more fun than you think. Wix, helps you create websites quickly, thanks to its powerful and intuitive page builder tool. But, you will have a hard time using it for a high-end project or requiring special features. On the other hand, researching using WordPress will be better because surely the effort you spend is not much compared to what you create in the future. This platform is suitable for you to build any website. Those are my opinions on Wix and WordPress comparison. Thanks for reading!