Did you know the term “420” is in the Oxford English Dictionary?
“People always asked where it came from, and none of the explanations were very good,” says Katherine Connor Martin, product director for Oxford Languages at Oxford University Press. “So it’s very pleasing that the record of the English language now records what seems to be the genuine origin of the term.”
Next question: Have you heard of the Waldos? They may be the ones to thank for the term and associated holiday of April 20, also known as 420 (4/20, 4:20). With many rumors, assumptions and theories, this group has worked to put themselves at the forefront of the question: What’s the history of 420?
What’s the history of 420?
Martin says there was solid evidence showing “the Waldos,” a group of California students in the 1970s with ties to the band the Grateful Dead, popularized the concept of “420” as a reference to the afternoon time to meet up and consume. “We have a watch list of words that we think should be added, and as they get enough evidence, we add them,” she says. “This had been on the list for awhile, but it’s become more prominent, and it’s become more mainstream, since the legalization.”420 in the cannabis industry 2024
Have you ever wondered to yourself, is 420 a holiday - officially? Not yet, but it certainly gets celebrated across the nation. But as legality and commercialization sweep the nation, altering the cannabis industry’s climate, what will 420 celebrations look like in 2024? For decades, Hippie Hill in San Francisco has been the go-to spot for one of the largest 420 gatherings in the world. The celebration was an unofficial gathering that drew thousands of cannabis lovers and protesters to the park for drum circles and smoke sessions. However, over the years, the once-humble gathering grew into an uncontrollable crowd with fights and underage smokers, resulting in city crackdowns and a commercialized event. Unfortunately, 4/20 Hippie Hill will be canceled in 2024 due to city budget cuts. Instead, San Francisco is hosting a “Weed Week,” during which top growers and unreleased strains will premiere at consumption lounges across the city. Of course, there will be hundreds of other events throughout the nation, including Phoenix’s Buds-a-Palooza, MileHigh 420 Festival in Colorado, Nevada’s 420 State Fair, Oklahoma’s Chronic Palooza and more.2024 cannabis industry predictions
Those in the realm know 420 is a huge day for cannabis sales, but what does the rest of the year hold for the cannabis industry 2024?-
Cannabis Sales Will Reach More Than $40 Billion in 2024
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Cannabis Will Be Not Be Rescheduled to Schedule III Substance
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Cannabis Drinks Will Be #1 in Cannabis Product Sales
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Hemp Products Will Continue to Grow in Popularity
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More Microdose Cannabis Products Will Appear
States that may potentially legalize cannabis in 2024
Legalization by state is always a big topic, which can determine the next year and more for the industry. As new markets open, adjoining states that have long-since legalized feel the effects. Considered likely to pass legalization in 2024:- Florida (Provision needs 60% of votes on November ballot for legalizing recreational marijuana)
- Nebraska (Polling shows 70% are in favor of legalizing medical cannabis)
- Hawaii (Senate approved adult legalization bill in early March)
- South Dakota (Needs 12,500 signatures by May in order to make it to the November ballot)