Global Cannabis-Infused Edible Products Expected To Grow +25% CAGR 2018-2022

IRELAND: Analysts forecast the Global Cannabis-Infused Edible Products Market to grow at a CAGR of 25.01% during the period 2018-2022, according to the recently published “Global Cannabis-infused Edible Products Market 2018-2022” report.

Cannabis-infused edible products comprise of liquid edible or a drinkable. It is a cannabis product that comprises cannabinoid compounds such as cannabidiol (CBD) and tetrahydrocannabinol (THC).

The report covers the present scenario and the growth prospects of the cannabis-infused edible products market. To calculate the market size, the report considers the revenue generated from the sales of cannabis-infused edible products.

The increasing number of countries decriminalizing cannabis will be a key trend driving the market growth. Several nations have decriminalized the use of marijuana both for recreational and medical purposes. In 2016, Canada legalized the use of marijuana for both recreational and medical purposes..

The growing social acceptance of cannabis will drive the market growth. The growing demand and growth of the cannabis market influences the sales and revenues of major corporations. Also, the increasing social acceptance of recreational marijuana and cannabis-infused edible products globally offers high growth opportunities to the vendors.

The report states that the lack of funds and investments in cannabis sector will impact the market growth. Numerous investment organizations decline to provide investment and loans to vendors in the legal cannabis industry. Vendors struggle to increase their profit margins due to lack of support from government organizations and high-interest rates of the private sector.

Companies Mentioned

  • Bhang Corporation
  • Cannabis Energy Drink
  • KIVA CONFECTIONS
  • Mentor Capital
  • VCC BRANDS

Medical Marijuana Edibles Debut In Illinois

ILLINOIS: Edible medical marijuana made its Illinois debut Saturday, ending a wait for patients who prefer eating to inhaling. To some, cannabis-infused foods seem milder than smoke or vapor, but the products carry their own risks.

It takes longer to feel the effects when marijuana is eaten, so it’s easy to eat too much with unpleasant — or even dangerous — results.

“As exciting as bringing edibles to market is, we want to make sure that every patient takes small portions, and wait at least an hour before taking more, until you understand and get comfortable with consuming medical cannabis in its edible forms,” said Ross Morreale, owner of Ataraxia, an Illinois company with marijuana chocolates hitting the market.

Under the state’s pilot program, edible products must be manufactured by licensed cultivation centers, the same businesses growing cannabis in locked indoor facilities. Ataraxia shipped marijuana chocolates to two dispensaries, which will start selling them Saturday, Morreale said.

Edibles Fire Sale: Why Pot-Infused Treats Are So Cheap

COLORADO:  While coupons and promotions are all the rage at marijuana shops throughout Colorado, it’s still rare to find aggressively priced deals on pot just 13 months after legal recreational sales first began.

But a looming regulatory deadline has inspired a fire sale on many cannabis-infused edibles — driving more customers to pot shops than normal.

When new regulations take root on Feb. 1, the companies making and selling recreational edibles can only push products that are compliant with the new rules on packaging and serving size. Since many edibles on pot shop shelves will soon be destroyed if they’re not sold in time, the prices are in customers’ favor.

“I’m running a bunch of ads in magazines and newspapers advertising blowout sales, trying to get stuff moving,” said Jamie Perino, who owns the Euflora marijuana stores in Denver and Aurora. “I’d rather run out and have shelves empty than have a bunch of product on the shelves that needs to be destroyed.”