Cannabis Extract Use On the Rise

Cannabis extract products such as concentrates, vapes, topicals, and edibles have comprised 57% of legal cannabis sales so far this year. That’s according to BDSA, Brightfield Group and New Frontier Data. Cannabis extract sales should make up $10.2 billion of the $18 billion in total legal sales for 2020.

Among extracts, vapes are the most popular (32%) — even after the scourge of vaping illnesses last year. Edibles are next (13%).

Since 2019, sales of edibles and topicals have grown by 37%. Some of it is driven by new cannabis markets in midwestern states, according to the research firms.

Read more at Green Entrepreneur


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Policy

Wednesday, January 27, 2021 - 08:37

The state’s Bureau of Cannabis Control (BCC) has updated regulations governing billboard advertisements after a judge ruled they violate the law on highways that cross state borders.