Once the fastest-growing product category in cannabis, vapes were the focus of the industry’s first public health crisis with the appearance of E-cigarette and Vaping Product Associated Lung Injury (EVALI) in late summer 2019. Despite seeing ups and down in the first half of 2020, in part due to the impact of COVID-19, vape sales are on the rise again, and are likely to surpass summer 2019’s peak in sales by the end of 2020.
How many products contain cannabis? Hundreds. Flower – of course – and pre-rolls. Vape pens and concentrates like shatter and Live Resin. Creams and massage oils. Chocolate chip cookies, coffee sodas, pills, strawberry taffy, powders for adding to hot tea or cold juice. Companies are rolling out myriad new products in pot-friendly states every week — it’s remarkable.
The path towards California’s cannabis pot of gold may be lined in green — moolah and ganja. But the legal commercial ferment could even be more effervescent - the pot of gold that much heavier - if not for regulations and taxes.
During January of 2016, vape pens were on a healthy roll in Colorado. Sales had more than doubled compared to January of 2015, rising from $1.93 million during the month in 2015 to $5 million a year later. During the same period, the market share for vape pens had ballooned from 16 percent to 25 percent.
By Rob Hill | January 9, 2017 | MG Retailer