A few decades ago, the legal cannabis market was dominated by flower and hash products. Then, the industry experienced a shift. Now, retail dispensary shelves are filled with a variety of extract options. According to scientific studies, extracts are more effective than their plant-based counterparts and many consumers argue are easier and more convenient to consume discreetly. Formerly a very narrow niche in the industry, the portability, and potency of extracts continue to rapidly expand. Market reports show cannabis extracts are eclipsing flower sales in several markets even though traditional flower sales previously stronghold on the market for years. Many industry insiders credit new technologies and techniques to enabling producers to cultivate a wider variety of extracts in more efficient and effective ways. According to a recent report from Grand View Research, extractions alone could make up $28.5 billion of the global cannabis industry by 2027.
CannabisNewsWire, 08/21/2020 04:20:29