As the cannabis industry matures, the cannabis-infused beverage segment is expected to offer fierce competition to other types of cannabis products. Market experts project that the segment will grow at a compound annual growth rate of 16% to achieve a valuation of $2 billion by 2026. Canada, which first allowed the production and sale of cannabis beverages in late 2019, has proposed a policy change that would allow consumers to purchase more cannabis beverages at one time. The federal government has asked for public comments regarding a proposed change in cannabis regulation that would increase the number of cannabis beverages consumers are allowed to purchase at a time eightfold. At the moment, the country’s equivalency rates allow individuals to possess up to 30 grams of cannabis flower but only about two liters of marijuana-infused beverages in public. According to Health Canada, the equivalency rates place limits on the possession and sale of cannabis-infused beverages that other classes of cannabis products don’t have to deal with. The proposal plans to increase the possession limit for marijuana beverages from 2.1 liters to roughly 17 liters. This will increase the number of marijuana beverages equivalent to one gram of dried cannabis flower.
CannabisNewsWire, 03/24/2022 04:20:00