17 Sep How The Cannabis Industry Is Revolutionizing The Beverage Sector
The cannabis industry is going through the critical phase as more and more states are legalizing the use of medical marijuana. A few years back, people were imposed with big penalties for the use of marijuana, and now farmers can grow marijuana legally in some states. A few years back, only CBD oils were available, and now you can buy CBD edibles and cannabis-infused foods and chocolates. In simple words, the industry is making changes for good.
The Growth of Cannabis Market
The use and demand for CBD edibles and cannabis products are increasing. The size of the market for the adult use of marijuana was $12 billion, according to a report in 2018. These numbers are expected to reach $32 billion globally in 2022. The market consists of CBD oils and cannabis infused products. The use of these oils and health benefits is attracting more consumers with different likings and performances. The increasing demand and the diversity of the target market require the market to be a little bit more creative about the consumption forms.
EBD Edibles and Beverages
For the different consumers, the CBD products were modified to meet the requirements of the common public. Now, you can add CBD oils in food or can drink cannabis wine, thanks to the researchers and the manufacturers. The sale of CBD infused edibles is allowed in some states of the USA.
In California, cannabis beverages and cannabis-infused food items are legal. Unauthorized sellers and vendors are not allowed to do business with CBD food products in other states of the USA, where marijuana is not legal yet.
Cannabis Revolutionizing the Beverage Industry
The beverage industry has been very quick and responsive to introduce CBD drinks. Almost all the major beverages brands have shown their interest in the CBD drinks and cannabis wine. Many investors have invested billions of dollars in the launch of CBD beverages. Red Blend x Headband and Chardonnay x Sour Diesel are two cannabis infused wines that are available in the market. The authorities are making changes in the law regarding the legalization of CBD as the additive for the food items.
Future of the CBD Industry
The increasing demand for products of cannabis infused drinks and food items is going to revolutionize the CBD industry too. In the upcoming years, a huge increase in the demand for cannabis wine and other products is expected. Many new producers have also applied for the license for the legal sale of CBD and cannabis edibles. As the applications get approval, the manufacturing power of the CBD industry will double.
With the collaboration of beverage companies and cannabis product producers, a promising future is waiting. If the use of marijuana is legalized in other states, too, the scene of the market will be totally different. The limitation of medical and adult marijuana is going to end soon, and then both cannabis edibles and cannabis drinks will be available nationwide.