Cannabis has come a long way to become the multi-billion industry it is now. It could be worth $35 billion by next year. Overcoming the stigma and false reporting in the previous years, it has definitely grown to be a leading industry and a source of livelihood for many across the globe.
Back in the year 1996, California became the first state to legalize the use of cannabis in a landmark ruling that sent waves all over the world. Since then, 10 states in North America have legalized its recreational use and 33 have legalized its medical use.
With the coming of the age of information, mainly through the internet, a lot more people are now armed with facts about the plant and are now aware of many of its uses and properties. With more knowledge came more popularity and with more popularity came more business ideas. Innovation knocked on the door of the industry and brought with it some amazing cannabis products. Here is a list of the current best-selling ones.
Cannabis Skin Care Products
Cannabis has found its way to the beauty industry through research and testing. This was made possible by the legalization of its medical use. New cannabidiol products are emerging regularly and taking over markets all over the world. Being a natural extract, it has appealed to many who saw manufactured chemicals as a gateway to poor health.
Cannabidiol is extracted from the plant in its natural form and is a non-psychoactive compound. It is used to treat acne, dry skin, and psoriasis. It also contains anti-inflammatory properties.
Though not as successful or popular as the cannabis skin care industry, beverages are on a steady rise in their popularity. Cocktails mixed with cannabis have grown to become a popular drink especially in Los Angeles where its recreational use is legal.
As more states legalize cannabis for recreational purposes, the more popular beverages grow. There are other examples of beverages such as cannabis-infused coffee which is ideal for reducing anxiety.
Cannabis Dog Food
Cannabis is well known for its ability to reduce anxiety both in humans and in animals. Many dogs suffer from anxiety attacks, mainly because of their pack mentality. Getting separated from the ones they consider part of their pack sometimes causes dogs to suffer from anxiety.
Cannabis treats help calm them down. Manufacturers are keen not to include harmful amounts of THC in the treats. Limited research on the matter of animals and cannabis, means that there is no exact figure on how much you should give your dog over a particular period of time.
Chocolates are one of the most popular cannabis products today. Mainly used for recreational purposes, they have been best sellers for a while. Many users prefer cannabis edibles to smoke due to reasons such as stigma from others and the odor of the smoke.
Manufacturers also have an easier time advertising chocolate than many other edibles or cigarettes. Chocolates come in a variety of shapes, sizes, and tastes, thus, making them easier to sell and more profitable. Because edibles are considered recreational, their selling and distribution are restricted to states that have legalized recreational use of cannabis.
These are edibles but in the form of candy or sweets. Cannabis gummies have become so popular that they are sold in a number of stores on the shelves. The difference with other sweets is that they have a label written CBD (cannabidiol). They are of course sold only to people at or above the legal age.
They come in different shapes, sizes, colors, and flavors giving a marketing edge over other cannabis edibles. Due to their resemblance with a regular candy, gummies have faced a few legal barriers in order to keep them out of the reach of children. They are however allowed in states that have legalized cannabis.
Also known as cannabidiol or CBD, it is one of the most legal cannabis products in the industry. Unlike THC, CBD is not psychoactive, which means it won’t get the user high. Cannabis oil has built a name for itself in a number of ways and as a by-product of this, growing its popularity among cannabis users. Some of its uses include:
Scientists have recently discovered that cannabis contains pain relieving properties. Research has shown that CBD and THC reduce pain and inflammation when used together. Arthritis patients are beneficiaries of this property of cannabis.
Depression and anxiety are some of the well-known mental illnesses. they are commonly treated with drugs that cause side effects such as insomnia and agitation. Some anti-depressants like benzodiazepines lead to drug abuse as they are highly addictive. CBD has continued to show prowess in dealing with depression and anxiety without any major side effects.
Cancer Related Treatment
Perhaps its most famous property. CBD, due to its pain-relieving ability, is cheaper to purchase as compared to mainstream cancer medication. It also helps to reduce the nauseating effects of chemotherapy.
Though still in its testing stage, CBD has shown an ability to combat breast cancer cells in mice.
They are popular for their CBD content more than for recreational use. However, some capsule users prefer it for recreational use because it does not come as a snack or a drink, just a simple pill to get the same recreational effect. They swallow it like a medicine pill and that’s it.
Resin is made by freezing the plant in order to preserve its flavor. It is a very psychoactive edible, more so than many others. It is generally used for recreational purposes. The high amount of THC contained in live resins makes it a very popular choice among users.
The sales of vapes increased by 69% in the year 2018 making it a best seller among cannabis accessories. Smokers prefer vapes for the sophistication and neat look that comes with them. Not to say traditional smokers are unkempt but vape seems to have a tidier air to it. Perhaps because of the stereotype peddled in earlier years about cannabis users and cleanliness.
These are dietary supplements that contain cannabidiol in liquid form. Usually taken in very small doses due to the high alcohol content, they last for quite a while compared to other cannabis products. They are generally used for recreation.
The Growth of the Industry Has Given Rise to New and Innovative Cannabis Products
Cannabis is making quite a lot of waves across multiple industries the world over. Many more countries are in the process of legalizing its use, therefore, business growth is inevitable. Regulation is however paramount so as to avoid poor business practices, control its use and earn the government taxes. Be sure to contact us for expert advice and much more on the use of cannabis.