Once vaping cannabis extracts is legalized in the fall, analysts expect vape-pens and other related technology for vaping extracts to occupy a sizeable share of the market. LPs are enthused because the retail price of extracts is nearly ten times that of dry flower, but everyone’s rushing to get ready in time.
Selling packaging to cannabis producers is big business. With edibles, beverages, extracts, and topicals about to come on the market, the cannabis-packaging industry will get more complicated, but no less lucrative. Here’s a chart of how many grams of packaging each LP uses to hold a few grams of flower.
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Baked Edibles founder Brandon Wright, now CEO of legal edibles maker Dynaleo, warned the cannabis industry does not yet have a unified system of testing standards and methodologies for already-legal products. Noting inconsistent standards led to public wariness of edibles, Wright warned that the approach of ingestibles legalization will likely overwhelm the testing system.