The race is on to find a synthetic form of cannabis that would make it easier for pot producers to tailor their products to each individual user’s desires.
The future of cannabis consumption may not involve the cannabis plant at all.“Years from now, most of the [major cannabis producers] aren’t going to grow a single plant,” Boris Jordan, founder of investment firm Measure 8 Venture Partners, said Tuesday at the GMP Securities 2019 Global Cannabis Conference in Toronto.
Edibles saw a small increase in market share over that time period, but the bulk of the benefit went to vapes, oils and other cannabis concentrates. Light predicted that the flower-based share of the market in Colorado will eventually fall to 30 per cent. From 2014 to 2017, the average price of one dose of cannabis in any form in Colorado fell from US$4.50 to US$1.90. Wholesale prices have been hit even harder.CBD oil has seen an explosion in popularity in places where cannabis has been legalized. Jason Wild, president of JW Asset Management, noted that beauty salons in Florida are starting to stock CBD products in their display cases. Even his 75-year-old mother has recently started using it to treat knee pain.
According to Olaru, 92 per cent of the site’s reviews are for flower-based products, while only eight per cent are reviews of oil-based products. New consumers of any age are also more likely to use CBD as a gateway to other cannabis products, which Olaru said may be because of its low THC content. More serious cannabis users are more likely to want high THC levels at lower prices.Most experts speaking at the conference agreed that attempts to produce a stable, synthetic form of cannabis could be a major game-changer for the entire industry.
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