Over the next couple of years as the cannabis market starts to fully bloom within the United States and Canada, the public is going to see a huge spike in pot concentrate products like waxes, oils, and shatters. One vape pen brand’s CEO of personal vaporizers, predicts that these concentrate products will grow to overshadow the sales of raw cannabis buds as the market starts to flourish. We here at Dream Steam THC oil pens tend to agree.
Major players in the industry all agree that concentrates are a growing movement that will only continue to expand under the weight of high demand. Ry Richard, a columnist for the largest pot editorial in the state of Colorado, called The Cannabist, is just one of the main players in the industry who sees the potential from concentrates.
The state of Colorado is one of the few where recreational cannabis consumption is allowed by state law, although it remains illegal at the federal level. While experts like Richard believe the market is going to shift toward these more potent products over the next few years, there is a looming threat from the state legislature that would limit the THC content of all concentrates to a mere 16 percent. Any such measure is unlikely to pass, however, since most raw buds of the highest quality eclipse that 16 percent mark without any processing whatsoever.
The advances in the field of marijuana research and development have allowed for better consistency, higher THC content, and better terpene retention within the extracts. As these technologies continue to advance, concentrates will only grow more popular than they already are in their current infant stage. Some believe concentrates will outpace cannabis bud sales by as early as 2017.
Most people in civilized society have taken some sort of daily dietary supplement, whether in the form of vitamins, minerals, or perhaps some sort of superfood. The market for dietary supplements seems to be constantly shifting and growing as new consumption mediums are created and perfected, and many industry professionals expect cannabis to join that market once concentrates become more mainstream as marijuana is legalized at the state level throughout more of the United States.
Most recreational marijuana users are only partially aware of the incredible effects that can be achieved with the use of concentrate materials. The medical value of cannabis is currently thought to exist primarily within Cannabidiol (CBD), which is a secondary cannabinoid compound found within marijuana. Unlike THC, CBD is not psychoactive, which means it does not produce a ‘high’. However, the substance is already being used in concentrates to treat a number of medical conditions, and research indicates the compound could be used to treat a number of serious ailments like Parkinson’s and Alzheimer’s disease.
If CBD eventually makes it to the mainstream market as a general dietary supplement for preventing certain diseases, it is likely to become ingrained in the daily life of millions of people across the globe, possibly billions. Some dispensaries and recreational shops in legalized states are already seeing a sharp uptick in concentrate sales. Before the industry started taking shape, concentrates accounted for roughly 20 percent of cannabis consumption, but some stores are reporting their extract sales have more than tripled over the recent years. In many cases, concentrate sales already surpass raw bud sales.