AVD recently sponsored and contributed to an industry report called Cannabis Vaping: Opportunities in an Uncertain Future.
The publishers, Arcview Market Research and BDS Analytics are arguably the foremost experts on the cannabis markets.
So, if you are in any way involved with cannabis vaping, we think this report is worth checking out.
You can follow this link to download a free copy of the executive summary from BDS Analytics.
In case you were wondering, we earn no commission from any sales!
The publishers use actual consumer data from the largest US markets. And based on these data-sets, they build the case for the future of vaping.
Looking back, 2019 will go down as the year in which cannabis vaping gained a significant market share of overall cannabis spend.
But sadly, 2019 will also be marked as a year marred by what is now known as EVALI, or ‘e-cigarette or vaping product use associated lung injury.’
So, in the aftermath of the vaping crisis, where to next for the industry?
EVALI has dented the rapid growth in vaping product sales. But whether the impact is short-lived, remains to be seen.
Something the publishers analyze in-depth.
Here are some of the report highlights we think you will find useful in your strategic planning:
> Sales comparison between i) vapes, ii) other concentrates, and iii) other cannabis from 2014.
> A comparison between inhalables, top edibles, and topicals in adult-use vs. medical-only markets.
> Ranking the 8 reasons consumers give for their preference of inhalable products.
> How vaping brands can differentiate and position their marketing in light of EVALI.
> Market share comparison over 5 years between distillate, oil, and live resin cartridges.
> The pricing sweet spot for vape products.
If there is a silver lining from the EVALI crisis, it’s that there will be an increased emphasis on testing not only the ingredients going into cartridges but also on the safety of the vape delivery systems.
We have little doubt that industry regulations will ultimately require the full disclosure of the components used in and the testing of all oil touching parts in vape hardware.
You can visit us online to find out more about AVD’s processes and material selection to manufacture safe vaping devices.