Is Cannabis Extraction The Future Of A Multi-Billion Dollar Industry?
With one year of legal adult use cannabis sales in Colorado and an additional four states and Washington D.C. voting to legalize the recreational use of marijuana, headlines have prompted increasingly bigger waves of investment in the semi-legal industry. By the presidential election of 2016, Arcview Market Research estimates 11 more states will have legalized adult use cannabis, giving the above ground national cannabis market a $10 billion value by 2018.
As more states move towards regulating both the medical and recreational cannabis markets, demand has driven a steady move from raw cannabis to extracted cannabis concentrates. These concentrates have not only boomed in popularity—comprising between 30 and 60 percent of legal market sales—they have blasted their way through residential neighborhoods and onto local news headlines across the country. Amateur extractions have been responsible for at least a handful of deaths and a greater number of dangerous explosions in the residential neighborhoods where they extract.
While many purist cannabis activists strongly push for the right to grow-your-own in any legislation, most advocates and industry stakeholders agree that extract production must be heavily regulated because the market will thrive regardless.
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With one year of legal adult use cannabis sales in Colorado and an additional four states and Washington D.C. voting to legalize the recreational use of marijuana, headlines have prompted increasingly bigger waves of investment in the semi-legal industry. By the presidential election of 2016, Arcview Market Research estimates 11 more states will have legalized adult use cannabis, giving the above ground national cannabis market a $10 billion value by 2018.
As more states move towards regulating both the medical and recreational cannabis markets, demand has driven a steady move from raw cannabis to extracted cannabis concentrates. These concentrates have not only boomed in popularity—comprising between 30 and 60 percent of legal market sales—they have blasted their way through residential neighborhoods and onto local news headlines across the country. Amateur extractions have been responsible for at least a handful of deaths and a greater number of dangerous explosions in the residential neighborhoods where they extract.
While many purist cannabis activists strongly push for the right to grow-your-own in any legislation, most advocates and industry stakeholders agree that extract production must be heavily regulated because the market will thrive regardless.
More http://bit.ly/1cFPeJv
'via Blog this'
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