Over the next decade, you’d probably struggle to find a faster-growing industry than legal marijuana. According to some estimates, after generating less than $5 billion in worldwide sales in 2015, the legal cannabis industry is expected to grow into a $200 billion-a-year business by the end of the next decade. That’s growth that has Wall Street and investors rightly excited.
Also generating a lot of buzz is the upcoming launch of derivative cannabis products in our neighbor to the north. Derivatives — i.e., edibles, infused beverages, vapes, topicals, and concentrates — are set to hit dispensary shelves in Canada by mid-December, which is important since these products have considerably juicier margins than dried cannabis flower. Derivatives are also a more attractive means of appealing to a younger generation of pot users.
The promise and early-stage peril of vape products
Among derivative marijuana products, none is