Tuesday June 30
in todays report
Weed Sales In the US Are Projected to Surpass $15 Billion by the End of 2020
Retail weed sales are booming in the United States — so much so that we're actually on pace to hit $37 billion by 2023.
Retail cannabis sales in the United States are on pace to surpass $15 billion by the end of 2020, according to Marijuana Business Daily (MBD). That’s an increase of nearly 40 percent over last year. The site further reports that US sales of both medical and recreational marijuana might surge as high as $37 billion by 2023.
New medical marijuana markets, such as Florida, Maryland, Oklahoma, and Pennsylvania, are allegedly ablaze with sales. In Oklahoma alone, more than 8 percent of the state’s entire adult population is registered to legally use medical cannabis. As a result, Oklahoma is expected to bypass $1 billion in pot sales next year. So is Florida.
Finally, the latest pot sales numbers seem to indicate that young people, as always, just “get it.” As Marijuana Business Daily reports: “While there’s no definitive answer, data suggests consumers from Generation Z – those born in 1997 and later – and consumers who continue to transition out of the illicit market and into the licensed, legal channel contributed to the growth.”
Cw Analytical and Vertosa Announce Cannabis Infused Beverages Breakthrough
“The combination of new emulsion technologies and creative new analytical methods have dramatically improved accurate potency delivery and product quality of Cannabis beverages,” says Dr. Robert Martin, CEO, Cw Analytical Laboratories. “Vertosa and Cw Analytical have accomplished a technology and analytical methodology that solves the problem of inaccurate infused beverage dosing for consumers. Infused beverages from the marketplace have shown THC contents may significantly vary from product labeling.”
The current US infused-beverage market is forecast to be $2.8 B by 2025 (MarketWatch 4/2020).
Nanoemulsion: an advanced mode of drug delivery system
Nanoemulsions are a colloidal particulate system in the submicron size range acting as carriers of drug molecules. Their size varies from 10 to 1,000 nm. These carriers are solid spheres and their surface is amorphous and lipophilic with a negative charge. Magnetic nanoparticles can be used to enhance site specificity. As a drug delivery system they enhance the therapeutic efficacy of the drug and minimize adverse effect and toxic reactions.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4362737/
According to the U.N., the pandemic and subsequent lockdown has raised demand for cannabis, with a particular rise in Europe.
https://thefreshtoast.com/cannabis/dark-web-marijuana-purchases-soar-during-pandemic/
The U.N. also noted that marijuana remains the main drug that causes people to enter the criminal justice system.
UNODC World Drug Report 2020: Global drug use rising; while COVID-19 has far reaching impact on global drug markets
“Vulnerable and marginalized groups, youth, women and the poor pay the price for the world drug problem,”
https://greencamp.com/nanoemulsion-the-hottest-new-trend-in-the-cannabis-beverages-industry/