Cannabis vapes and edibles have seen a surge in business this year as millions of people went into lockdown around the world.
This meant that the cannabis supply chain saw an unexpected surge that they weren't ready to handle just yet and some smaller companies sold out of their products for a short time because of that switch in demand.
Overnight they saw a dramatic rise in orders for online customers and suddenly needed to start shipping out thousands of items. After that rise in shipping demand there were also back-orders, waiting lists that started to spring up, and expected multi-week delays with shipping.
Those cannabis businesses who offer online sales and vape products etc, they weren't ready for that change in demand, just like many other businesses weren't ready either for their own uptick in business.
Some cannabis companies saw more than a 70 percent rise in demand for their products and for millions they were going for thc vapes and edibles.
The demand for cannabis vapes is expected to continue going strong through the rest of the year. Especially considering that many have cancelled their remaining holiday plans and are going to be staying at home for the last few weeks.
There are some cannabis companies this year that are seeing historic sales and vapes remain the 2nd strongest category in the cannabis market after flower and right before edibles.
The worldwide vape market is expected to reach more than $60 billion between 2020-2025. After all of the negative media attention over the 'vaping crisis' in the last several years, vape sales started to take a dive but perhaps that perception isn't going to be a lasting one and demand is already starting to turn around. Those companies that continue to put out quality products are going to be the ones to help change that perception as well.
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