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Cannabis Business Insights | Tuesday, June 25, 2024
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The cannabis market is undergoing significant innovation in extracts, concentrates, vape oils, edibles, full-spectrum extracts, eco-friendly extraction methods, and personalization for convenience and potency.
FREMONT, CA: The cannabis market is experiencing significant innovation, particularly in the area of extracts and concentrates. These potent products are increasingly favored by consumers seeking specific experiences and effects.
Consumer Trends: Potency, Personalization, and Discretion in Cannabis Extracts
The increasing popularity of cannabis extracts can be attributed to potency, which is a significant factor; concentrates provide a much higher concentration of cannabinoids, notably THC, compared to traditional flowers. This heightened potency appeals to experienced users seeking more pronounced effects. Personalization is driving demand as extracts allow for a tailored experience. Consumers can select products based on specific cannabinoid profiles—such as THC-dominant, CBD-dominant, or balanced—and terpene profiles, influencing the aroma and potential effects. Lastly, discretion plays a crucial role. Concentrates like vape oils and edibles offer more discreet consumption methods compared to smoking flowers, appealing to those who prefer a less conspicuous option.
Popularity of Specific Extracts
Among cannabis extracts, vape oils dominate the market due to their discreet and convenient nature. They provide a rapid onset of effects and come in various flavors and potencies. Shatter, wax, and budder, known for their high potency, are preferred by experienced users who appreciate the control over dosage these dab concentrates offer. Edibles are also experiencing explosive growth, driven by their ease of use, discreet nature, and long-lasting effects. Consumers increasingly seek edibles with specific dosages and a broader range of flavors and product types, such as gummies, chocolates, and beverages.
How Extraction Influences Appeal
The extraction method significantly impacts the final product's appeal by affecting purity, potency, flavor, aroma, and consistency. For instance, hydrocarbon extractions can produce highly potent concentrates, while CO2 extraction methods often preserve a more comprehensive range of terpenes, leading to more flavorful and potentially well-rounded experiences. Terpenes, the aromatic compounds in cannabis, play a crucial role in taste and can influence effects. Specific methods, like live resin extraction using fresh-frozen cannabis, are renowned for preserving a robust terpene profile, resulting in a more flavorful product and potentially enhancing the entourage effect—the combined effect of cannabinoids and terpenes. The extraction process also determines the final consistency of the concentrate. For example, Butane Hash Oil (BHO) can produce shatter, wax, or budder, each with its ideal consumption method, such as dabbing, while CO2 extraction often yields a thinner oil suitable for vape pens.
The Future of Cannabis Extracts
As the cannabis industry evolves, consumer preferences for extracts will likely continue to develop. Future trends may include focusing on full-spectrum extracts that preserve a more comprehensive range of cannabinoids and terpenes for a more well-rounded experience. Innovations in edibles are expected, with a broader variety of formats, microdosing options, and potentially faster-acting products. Additionally, sustainability concerns are becoming more prominent among consumers, potentially leading to a rise in eco-friendly extraction methods that utilize recycled materials or alternative solvents.
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