Vape Sales Soaring into the Clouds
Due to the legalization of marijuana in some states, there is no doubt that legal marijuana is the fastest growing industry in the United States. As other states follow along with legalizing marijuana, financial experts predict legal marijuana being a $30 billion industry by 2020.
The number of vapers has increased rapidly from about seven million in 2011 to more than 40 million in 2018. Statistics also shows that the number of adults who vape will reach almost 55 million by 2021.
For every product that does very well in the market, there must be other secondary services and products that will benefit from the growing market. As for this case, the vaporizer industry is experiencing big sales, thanks to the legalization of marijuana in some states.
Reasons for increasing sales of Cannabis vaporizers
Healthier way of consuming cannabis
Since vaping does not produce harmful substances while heating, it is said to be much healthier than other forms of consuming cannabis. Hence, that also explains why many people today are embracing the use of vaporizers.
Vaporizing cannabis provides a great alternative for consuming marijuana since it disperses the portion of the herb throughout the body without allowing any harmful toxins to enter the system.
Best choice for beginners
Vaping comes in handy for many beginners because it only requires the user to take short puffs. This way, many beginners find it more beneficial than smoking. Vaporizers can also be consumed with a group of people hence making it more enjoyable.
Now more cannabis users are adopting the use of vaporizers because it makes it easy for people to vape in public places. Marijuana users tend to love vaporizers since it offers them the comfort of consuming cannabis without many people realizing what is in the device.
Improved taste and effect
Many people who consume marijuana through vaping say that it lasts longer and has more intense effect on them. These individuals also claim that vaping cannabis doesn’t produce a strong smell; hence it can be used comfortably. This can be a great alternative especially if the person doesn’t want people around them to smell the odor of weed while they consume it.
Benefits of increased vape sales
As the vape industry continues to grow gradually, two things naturally occur: investments and job creation. Experts have claimed that vaporizer market growth will naturally coincide with legal marijuana’s growth, if the legal marijuana industry grows significantly within 5 years.
Suppliers must be in place to supply the rising number of consumers as the demand for best vaporizers continue to grow. More people will get employed due to the rapid expansion of the vaporizer industry. For example, in California more than 800 people showed up at various vaporizer industries planning to recruit more staff. All this is happening due to the legalization of marijuana and it shows the real sustainable business being created by the vaporizer market.
At the moment, there are many Silicon Valley tech workers who are quitting their jobs to join the soaring vaporizer business. The reason behind this is because they have realized the high demand of cannabis and they know that the vaporizer market is directly affected by this demand.
Investors such as the ArcView Group are strategically positioning themselves for the growing vape industry. Also, you can tell that the vaporizer industry is the right place to be when celebrities like Snoop Dogg are advocating for the use of vaporizers and have gone ahead to start their own brands.
In conclusion, the growing vaporizer industry is expected to continue rising and definitely lead to economic prosperity.