VAPORIZERS & RAW ROLLING PAPERS
Since 2008, the number of U.S. vape shops is continuing to grow to around 8,500, and the sale of portable vaporizers and supplies climbed to $3.5 billion, in accordance with Wells Fargo Securities analyst Bonnie Herzog. She expects U.S. using marijuana and vaporizers to overtake combustible cigarettes in Decade.
Marijuana represents an additional lucrative market. IBISWorld, a niche research firm, projects sales of cannabis for medical use to boost to $13.4 billion in 2020 from $3.6 billion in 2015, largely on account of demand from an aging population with conditions like arthritis, Alzheimer’s disease and glaucoma.
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At many vape shops, the brand new clients are typically older nonsmokers struggling with serious illness, based on vape shop owners, customers and skilled professionals.
Patients and medical marijuana groups say they like the vaping device for marijuana rather than smoking given that they believe there are lower risks. Some states, including The big apple and Minnesota, prohibit patients from smoking the cannabis. Inside a vape device, the cannabis leaves or concentrate are heated to a temperature that's below essential for combustion.
Vaping devices, which can be as small as a ball point pen, offer medicinal marijuana users with increased privacy, since vapor released from the heating set up is nearly odorless.
"Vaporized cannabis is a really significant trend in medical and adult use," said Christie Lunsford, a Colorado-based consultant who is targeted on issues involving cannabis. "It's consistent, it's almost instantaneous, and it's really suitable for a multitude of consumers."
"We think the cannabis market will mimic and mirror the tobacco market," he explained. "We think they are going to see this (vapor) like a safer alternative."
Patients need to have a doctor's approval to find the marijuana, which can be typically provided by state approved dispensaries, private growers, and - sometimes - their particular plants when they can't afford the cannabis, is not included in most insurance plans.
Concurrently, vaping devices have gone mainstream since the industry pushes them rather than tobacco. Marijuana dispensaries in some states also sell the gadgets.
But vape shops, with their larger selection of devices, have seen an uptick in sales especially from consumers who don’t need to frequent tobacco stores or head shops, which cater more to recreational use.