Cannabis
Cannabis Industry
The cannabis sector encompasses an array of businesses involved in the manufacture and sale of cannabis-derived products. This includes enterprises ranging from cultivators and processors to retailers, technology firms, and manufacturers. With the legalization of recreational marijuana use in several states, the sector has seen heightened popularity, leading to an influx of investment and fostering industry innovation.
Assortment of Cannabis Products
A myriad of products is produced within the cannabis industry.
These comprise flower—the dried, cured buds of the cannabis plant; concentrates—extracted oil products with higher cannabinoid content; edibles—food and beverages infused with cannabis; topicals—creams and salves that incorporate cannabis; and vaporizers—devices designed for cannabis inhalation. The industry also caters to a range of other product categories, including tinctures and capsules.
Businesses Within the Cannabis Sector
The cannabis sector is composed of numerous businesses—cultivators, processors, retailers, technology firms, and manufacturers. Cultivators are tasked with growing cannabis plants, which they supply to processors. The processors then extract oils from these plants to create concentrates and a host of other products. Retailers make these products available to consumers via dispensaries or online platforms. Companies focused on technology provide software and other services specific to the industry, while manufacturers take care of hardware and packaging production.
Investment in the Cannabis Sector
Recent years have seen the cannabis sector attracting substantial investment as more states move to legalize the recreational use of marijuana. This surge in capital has fostered increased innovation within the industry and allowed for more expansive growth.