Annual cannabis vape sales continue to grow across many major markets–fueling demand and a growing eco-footprint.
Rising consumer demand comes despite environmental concerns lobbed at various market aspects, from cultivation to packaging. Worries are exceptionally high on single-use disposable vaporizers, a surging sector with high waste potential.
While most of the industry claims to be against creating extra waste, numerous suggest that vapes will continue to be produced unless market demands shift.
Vape Market Grows
Vape product sales surged in 2021. As first reported by Marijuana Business Daily, data firm Headset‘s analysis of California, Colorado, Michigan, Nevada, Oregon and Washington state found that 2021 vape sales increased by 28.1% from 2020.
Overall, the cartridge market grew 25% in 2021, totaling $2.3 billion in sales. Disposable vapes accounted for $164 million in sales, a 64% increase in 2021.
Operators offered Benzinga various estimates on disposable vape’s US market presence, ranging from approximately 15% to 50% of products sold.
To Read The Rest Of This Article By Andrew Ward on Benzinga
Published: July 18, 2022
Founder & Interim Editor of L.A. Cannabis News