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Marijuana Manufacturing Trivia – The Fresh Toast

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Scruffy hippies getting high in a disorganized underground economy — this was how the weed manufacturing industry was painted in the (not too distant) past. But today, the new marijuana manufacturing business is growing, and it’s nothing like you’ve ever imagined. So, want to stump your friends who consume, here is a little marijuana manufacturing trivia!

What Is Weed Manufacturing?

Weed manufacturing refers to the process of yielding, reproducing, deriving or preparing, manufactured weed products. This process of weed manufacturing can be done either indirectly or directly, using extraction techniques, chemical synthesis, or a combination of both. The industry continues to grow rapidly as more consumers are beginning to understand the benefits of taking weed products in health and fitness, medicine, and even beauty.

marijuana
Photo by Photo by Elsa Olofsson via Unsplash

Subsequently, as the demand for various marijuana products increases, more investors are showing interest in starting a cannabis-related business. The entire weed industry is flourishing, and as this sector continues to develop at a fast pace, there is lots of money to be made. If you’re thinking of going into a large-scale operation, there are many marijuana processing equipment available that can help you kick-start your business.

But be prepared. Starting a weed business is not easy, as there are laws and regulations that you have to consider first depending on the state or country you’ll be operating from. So, you might want to plan this carefully. It’s also best to consult with lawyers and check with regulating bodies first to make sure your business will be compliant with the laws in place.

For recreational use, marijuana is currently legal in 15 states. But for medical use, it’s legal in 35 states, and these numbers are expected to grow in the coming years. Traditionally, hash, flower, and handmade edibles were the only cannabis goods available to consumers in the underground market. In today’s legal market, weed products are available in more forms like oils, concentrates, cannabis-infused drinks and foods, and products containing tetrahydrocannabinol (THC) like dry powder inhalers, and transdermal patches. It’s no wonder why there’s a sudden increase in the number of weed manufacturing companies regardless of strict state regulations.

But aside from the facts cited above, there are more interesting things about the weed manufacturing industry:

Its Sales Growth Is Rapidly Increasing

Since the changes in government laws, with more states legalizing its use, the market for legal marijuana was projected to skyrocket. And true enough, according to Forbes, legal marijuana sales in the U.S. alone went up by 46% in 2020. This increase led to an all-time high of USD$17.5 billion, which means Americans are consuming more weed than ever.

Furthermore, several new cannabis firms are pursuing research and development, testing, and production. In Canada, many regions are anticipating the privatization of cannabis retail outlets. Many provinces that formerly picked a single supplier are now asking numerous vendors to submit their bids to meet the increase in demand.

RELATED: Which US City Smokes The Most Weed Per Resident?

In a recent market analysis report, the value of the worldwide legal marijuana market was appraised at USD$ 9.1 billion in 2020 and is anticipated to have a 26.7% increase in compound annual growth rate (CAGR) from 2021 to 2028. It can be said that the growing demand for legal marijuana is driven by the increasing number of states and countries legalizing the use of cannabis.

It Produces Innovative Products Too

With its legalization, marijuana users are eating their cannabis more than ever, rather than smoking it. Between January and August 2018, the market share of edibles in Oregon and Colorado increased to 24%, with sales for other edible products growing even faster. Cannabis-infused chocolates, for example, grew by 135% in Colorado during the same period.

Rehydrating Marijuana: How To Bring Your Stale Weed Back To Life
Photo by Christina Winter via Unsplash

Aside from edibles, many other variations of cannabis products—such as topical oils applied to the skin and sublingual dosages that dissolve beneath the tongue—have gained traction since legalization, but they don’t account for the majority of sales in the market. Low-dose products for medical patients or smokers who prefer a softer high have also grown in popularity, with sales in Colorado increasing by 83% in 2017.

It Makes CBD More Accessible

Cannabidiol, or CBD for short, is a type of cannabinoid responsible for the majority of cannabis’ medicinal benefits. CBD may be separated and purified from THC, marijuana’s major psychoactive component, to create oils and tinctures for patients who want to benefit from the drug’s anti-inflammatory and relaxant effects without getting ‘the high.’ In areas where CBD is legal, these medicines are readily accessible and utilized as home treatments for anxiety, nausea, chronic pain, epilepsy, and even acne.

It Creates Employment Opportunities

The cannabis business is expanding so quickly that the number of employment opportunities in this industry has tripled since 2016. According to Marijuana Business Daily, the weed industry employs between 125,000 and 160,000 full-time workers. By 2022, it is anticipated to add another 340,000 full-time employments, representing an annual growth rate of 21%.

RELATED: Research Finds Multiple Benefits Of Rare Cannabinoids

Weed manufacturers were able to hire a large number of people now that the demand for marijuana has increased tremendously. In 2020, cannabis firms have employed more than 200,000 full-time workers in various areas of the medicinal and recreational cannabis industries, including budtenders, machine operators, legal clerks, and more.

It Generates Tax Revenue

Marijuana sales in Colorado and Washington have been higher than in recent years, resulting in increased tax revenues. Colorado earned more than $302 million in medicinal and recreational marijuana taxes and fees in 2019 as a result of more than $1.7 billion in sales. According to a research by Arcview Market Research and BDS Analytics, sales in the United States reached $12.2 billion in 2019 and are expected to rise to $31.1 billion by 2024.

marijuana taxes
Photo by Nikolay Ponomarenko/Getty Images

Backed up by local evidence, a recent analysis from Colorado State University Pueblo’s Institute of Cannabis Research found that a contribution of more than $80.8 million in the local economy can be attributed to the legal cannabis sector because of tax revenues. Furthermore, according to a study by New Frontier Data, an accredited cannabis analytics firm, state-legalized marijuana may produce an additional $105.6 billion in federal tax revenue by 2025.

Key Takeaway

The legalization and regulation of marijuana use paved the way for the weed manufacturing industry to become one of the fastest-growing businesses in the last few years. And as more countries begin to accept its true benefits beyond recreational use, the industry will only continue to grow and expand to reach more consumers with countless innovations.



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3 Wise Men

Three Wise Men Give Marijuana Strain Gift Suggestions

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It has become a popular gift with over 20% of the population putting it under the train. So we asked 3 wise man what to give (or consume) during the season.

The holiday season is a special time of year with a combination of Christmas, Hannakuh, and more are the modern hoildays descended from pagan holidays. Food, celebrations, gifts and a hint of something magical are all part of the holidays.  With Christmas, the three wise men bring gifts to the baby Jesus being steered by a star.  As we head into the last part of the season, why not think of the perfect gift to give or for yourself.  We have three wise men give marijuana strain gift suggestions to share with our readers.

RELATED: Can Pets Use Medical Marijuana or CBD

Terran Cooper, one of the rising stars of the industry and a part of the firm Falcon Rappaport & Berman who works in the cannabis industry.  New York based, he says while there are several great strains, he has two to share for the holiday season.

One of my favorite day time strains, Pineapple Express has skyrocketed in popularity following the 2008 film by the same name. This strain is one of the more energetic strains that I’ve come across, allowing for a nice balance between productivity and relaxation this holiday season. Its joyful and uplifting effects may pair nicely with last minute holiday tasks in addition to any festivities. Though infrequent consumers beware – its relatively high THC content means that a little can go a long way.

Beautifully wrapped Christmas gifts under a festive tree with glowing lights.

Andrew Laub, managing partner of Keneh Ventures and CEO of Cannabition, is a leader in the industry and shared his favorites. Golden Goat is my secret to finding joy in any moment, especially during the holiday season. Its tropical, citrusy flavor is bright and uplifting, just like its effects. I love how it gives me an energized, creative boost without feeling overwhelming, making it perfect for everything from decorating the house to hosting friends. It’s my reminder to savor the fun and chaos of the holidays.

Granddaddy Purple is like my personal escape when the holiday rush gets overwhelming. I love its rich, grape-like flavor and how it helps me unwind at the end of a busy day. Whether I’m binge-watching holiday movies or enjoying quiet time by the fireplace, this strain makes everything feel a little cozier and more magical.

Sour Diesel is my motivation when there’s too much to do and not enough time. Its energizing, citrusy aroma wakes me up, and its focus-boosting effects help me tackle long to-do lists with ease. I love using it to power through holiday prep, whether I’m wrapping gifts, planning meals, or brainstorming creative ways to make the season special.

RELATED: Holiday Hangover? Here’s How To Stop It Before It Strikes

Online cannabis influencer Miguel a.k.a Miggy420 (@miggy420) believes consumption of cannabis is a personal experience with everyone being different. He sees the endocannabinoid system as unique as snowflakes in winter. Some smoke to wash away ills, others to wash away the ills of society. He shared his two favorites.

Vin Diesel Diesel is a sativa grown by Dewey’s Cultivars. Her beauty matches her taste with gassy hits reminiscent of early 2000 diesel strains I would buy in the traditional market. These growers come with a biochemical background and it shows with this plant, pure bliss – and this is coming from someone who prefers indicas.

If you’re looking for something post family events i.e you just realized the debt you incurred for the little ones or you’re just happy your conspiracy Uncle is gone, I recommend Gelato Cake by Agro Couture. This indica dominant hybrid will have your mind drifting away and able to focus on what it is you really wanted to do, hot box your bedroom and binge watch YouTube.

Enjoy these suggestions and may everyone have a great holiday season.

 



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Teen Marijuana Use Continues To Drop With Legalization

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In another positive reason for cannabis legalization – teen use continues to drop.

One of the great arguments against marijuana legalization is it will lead to more youth partaking. This argument is brought out, despite teen alcohol use continuing to be a problem. Now, a new study shows teen marijuana is continuing to decline, coinciding with the increasing legalization of cannabis for adult use across the United States. This trend contradicts predictions made by opponents of legalization, who argued that easier access would lead to increased youth consumption.

According to the latest Monitoring the Future (MTF) Survey, supported by the National Institute on Drug Abuse (NIDA), cannabis use among 8th, 10th, and 12th graders is now lower than before the first states began enacting adult-use legalization laws in 2012. This decline is part of a broader trend of decreasing youth drug use, which has reached historic lows since the coronavirus pandemic.
Photo by 2H Media via Unsplash

The U.S. Department of Health and Human Service’s National Survey on Drug Use and Health reported an 18% decrease in the percentage of 12- to 17-year-olds who had ever tried marijuana from 2014 to 2023. Additionally, current marijuana use among this age group fell by 19%. Similarly, the Centers for Disease Control and Prevention’s Youth Risk Behavioral Survey found a 26% reduction in the percentage of high schoolers identifying as current cannabis consumers between 2013 and 2023.

Researchers attribute this decline to several factors:

  1. Regulated markets: Licensed dispensaries require proof of age, making it more difficult for teenagers to obtain marijuana.
  2. Effective ID policies: Studies show high compliance rates among licensed cannabis retailers in checking customer IDs.
  3. Shifting perceptions: There has been a significant drop in youth perceptions that cannabis is easy to access, despite the widening adult-use marketplace.

The trend is not limited to the United States. A Canadian study found high school students reported more difficulty accessing marijuana since the country legalized it nationwide in 2019

These findings support the argument that regulated marijuana markets for adults, with appropriate safeguards, can effectively deter youth access and use. The data suggests that legalization policies can be implemented in a manner that provides regulated access for adults while simultaneously limiting youth access and misuse.

As more states consider legalizing marijuana, this evidence can inform policymakers and public health officials in developing effective strategies to protect youth while allowing adult use. The ongoing decline in teen marijuana use demonstrates that legalization, when properly implemented, does not necessarily lead to increased adolescent consumption and may even contribute to its reduction.



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The Best Tips If You Are Giving Marijuana As A Gift

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Roughly 25% of people are planning to give cannabis as a holiday gift….here are some practical suggestions to make it a success.

Last year was a watershed year for Santa with 1 in 4 planning to add cannabis into their gift giving, the trend is only going up in 2024. Since the plant has become mainstream (except for a few in DC), it is to be found under the tree, next to the menorah and during festive gatherings. Gen Z and Millennials are leading the trend with 78% (vs. 56% of Gen X and Boomers) in planning to include cannabis in their holiday plans. But you you want to do it right, here are the best tips if you are giving marijuana as a gift.

RELATED: Science Says Medical Marijuana Improves Quality Of Life

While giving alcohol is a long tradition, giving cannabis is does have some variances.  To start, so far most can’t grab it out of personal stock or fish it out of Christmas gifts already given for the year. While Costco, groceries stores and Total Wine are the booze top sellers, it can be also purchased in bodegas, gas stations and other locations. Cannabis still has to be purchased at specialized dispensaries.

marijuana dispensary
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First, plan ahead when you shop. The good news is most dispensaries keep hours similar to a grocery store – open by 9 am and closing around or after 10 pm. This makes dashing in for a last minute gift or squeezing it in during the day easy. Remember to bring cash, have a plan and chill out.

The good news isyou can’t seem to be “cheap” giving weed. Most edibles are in a small price range, whereas wine bought at a grocery stores can go for $6-$100.  And the quality of the wine can vary greatly. Most edibles, including gummies, are within the same price point and potency while caring on quality.  Wana Brands, one of the nation’s leading gummy makers, hits the mid spot on price.  Also, unless you are doing a hefty gift basket, you are can give one or two items as a trail.

Never overestimate someone’s usage. Think about the recipient’s experience level and preferences when selecting cannabis gifts. For most, consider starting with low-dose or CBD-dominant products. Gummies, vapes, oil, or gift cards are all popular choices.  Also, ask the budtender what the best sellers for mid level consumers.

RELATED: The Most Popular Marijuana Flavors

If you are in the less than 50% of the population where legal cannabis is available, consider hemp beverages. It can provide a quick, similar high but is legal.  In Texas, they are huge sellers and can be found in some Total Wines, local convenience stores and other locations.

Lastly, have a hint of discretion, it might not be the best public secret Santa gift, but gummies can be a fun White Elephant!



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