VAPORIZERS & RAW ROLLING PAPERS
Since 2008, the number of U.S. vape shops is growing about 8,500, and also the sale of portable vaporizers and supplies climbed to $3.5 billion, as outlined by Wells Fargo Securities analyst Bonnie Herzog. She expects U.S. utilization of marijuana and vaporizers to overtake combustible cigarettes in Ten years.
Marijuana represents a different lucrative market. IBISWorld, a market research firm, projects sales of cannabis for medical use to increase to $13.4 billion in 2020 from $3.6 billion in 2015, largely because of demand from an aging population with conditions like arthritis, Alzheimer’s disease and glaucoma.
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At many vape shops, the new industry is typically older nonsmokers struggling with certain illness, based on vape shop owners, customers and specialist.
Patients and medicinal marijuana groups say they prefer the vaping device for marijuana rather than smoking because they believe there are lower risks. Some states, including Ny and Minnesota, prohibit patients from smoking the cannabis. Inside a vape device, the cannabis leaves or concentrate are heated to a temperature that's under essential for combustion.
Vaping devices, that may be as small as a ball point pen, in addition provide medical cannabis users with an increase of privacy, since the vapor released from the heating set up is nearly odorless.
"Vaporized cannabis is an extremely significant trend both in medical and adult use," said Christie Lunsford, a Colorado-based consultant who is targeted on issues involving cannabis. "It's consistent, it's imminent, and it is suitable for numerous consumers."
"We think the cannabis market will mimic and mirror the tobacco market," he said. "We think they're going to understand this (vapor) being a safer alternative."
Patients have to have a doctor's approval to have the marijuana, which is typically which is available from state approved dispensaries, private growers, and - occasionally - their own plants should they can't afford the cannabis, is not paid by most insurance policies.
Simultaneously, vaping devices go mainstream because the industry pushes them rather than tobacco. Marijuana dispensaries in certain states also sell the electronic devices.
But vape shops, with their larger choice of devices, have experienced an uptick in sales especially from consumers who don’t need to frequent tobacco stores or head shops, which cater more to recreational use.