The market for marijuana-infused beverages could explode to $600 million in the next four years

The Marketplace for marijuana-infused beverages could explode to $600 million in the next four years

  • The marketplace for marijuana-infused beverages could hit $600 million in the US by 2022.
  • CBD beverages alone could hit $260 million, with the rest coming from THC-infused beverages.
  • Big beverage makers have taken notice and some are actively pursuing deals to capture the market.
  • Marijuana-infused beverages could become a $600 million market in the US in the next four years, according to a note from Canaccord Genuity, and big beverage makers are seeking to take advantage of that opportunity.

    Revenue from cannabis beverages could outpace the overall demand for cannabis products by over two times, capturing 20% of the market for marijuana edibles by 2022, according to the analysts.

    Canaccord estimates CBD beverages will become a $260 million market by 2022, and THC-infused beverages a $340 million market.

    CBD, or cannabidiol, is a non-psychoactive chemical in marijuana that’s considered to have therapeutic advantages. THC, or tetrahydrocannabinol, is the chemical responsible for the high associated with ingesting marijuana.

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    Published at Fri, 26 Oct 2018 18:08:18 +0000

    Posted in: News

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