VAPORIZERS & RAW ROLLING PAPERS
Since 2008, the number of U.S. vape shops is growing about 8,500, along with the sale of portable vaporizers and supplies climbed to $3.5 billion, according to Wells Fargo Securities analyst Bonnie Herzog. She expects U.S. utilization of marijuana and vaporizers to overtake combustible cigarettes in Ten years.
Marijuana represents one more lucrative market. IBISWorld, an industry research firm, projects sales of cannabis for medical use to improve to $13.4 billion in 2020 from $3.6 billion in 2015, largely as a result of demand from a maturing population with conditions including arthritis, Alzheimer's disease and glaucoma.
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At many vape shops, the new customers are typically older nonsmokers struggling with severe illness, in accordance with vape shop owners, customers and skilled professionals.
Patients and medical cannabis groups say they like the vaping device for marijuana as opposed to smoking simply because they believe there are lower risks. Some states, including The big apple and Minnesota, prohibit patients from smoking the cannabis. Inside a vape device, the cannabis leaves or concentrate are heated to a temperature that's less than required for combustion.
Vaping devices, which can be as small as a ball point pen, also provide medical cannabis users with additional privacy, since the vapor released with the heating method is nearly odorless.
"Vaporized cannabis is an extremely significant trend 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 a wide variety of consumers."
"We think the cannabis market will mimic and mirror the tobacco market," he was quoted saying. "We think they'll see this (vapor) being a safer alternative."
Patients need to have a doctor's approval to have the marijuana, that's typically offered by state approved dispensaries, private growers, and - in some instances - their very own plants whenever they do not want the cannabis, which isn't included in most insurance coverage.
As well, vaping devices go mainstream because industry pushes them as an option to tobacco. Marijuana dispensaries in a few states also sell the gadgets.
But vape shops, using their larger collection of devices, have experienced an uptick in sales especially from consumers who don't want to shop at tobacco stores or head shops, which cater more to recreational use.