Cowen & Co. recently published their new research findings on the cannabis compound market. There’s already enough hype being built around it, but these guys have the numbers to prove it – $16 billion to be exact. That’s the estimated value of this market in the year 2025.
To get even more findings, the Cowen asked 11 of their analysts from their industrials, consumer, healthcare and regulatory teams to do a basic assessment of this upcoming market.
They’ve also found out that nearly 7% of Americans are already using some form of cannabidiol or CBD, as it’s popularly known. These numbers are just the initial turnout and it’s possible that they might change soon.
Cowen had conducted a consumer survey in January with 2,500 adult respondents. During this time, they had found that 6.9% of these respondents took CBD as a supplement.
Why it’s important
Vivien Azer, the key analyst in this survey, mentioned that this response was what piqued their interest, since it was much higher than suspected. Especially when compared with the 4.2% who reported using Jull Labs Inc.’s e-cigarette devices and another 19.6% who say that they’re tobacco users.
Azer also said that going by the high level of consumer awareness discovered during that survey, Cowen expects that a full 10% of US adults will make up part of the global CBD market. That’s roughly about 25 million people, turning this market opportunity into one that’s valued at $16 billion.
There are other factors contributing to the CBD market growth as well. One of those happen to be the benefits that CBD Oil has, like treating everything from arthritis to insomnia. It’seven clinically proven to be effective on two rare forms of childhood epilepsy.
Time that those changes might take
A farm bill passed in the US in December legalised the use of hemp-derived CBD, but that’s only under certain conditions. Of course, that’s not without some obstacles though; the Food and Drug Administration has made it illegal to sell CBD products as dietary supplements.
Also, CBD products that claim to have therapeutic benefits have to be approved for their intended benefits first before they can be introduced into the markets or interstate commerce, for that matter.
Regulators have been blocking the use of CBD products in many jurisdictions. In fact, New York City health officials had ordered many restaurants and bakeries to stop using CBD oil as an additive in food and beverage products they sell. Ohio and Maine followed suit, curbing the sale of similar products, even the compound itself.
What’s Cowen & Co.’s take on the numbers
Cowen’s survey had some other interesting details too. For example, the use of CBD was found to be the highest in the age group of 18 to 34 years.
Liquid extracts or tinctures made up 44% of the CBD market, the biggest share, this was followed by the topicals at 26%, capsules at 22% and beverages at 19%.
All of these findings are conservative, says Cowen. And that extends to the forecast worth over $16 billion. The research firm also says that they’re envisioning consumers that already use CBD capsules or tinctures to be the first to convert it into a beauty regimen, or perhaps even use it as a topical applicant.
On further dissecting this industry, Cowen says that the health and wellness segment will lead the market. Based on that, they valued nutraceuticals at $6.4 billion and topicals at $4 million. Interestingly, it’s the vapor, food and beauty segment that will witness lower sales, falling somewhere around $1 billion and $2.5 billion.
Still, no one knows if the medical benefits that it supposedly contains are for real or not. CBD oil is said to have properties that can treat conditions like inflammation, pain, anxiety and cancer.
As of now, hemp is being cultivated for cannabidiol for use with seizure medications, as it’s the only medical usage that’s been approved of by the FDA.
Research firms say that black market will start transitioning over to legal markets once states begin legalising marijuana. Consumers are of the same belief too, saying that they’ll only try it once it legal and FDA approved.
Mainstream companies that are interested in dabbling in the legal marijuana trade, appear to be the most naive. You see, they want to explore the benefits and profits that this could rake in, but aren’t sure where to start. Or which part of the plant to use in that sense and so they need some real research to be done.
Where investors stand
But the real value of this report is intended for institutional investors, who can do some real investing in CBD lines, hemp cultivation, distribution of CBD products. It gives them a much better idea of what’s happening and how they can pursue these investments safely. Much like it is with the alcohol and tobacco industries.
For those interested in investing, Azer recommends starting out with smaller stocks. An unusual approach for larger investment firms, but one that will pan out eventually.
When established investors speak about a stock favourably, regardless of its size and turnout, it triggers increased buying activity – and that’s what matters. Investing small means that you get your cut of the profits, whatever they might be and wait for the expert reviews to fall in and weigh things out. Smaller stock are volatiles and easier to liquidate too.
West Hollywood’s Lowell Café is one exclusive place to order your favourite Cannabis thing
West Hollywood is synonymous with several cafes but Lowell Café is surely one that is different from the routine. Located in a dimly lit corner across the Jewish place of worship and a block away from the famous Ralph’s grocery store, the Lowell café has caught the eye of many.
If you are 21 or above, you can head to Lowell café to eat your heart out and smoke weed legally without being reprimanded for it.
The café entry is not easy to get past because before you enter the heavy iron gates where security checks the id to see if you can get in or not. Once you are inside, the host leads the guests to the table located behind the lounge.
The Bistro styled café has many visitors who are seen munching on their fries and drinks to wash it down. The café also allows for legal smoking of weed and thanks to the good quality air-filtration, there is no hint of miasma in the air. The interiors of the café consist of brick walls and ordinary wooden tables.
The Californian laws have been followed here and the café is alcohol-free. But, if you are a weed lover, the diverse option at your disposal will make choice difficult. The weed menu is an elaborate 14-page segment covering all possible choices of buds, concentrates, eatables and Vapes. Guests also can pitch in their cannabis with a small tokage of $20.
You will also find a host of smoking accessories from different brands like Puff co, PAX and Summerland Ceramics that can be rented for free. Interesting items of the edible menu include Orange Creamsicle, Black Gelato, Cheesecake Pre-rolls, and CBD infused drinks.
CBD cafes are gradually ballooning in various places. CBD market has boomed but refuses to die because of the benefits people have experienced. It is extracted from the Indian hemp plant from which Marijuana is also got. The main difference between CBD and Marijuana is the THC levels they contain. While marijuana in many places is banned because of higher THC levels, CBD has less than 0.3% of THC which makes it safe to use. It doesn’t make your head go wriggly and also has anti-inflammatory properties.
Lowell café’s belief in CBD is apparent in the work that has gone into the café. The tableside flower service allows the customers to screen through the different options of the Cannabis menu. The flower host for the evening Chantelle also has expertise in the field who will guide the customer through. She believes that she rather serve Cannabis than alcohol.
As a Cannabis bartender who has a certificate from TIPS, she believes that the issue of customers getting high will be nipped in the bud itself. While she was pursuing the course she also learned the skill to foresee any customer who could go to the dangerous levels of getting intoxicated. She shows her confidence in determining such customers and will be able to tackle the situation confidently.
The host also helps the customer choose what they want by asking questions about their likes and their encounter with cannabis to date. If the customer lacks experience she ensures that she is suggesting lower THC options.
The unique farm to table menu can be paired with the cannabis menu which provides for the deadly combination. Co-partner and executive chef Andrea Drummer also is elated that they are credited with being the first Cannabis Café and want the awareness level to go up.
They also had faced a lot of legal troubles when they had applied for a license for the café. The current Californian laws forbid license holders to sell food or drinks in a place where cannabis is sold. But Lowell creatively got around the law by separating the café into three sections. A Street facing area was kept for diners who were not allowed to consume cannabis but can eat food and drink mocktail. There was a section or a lounge inside that was allowed exclusively for vaping, smoking and CBD edibles.
Despite the odds they have faced, they are glad that the operations are going on smoothly, thanks to the efforts of one of the best teams. The concept has caught on people because they are seen enjoying the place. Cannabis joints and cafes might be a new concept but, it is gradually catching up with people.
Cannabis Plant also gives CBD which in the medical industry is doing well. Based on many cases, CBD has worked wonders with several patients suffering from epilepsy, seizures, cancer, and emotional related distresses like depression and post-traumatic stress. People also are engulfed with a lot of confusion because of the existing laws. It is only with time that explicit laws will be laid for cannabis clearing the scenario to a great extent.
Hampshire Canna partners Sy and Perry all set to create awareness among people towards Cannabis
The Hampshire Canna opened by Sy Dignam has CBD flavoured products including energy drinks and a chocolate drink called Chocomel. The activist who has opened the shop ON London Road is also joined by other activists like the 33-year-old Perry Toovey who also is associated with the shop in a big way.
Apart from drinks the shop also sells soft drinks like CBD Mojito, Dutch Chocolate drink and other Hampshire Canna merchandise like Tees and hats.
For the customers too, the duo has also worked towards giving them a good experience while they are there. There is a well-designed seating ensemble for customers who can relax and have CBD infused coffee. They will also be given material on the various health benefits of these products which they can read while sipping coffee.
CBD has been garnering rave reviews in the market for its supposed medicinal values. CBD perspectives are split into two groups, one group supporting and advocating its use and the other set who still eye CBD with dubious eyes. More and more research is still underway which will go a long way in establishing CBD as one ingredient that is here to stay.
CBD is derived from the hemp plant which is, in turn, belongs to the Cannabis Sativa family. CBD has anti-inflammatory properties and unlike marijuana has less than 0.3 % THC which has mind-altering effects. Marijuana has a larger share of THC which is why users often get addicted to higher levels. Usually, such addictions are harder to reverse yet, there are many rehabs which are there to deal with it but addiction is extremely dangerous.
Sy has been an activist for more than 6 years now. He has a goal in mind and he wants to work towards it. His agenda is to generate awareness among people about the products and wants that smoking is far safer than what people perceive it to be.
His ulterior aims are now to get the substance legalised and promote it in a manner that anyone can use and It will be safe too.
CBD has created quite an uproar in the medical industry. It has helped a lot of patients suffering from severe joint pains to recover effectively and in no time. The FDA after a lot of deliberation has approved the legalization of Epidiolex which is a CBD infused drug meant to treat a certain type of Epilepsy. It is quite a common knowledge that patients suffering from epilepsy have severe seizures a day which hampers the person’s life. But with the drug, seizures have stopped for most of the patients and have the conditions surrounding the cause also have been relaxed.
It also has been associated positively with many other ailments like depression, post-traumatic stress and anxiety. Several research studies are also underway after it also boosted the treatment options about cancer and Alzheimer’s.
Seeing the benefits of reaching people across the country, Sy believes that the substance needs to be legalised in the true form and also needs to be regulated. A substance that is as rich and effectual as the CBD cannot be kept away from people. He has correctly highlighted the mindset of people towards Cannabis.
People take it to be like marijuana and believe that taking it will cause a high. In reality, it will only make the taker feel better. There is no sense of Euphoria after taking it in. But manufacturers and retailers have to be more responsible. Firstly they should know what they are selling and then guide the customer accordingly. CBD is also extracted from Marijuana hence before using any CBD product it is important to understand the THC level in it.
He and his partner Perry are blessed to about 50 years of Cannabis experience among them. They are completely aware of how cannabis works and how it can be used safely. Media too has covered cannabis in these 3-4 years. Information in hand is much more compared to a few years ago, yet people are still reluctant about it. The partners are vying to create that awareness and want to remove the stigma associated with it.
To carry this tradition of educating, the team meets once a week at Eastney Beach. They educate others about cannabis and the current issues of regulation related to it. Ever since the Hampshire Canna began in 2012, the members are increasing. There are currently 320 members in it, while the last meeting attracted350 people; it’s highest ever! In the UK CBD is 100% legal only if the THC level does not go beyond 0.2%. It is, therefore, a largely unexplored market and now with the easing of regulation, it might slowly pick up.
Portland hosts the 5th Annual Cannabis Convention
The Annual Cannabis Convention in Portland was recently wrapped after a successful show. Many cannabis lovers graced the convention with their presence and discussed cannabis and marijuana. The convention was necessary because it is important to educate, enlighten and help people to understand cannabis. They were also educated about how they can develop and grow cannabis to optimize their use.
Cannabis is a drug that emanates from the Indian hemp plant called Cannabis Sativa and Cannabis Indica. The major active ingredient that comes in Cannabis is THC or delta-9 Tetrahydrocannabinol. Cannabis is usually claimed as a depressant drug. They can slow the activity of the central nervous system by disrupting messages sent to the brain and the body. It is said that when large doses of Cannabis is taken, it can also produce hallucinations.
Marijuana is the least potent form of cannabis. CBD or cannabidiol is a chemical compound from the Cannabis plant. It is a natural substance that is used in edibles and eatables in the form of oil and is said to give a calming and relaxing effect to the user. The cannabis plant has two main players namely CBD and THC. CBD is anti-inflammatory and is the non-psychoactive part of the plant. Hence after taking CBD user will not experience any euphoria. The takers will not feel sedated or altered anyway.
We usually have seen cannabis; hemp and marijuana intermingle when it comes to CBD. The plant Cannabis Sativa has two main species called hemp and marijuana. Both of them have THC but the hemp has more of CBD which has a lower level of THC present in it. It has less than 0.3% THC which is way lower compared to the THC in marijuana.
When people talk about hemp oil they are referring to the oil that is extracted from the hemp plant. There is no THC in the hemp oil. CBD also has several medicinal benefits that people have experienced over the years. Currently, the only CBD medication that is approved is Epidiolex which the agency approved last year for the treatment of epilepsy. Patients have seen a major difference in their conditions thanks to the CBD infused drug. The seizures have reduced and in some cases eliminated. Apart from epilepsy, several conditions like depression, joint pains, injury pains, Alzheimer’s and even cancer patients have seen the difference in their conditions after taking CBD oil. CBD is also found in many vaping products apart from edibles like gummies.
With the conducting of the 5th annual cannabis convention in Portland this weekend, marijuana lovers across the state made it to the conventions. According to NECANN Maine, the convention is all to help people access resources on cannabis and marijuana.
The entire convention showed a healthy discussion on CBD and marijuana. There have been many tests conducted in the past that were conducted on rats. Although the veracity of the tests was established with these tests, hard-core scientific back-ups and studies done on humans are still lacking the depth. Experts from around the world are all set to prove the mettle of CBD but it will be some time.
The economy of Maine can get some boost if people begin to understand that they can cultivate cannabis and hemp. Several other states are cultivating hemp plants over demand. These plants are then sent to extractors for extracting oil. The oil is then furthered to other places that contain CBD oil in their products.
Likewise, CBD and Cannabis can be a major boost to the economy of Maine and if it grows and does well, it can have a positive impact on the economy. The President of the organization NECANN said that growing cannabis can be one great thing for the economy. It is something to watch out for. Cannabis cannot be ignored in any form and economies have to eventually understand its growth prospects.
The US Federal government is taking baby steps when it comes to CBD and Cannabis. Marijuana is already on the state-controlled list but it can surely be optimally used. The convention was successfully wrapped on Sunday and people are looking forward to more such conventions in the future.
It is with the time that people and the government will realize how CBD and Cannabis can be strong drivers of growth for the economy.