VAPORIZERS & RAW ROLLING PAPERS
Since 2008, the volume of U.S. vape shops is growing about 8,500, and 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. usage of marijuana and vaporizers to overtake combustible cigarettes in Ten years.
Marijuana represents one more lucrative market. IBISWorld, a niche research firm, projects sales of cannabis for medical use to boost to $13.4 billion in 2020 from $3.6 billion in 2015, largely because of demand from an ageing 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 suffering from serious illness, according to vape shop owners, customers and industry experts.
Patients and medical cannabis groups say they prefer the vaping device for marijuana as an alternative to smoking because they believe there are lower risks. Some states, including Ny and Minnesota, prohibit patients from smoking the cannabis. In a vape device, the cannabis leaves or concentrate are heated to some temperature that's lower than needed for combustion.
Vaping devices, that may be no more than a ball point pen, provide medical cannabis users with additional privacy, since vapor released with the heating device is nearly odorless.
"Vaporized cannabis is a very significant trend in both 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's right 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're going to check this out (vapor) being a safer alternative."
Patients have to have a doctor's approval to find the marijuana, that's typically which is available from state approved dispensaries, private growers, and - occasionally - their unique plants if they cannot afford the cannabis, that isn't paid by most insurance coverage.
At the same time, vaping devices have gone mainstream because the industry pushes them as an alternative to tobacco. Marijuana dispensaries in most states also sell the electronics.
But vape shops, making use of their larger number 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.