Connect with us

Marijuana Movement

Market Research: Growth in the Edibles Market



THC and CBD Edibles are Becoming More Popular in Greater Society, Especially Once Fully Legal

In the United States, cannabis is illegal at the federal level and is categorized as a Schedule I substance. Further, only some states permit recreational adult-use or medical marijuana. Even so, data suggests that there are interesting projections for the market.

The latest data shows that the edibles category could be worth up to $4.1 billion in Canada by 2022. That is a good projection for products that we still don’t know a lot about.

A press release by BDSA provides more insight on a recent report by Arcview Market Research, which was done in partnership with BDS Analytics. According to the press release, “Spending on cannabis-infused food and drink reached an estimated $1 billion in 2017 in the United States and Canada, representing around 11.4% of the total $9.1 billion in those two markets. According to the report, the majority of cannabis edibles sold in the United States fall into the candy and chocolate categories, which accounted for an estimated $598 million in sales in 2017, or just over 60% of the $991 million in total U.S. consumer spending on cannabis edibles.”

Companies and scientists have also been investing in research lately into edibles. For example, researchers at the IUPUI and Indiana University in Bloomington recently completed a study, published in Drug and Alcohol Dependence, on the effects of edibles.

According to a report on the research study, the study found that, “the mice were less active, and their body temperatures were lower, after consuming the edible THC. The researchers also noted that the effects of edible THC varied based on the subject's sex, said Michael Smoker, first author of the paper and an addiction neuroscience Ph.D. candidate in the lab of professor Stephen Boehm in the psychology department at IUPUI. The addiction neuroscience graduate program is a Purdue University program at IUP.”

All information is for general informational and educational purposes only. Nothing should be interpreted as legal or wellness advice.

Jane is a regular contributor who learned about the great benefits of CBD a few years ago after starting it herself. Impressed by its effects, she's interested in helping others learn about options that can be helpful for them.

Continue Reading

Ultimate CBD Guide


ultimate-cbd-products-company-guidepopular-cbd-health-benefits best-cannabidiol-guide-resources hemp guide

TimesofCBD is the most active daily CBD news publication featuring the latest cannabis industry stories and marijuana market trends. As the leader in CBD-centric content curation, we invite all readers to come for the headlines and stay for the insights. Quality is the top priority when presenting user guides, analyzing product reviews and reporting fact-checked news announcements. All information is for educational and informational purposes only. Disclaimer.

Got news? Email

Copyright © 2020 | Latest CBD News, Cannabis Guides and Marijuana Trends
Note: Always seek real additional medical advice and consultation with a professional healthcare practitioner before considering any CBD. No statements found on this website have underwent Food and Drug Administration evaluation. The efficacy of any products or claims made have never been approved by the FDA either. No products shall ever be intended to diagnose, treat or cure any disease or prevent any ailment.