Sales of cannabis-infused beverage market is projected to grow from $915.06 million in 2021 to $19,063.58 million in 2028 at a CAGR of 54%, as companies sought to capitalize on new cannabis consumers seeking a familiar form of consumption and those looking for an alternative to alcoholic drinks.
Cannabis beverage companies, for example, have been cashing in on health-related trends such as Dry January, when alcohol drinkers abstain for the month and look for alternative ways to relax.
The strong demand for infused beverages has not propped up prices – at least not yet. Despite the strong growth, the infused-beverage market remains a small portion of the overall cannabis product mix.
While it might be a ways off before customers can walk into a bar and order an infused drink, several licensed cannabis markets have begun the process of licensing public-consumption lounges, which many businesses see as a good fit for beverages.
Show Notes:
US Distribution Trends: Cannabis Drinks
https://content.brightfieldgroup.com/distribution-trends-report-cannabis-drinks
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 885 The #TalkingHedge…
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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