Since legalization kicked off in Canada, there have already been many bumps on the road. Canadian cannabis consumers are facing shortages in products and there have been multiple issues with recalls of cannabis that was contaminated with mold and other harmful by-products. Consumers of cannabis products in Canada have also expressed concern about over packaging of cannabis products. The need for natural environmental friendly packaging has become a growing cannabis trend.
CBD Infused Beverages
On a different side of the spectrum, Canada has seen substantial growth in industry related to cannabis legalization. Edibles and beverages have become the products that will pave the path for cannabis consumers of the future. A lot of the focus surprisingly is not on tetrahydrocannabinol. It tends to be more on THC’s non-intoxicating cousin cannabidiol AKA CBD.
Health Canada has stipulations that you cannot mix alcohol and cannabis together. This is not stopping major beverage companies like Molson Coors, Constellation Brands, and other beverage giants looking towards developing CBD infused non-alcoholic beverages. Molson Coors CEO and president Mark Hunter, predicts that the beverage industry will make up roughly 30% of the edible market.
Upcoming Regulations Set to Open Doors
Even though recreational cannabis is legal in Canada, currently edibles are not. Regulations allowing the manufacturing, sale, and distribution of cannabis edibles, topicals, and concentrates should be available in Canada by October 17th of 2019. This will ironically be the 1-year anniversary of cannabis legalization for the country.
Tourism is Rolling in the Dough
With all of the exciting news about cannabis, another sector of business is going to see budding success. That industry is tourism. People from around the world are going to start looking to Canada as a vacation destination.
Tourism in the United States in the states where recreational cannabis is legal have seen exponential growth.
These are the cannabis trends to keep your eye on in Canadian cannabis in 2019, but let us know if you foresee any others we didn’t mention.