it is worth noting that Illicit cannabis trade has significantly declined in states where recreational cannabis is legal. CO, OR and WA were the first three states to legalize cannabis. It shows that we cannabis legalization will increase tax revenue for these states while negatively impacting the bottom line of illegal drug organizations. Including the illicit market, consumer spending on cannabis in North America amounted to an estimated $56.4 billion in 2016, 88% of it outside legal channels.(Arcview Market Research)

Source: Arcview Market Research

Adam & Weed’s Take

This chart quickly shows the trend of cannabis products purchased. There are many ways to consume cannabis products. Flower has been the most popular way to consume cannabis. However, many medical marijuana patients need alternative ways to consume cannabis. This chart indicates that flower is losing market share to derivatives of flower. Nonsmokers may find it easier to use a vaporizer or consume edibles rather than smoking cannabis. Smoking flower tends to draw attention to you because of the smell associated with smoking flower. These other methods can be less intrusive to people in your area.

Source: Arcview Market Research

Indica And Sativa Strain Breakdown

Please note, all cannabis strains vary based on the genetics of the plant. If you purchase the same strain from two different dispensaries, you will likely be receiving two different strains. This chart is meant to be indicative of how each strain may impact you. It will also show you which strains are the strongest. Adam & Weed recommends that you start with weaker strains until you have a good understanding of how it will impact you. Adam & Weed recommends that a novice consumer starts with weaker sativa strains during the day and weaker indica strains at night. Once you understand how each will impact you, feel free to experiment a little more. Our goal is to make sure you have the best experience possible! Note, some strains do not agree with people.

Source: Green House of Seeds

Cannabis Spending to hit nearly $22 Billion by 2021, according to Arcview Market Research

Current Status of the Industry

The North American Cannabis industry is expected to grow 25% compounded annual growth rate over the next 5 years. This chart gives you a good indication of how the recreational cannabis industry is about to explode. Recreational cannabis is likely to overtake medical cannabis use in 2019. There will be a large number of users that will need a helping hand to find the best product for them. Adam & Weed is uniquely positioned to help cannabis customers find the best product for them. It is worth noting that California accounted for 31% of the legal cannabis spending in 2015, according to Arcview Market Research.

Source: Green House of Seeds

The Growing Acceptance of Cannabis

According to a Gallup poll, the majority of the U.S. supports the legalization of cannabis. It shows the negative stigma of cannabis is starting to deteriorate. According to the Department of Health and Human Services’ Substance Abuse and Mental Health Services Administration (SAMHSA) annual consumer survey, approximately 8.3% of Americans report monthly cannabis usage.

Benefits of Consuming Cannabis Cannabinoids

Almost everyone is familiar with THC. This is the psychoactive cannabinoid that gives you the “High” feeling associated with cannabis. What many people do not know is the other cannabinoids that are also in cannabis. Most cannabis users are vaguely familiar with Cannabidiol (CBD). There is no psycoactivity associated with CBD, which means you receive all of the benefits of this cannabinoid, however, you do not experience the “high”. Adam and Weed plans to educate users on how CBD impacts the body and its holistic healing properties. CBD has been known to treat the symptoms of epilepsy. In the group of 13 children studied in York, “across the board there was a 50 percent reduction in seizures,” Barron said Wednesday. “Three were seizure-free.” Take a look at the table below to see some of the benefits that other users have received from consuming cannabis.

Source: SC Labs

The Entourage Effect

Scientists have found a way to extract specific cannabinoids from the plant. For example, you can extract pure THC or pure CBD from the plant. These isolates do not have the same positive impact on patients relative to the full spectrum plant and all cannabinoids being present. This is known as the entourage effect where all of the cannabinoids are present and the synergies come together to produce better results for the patient. This is likely the same reason why Marinol and other synthetic pharmaceutical drugs are not as effective. The whole plant needs to be present to have the greatest impact on the patient. Here is a cannabinoid wheel by Leafly to better show some of the synergies cannabinoids have in helping with specific ailments.