With the increased legalization of medical and recreational marijuana, the global cannabis market has experienced substantial growth.
According to the United Nations Office on Drugs and Crime, cannabis is the most consumed drug worldwide. In 1996, California was the first state in the US to legalize medical marijuana. Now, 37 states have legalized it either medically or both medically and recreationally. As a result, the US currently leads the global market in cannabis sales with over $19 billion in 2020.
Stats
- In 2021, the US cannabis industry sold almost $25 billion in products and created more than 107,000 new jobs
- The market is projected to grow from 28.26 billion in 2021 to 197.74 billion in 2028 with a CAGR of 32.04%
- There are currently 3 times as many cannabis workers as there are dentists
Sales for cannabis have increased rapidly due to product innovation. Cannabis now comes in a variety of forms including flowers, oils, extracts, topicals, pre-rolls, vapes, beverages, and edibles. This has made cannabis more accessible and more appealing to a wider range of consumers.
Packaging Solutions
Packaging for cannabis products is extremely important. It needs to keep the product fresh, indicate important legal information, and stand out from its competitors. Here are some solutions you can use for your cannabis products:
- Labels
- Coupons
- Tags
- Flexible Packaging
- Games & Sweepstakes
- Brand Security
- Extended Content Labels (ECL)
- Thermal/Direct Thermal Transfer
- Graphic Design
- Embellishments
Requirements
Cannabis is still a Schedule I controlled substance, and therefore specific rules and regulations must be followed when labeling cannabis products.
To read more about the requirements and labeling process of Cannabis Labels click on the link.
