Vape Use is Increasing Which is Good News for Pot Stocks
In the past few months, reports have shown that cannabis vaporizer use is up in North America. While many still prefer to smoke cannabis flower, marijuana stocks have benefitted from the rise in the use of vapes. With this, some leading pot stocks to watch have invested heavily in the cannabis vape market. In the past few years, we have steadily watched the use of vaporizers increase. But, it seems as though the Covid pandemic has meant that more people are afraid of smoking a combustible material. Instead, many are turning to vaporizers which can be less harsh than traditional marijuana flower.
- These Marijuana Stocks Continue To Rise Alongside The Stock Market
With the demand increasing, many leading pot stocks to watch have been working to put out new products. This means that some leaders in the cannabis industry are becoming specialized in the vape industry. While cannabis vaporizing presents a relatively new industry, the concept has been around for quite some time. Because of the rising demand, innovations in how people use vaporizers are occurring every day. All things considered, the rise in cannabis demand is worth taking a closer look at.
What The Study Means For Marijuana Stocks
Marijuana stocks have a big role when it comes to vaporizers. For one, cannabis companies can produce large quantities of vaporizer pens to meet the growing demand. In Canada, the use of oils and vaporizing forms of cannabis were only legalized at the beginning of this year. Since that time, more and more of the public have chosen to use vaporizers as their preferred cannabis consumption method. The study, which is specific to Canada, states that vape pen sales amounted to more than 16% of cannabis industry market share in June of this year. This represents a large increase from where it was at the same time last year.
Major pot stocks like KushCo Holdings Inc. (OTC:KSHB), that produce vaporizers, have benefited greatly from this increase. Although the demand varies in different parts of Canada, the data largely shows that demand has increased in the past few months alone. The study states that there is a great deal of resiliency when it comes to the vaporizer market. This makes it an almost Covid proof investment opportunity.. With that in mind, pot stock investors may want to take a look at marijuana stocks that deal with vaporizers.
What This Demand Means For The Future Of The Cannabis Industry
One of the aspects of the cannabis industry that the study did not address is how vapes will make their way into North America. Given the nature of the product, the vast majority of vape pens are manufactured in China. With the world in its current state, it seems as though production may be slowed for some time. But, fear not because this demand does not seem to be going anywhere anytime soon.
And although vaporizers are still quite expensive when compared to smoking cannabis flower, this issue too seems like it is being resolved. The study states that there is “some significant price dropping, and now there’s some new companies entering the market.” With this, it seems like pot stocks that work in the vaporizer market, may be pot stocks to watch moving forward. Although there is a lot of uncertainty in the cannabis industry, we do know that vaporizers are here to stay.