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The stereotypical picture of marijuana consumption is someone toking up buds in a joint or bong but as weed comes out from the shadows and into the legal marketplace entrepreneurs are busily concocting all sorts of pot products.
From vape pens to concentrates to edibles – drinks – tinctures and even creams and topical lotions – marijuana is now available in myriad forms.
But what’s the most popular?
Here we turn to the good folks at BDS Analytics – a company that prides itself on providing ‘data-driven insights – market intelligence and complete consumer understanding’ of the marijuana industry.
BDS has just released its list of the Top 10 ways people are consuming cannabis in 2018 0 – based on results from its proprietary GreenEdge™ Retail Sales Tracking database which gathered data from California – Colorado and Oregon from the first half of the year.
The biggest takeaway is that despite all the hoopla about the multitude of new marijuana products people still overwhelmingly favor inhaling their weed- either as smoke from buds or via vaping.
Sales of buds – pre-rolled joints – vape cartridges and disposable vapes accounted for around $1.8 billion in sales with another $200 million coming in sales of concentrates – which are typically also inhaled.
And it was buds (flowers) that made up more than half of that figure.
Edible and tincture products that made it into the Top 10 only accounted for about $200 million in sales or about 10 percent of the total pot market in those three states.
While edibles and other cannabis concoctions may be the wave of the future – as of now bud is still the king.
Here are BDS Analytics’ Top 10 pot products – based on total retail sales: