Melia Robinson, a reporter for Tech Inside, has an interesting stance on the future of the marijuana business.
Referencing statistics gathered by a Wells Fargo Securities analyst, Robinson believes vaping is the future of cannabis. He believes the vape industry will bring in over $3.5 million in revenue in 2015. It is a cheaper, healthier alternative to smoking out of a pipe or dab rig.
Robinson also believes that in the future, more women will participate in the newly legalized marijuana market. According to a National Survey on Drug Use and Health, in 2012 men claimed they were 50 percent more likely to use marijuana than the women surveyed.
“When I opened in 2004, only 10 percent of our patient base were women,” said Aundre Speciale, owner of two California medical dispensaries. “Now, it’s getting close to 50–50. That to me is so incredible.”
Another prediction Robinson has for the bright future of cannabis is a variety of brand names. The game is still young and many players have yet to take the stage. Meaning more growers will rise to the occasion, leading to a longer list of brand names. Dona Frank, the founder Organicann, a dispensary chain in California, said a variety of strains is more appealing to customers.
To read the rest of Robinson’s predictions, check out her full story.