Budpack has designed a new line of flexible pouches for the marijuana industry made with FDA compliant food-grade material with closure systems that protect children from accidental ingestion.
Despite being surrounded in controversy, the U.S. cannabis industry is experiencing rapid growth. Experts estimate legal cannabis will grow from $7.3 billion to $24.5 billion between 2016 and 2020. Currently, 65 percent of cannabis sales stem from medical marijuana.
Cannabis continues to grow with many countries legalizing its usage, creating a new packaging segment. In 2018, Canada is expected to fully legalize marijuana, and the U.S. appears to be heading down the same path as more states approve its medical and recreational use.
All eyes were on the cannabis industry this past year – its rapid growth and widespread acceptance amongst consumers and producers in the U.S. legitimized the plant as a key driver of many economies in communities across the nation.
