When I was growing up, as many of you I’m sure, I would never have guessed that cannabis would be legalized. Back then it was taboo, worse than alcohol and seen as another drug on the streets. Remember the commercial, “This is your brain on drugs,” with the eggs frying in a pan?
Sensi Products is launching California-compliant packaging that is pharmaceutical grade, child-resistant and includes an informational insert to improve the user experience, for the Sensi Chew cannabis-infused chocolate caramels.
With each passing year, the legalized cannabis industry grows as the stigma associated with it decreases. Ten states currently permit recreational marijuana, over 20 more permit medicinal use, and annual nationwide spending on legal cannabis is projected to reach nearly $50 billion in the next decade.
Specialty retailer Barneys New York plans to open The High End, a luxury cannabis lifestyle and wellness concept shop. The High End will open in Barneys New York's Beverly Hills flagship store in March, featuring an exclusive partnership with cannabis company Beboe.
With medical and/or recreational use of cannabis being legalized, we asked: Is your business diving into the cannabis market? Survey responses suggest that 37 percent are getting into the sector, with an additional 21 percent planning to add it to their business in the future.
Hoffmann Neopac has introduced recyclable, child-resistant opaque tins for packaging damp and dry cannabis products. The tins are suitable for a variety of cannabis products, including edibles, and are designed to enhance quality image.
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.
The U.S. cannabis industry has grown over 200 percent in the past five years, topping $7.3 billion according to the "Here to Stay or Up in Smoke: A Look at the U.S. Cannabis Market" infographic by PMMI, The Association for Packaging and Processing Technologies.
In this issue of Packaging Strategies, we cover the Top 100 food & beverage packaging companies, 3D technology for experience and brand packaging, linear transport systems, case and tray sealing, frozen food trends and more!