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Growth driven by rising consumption of cannabis for medical purposes, technological advancements in the packaging industry, and increasing legalization of cannabis across the globe.
A large-scale initiative like #TeamSeas can inspire determination and capture the importance of removing trash and plastic from waterways and the ocean. The cannabis industry can lead the way toward a circular economic model centered on eliminating pollution and bettering our natural systems.
A conversation about how sustainability should be ingrained in a company’s process and supply chain before the product reaches the consumer, which is why Hii Stick plants a tree for every product it manufactures.
Increased legalization and a growing demand for medical and recreational cannabis across the world has the legal marijuana market size expecting to reach $73.6 billion by 2027, says a new report published by Grand View Research, Inc.
Packaging is a primary focus for the growing cannabis-infused food and beverage industry, including products infused with health-focused non-psychoactive cannabidiol (CBD) — which have global appeal — and those infused with tetrahydrocannabinol (THC), which compete with beer, wine and spirits in the 11 U.S. states plus the District of Columbia, which have all rescinded cannabis prohibition for adults.
CBD has emerged as a popular wellness product and can be found across many sectors of consumer products, but the FDA’s lack of clear mandates on CBD’s legal status has opened the door to unregulated actors who sell their products without appropriate safeguards and mislead consumers with inaccurate, inappropriate or even false claims.
As new products appear and the promise of a bigger marketplace looms, both product and the market play a part in determining the most effective package.
The two principle purposes of packaging are to protect the product it carries and the consumer who buys it, and to market that product to purchasers, both directly and indirectly.