The cannabis industry includes caregivers, distributors, processors, wholesale suppliers, personal users and industrial manufacturers, buyers, regulators, consultants and researchers about cannabis and its related industrial derivative, cannabis. The cannabis industry also includes investors and speculators who promote the cultivation, production and distribution of cannabis or sell cannabis accessories and products. Thus the cannabis industry has a wide base of potential investors and participants including manufacturers, suppliers, processors, entrepreneurs, investors and customers with varying geographical, cultural and educational differences. The following sections provide a brief overview of how the cannabis industry operates and what are the basic players in the industry.
The cannabis industry is organized around four key groups. First are the persons who grow, produce, distribute or sell cannabis. Second are the persons who supply cannabis or sell cannabis products to others, including growers, processors, suppliers and resellers. Third are persons who are interested in making a profit through the production, processing, distribution or sale of cannabis or products derived from cannabis.
The cannabis industry has many related sub-sectors and industries. One of the largest and fastest growing sub-sectors within the cannabis industry is the distribution and delivery industry. In recent years, delivery companies have come to replace the traditional hand-delivery routes. Some of the most common transportation and distribution sub-sectors include; wholesale club stores, bud dealers, marijuana delivery services, bud growing stores, labret packaging providers, and industrial hemp distributors.
Industrial hemp production and distribution are a rapidly growing industry within the cannabis industry. For example, Canadian Harvest is one of the leading manufacturers of industrial hemp seeds, extract, oils and fiber. The demand for hemp products, including clothing, seeds, energy products, cosmetics and building material, has been increasing. The cultivation of cannabis is closely associated with hemp production. Recent statements by prominent politicians and government officials advocating the legalization of cannabis have created significant interest in the industrial hemp industry.
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Recreational marijuana users are among the largest consumers of ancillary products in the cannabis industry. Since most cannabis users do not consume the product straight, it is unlikely that a cannabis industry would exist without ancillary items. For example, marijuana accessories such as pipes and rolling papers are commonly used by cannabis users. Ancillary cannabis goods help maintain consistency in the illegal cannabis market. A variety of equipment is available to assist in the production of cannabis.
Vaporizers are a new product that has recently become popular in the cannabis industry. In vaporizer devices, buds and stems are heated in the device, often over half a dozen times, before inhaling the steam. This method of consumption produces a concentrated, flavorful and potent marijuana experience. Some vaporizers use an electronic ignition system to ensure proper heating and ensure consistent quality of vapor. Other companies have begun to produce unique versions of devices that combine two or more of these methods to create a unique experience in a single package.