Why Cannabis Edibles Are Creating a Buzz
The ongoing legalization of cannabis, coupled with growing interest in the recreational and functional properties of infused edibles, has some food and beverage companies dashing to the drawing board to create new products that fill a growing niche while navigating complex regulatory and safety issues.
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The Times They Are a-Changin,” Bob Dylan’s 1964 anthem, could easily be the theme song for the budding cannabis edibles industry, which has gone from nearly nonexistent to a bona fide food and beverage category in the space of only a few years. Research from Technavio (2018) shows that the global market for cannabis edibles products, valued at $8.4 billion in 2017, is on track to register a compound annual growth rate of more than 25% between 2018 and 2022, to reach $25.7 billion. Holding the l…
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