The Growing Demand for Cannabis Oil
When California took the lead and legalized cannabis, CBD and other cannabinoids weren’t really the focus. Today, the global CBD oil market tells a different story, with experts predicting significant growth from oils derived from the cannabis sativa plant.
Top 4 Reasons for the Upsurge in Demand for Cannabis Oil
If the numbers are anything to go by, there is massive opportunity for businesses that deal in cannabis oil. Here’s a quick look at some of the primary reasons for this increase in demand:
Legalization of cannabis: The widespread legalization of cannabis and cannabidiols across the United States, Canada and other parts of the
world is also a key determinant.
Increase in hemp farms: The noticeable increase in industrial hemp harvest, thanks to the recent declassification of hemp as a controlled
substance, and the legalization of hemp in almost every state in the United States is a driving factor for growth. Going forward, experts predict that
hemp farms will start to launch their own CBD related consumer products.
Cannabis-infused edibles: Consumers continue to experiment with cannabis oil in different formats. The edibles market is another growing
segment within the cannabis market with recent studies suggesting that a growing majority of consumers are interested in trying
Therapeutic research: CBD oil and its related products have witnessed a surge in demand as research in this area progresses.
The biggest challenge for manufacturers is to meet the increasing consumer demand for a high-quality, compound-rich oil with a clear golden character that is free of chlorophyll.
Trends for the Future
With rapid growth in this new segment, the cannabis oil market will continue to evolve in both regulatory requirements and innovation in product and processing.
Key future trends include:
- Custom processes
There is a need to look beyond a one-size-fits-all approach to products and the key manufacturing steps (including oil separation, extraction,
isolation and purification). It is important that manufacturers understand the need to devise different processes, emphasizing cost reduction and optimizing yield at scale.
- Product innovation
- Product marketing
The consumers’ buying journey is at the forefront of marketing tactics across industries, with businesses doing their best to engage with these consumers through product innovations, content legitimacy/certification, consumer education, dosing, and more. In this market, we will see
businesses engaging with customers using inventive branding, communication and marketing.
Producers are looking to engage with experts who can offer solutions to their manufacturing challenges. Pall Corporation
specializes in offering filtration, microorganism monitoring solutions, and products that are GMP and FCC compliant.
Take a look at the process flow diagram below to learn about the production process for cannabis oil.
Ethanol Extraction Process Flow
CO2 Extraction Process Flow Diagram
Get in touch today to learn more about our filtration solutions and for a free 30–minute filtration consultation. Simply fill out our form and one of our experts will be in touch.
Die Pall Corporation unterstützt, fördert und bewirbt nicht den Einsatz ihrer Produkte oder Dienstleistungen in Verbindung mit dem illegalen Gebrauch, der Kultivierung oder dem Handel von Cannabis und Cannabisprodukten. Pall products are intended to be used for cannabis related purposes only in compliance with all applicable laws in a manner that promotes public safety and/or in connection with any lawful and approved scientific or research activities.