Cost per milligram of THC?
As cannabis reform spread across the United States, so much has changed in a short amount of time. With the increased demand for cannabis, the production of cannabis products has increased dramatically, and the quality and quantity of concentrates, edibles, and flower have exploded. One consequence of this is the decline in the prices of cannabis products in well-established legal cannabis markets in the United States.
This is good news for many cannabis users, as they now have many options to find out which method and cannabis product will give them the best high. Consumers who prefer to smoke flowers have countless varieties available in legal pharmacies. Those who love concentrates can also choose between isolate and full-spectrum, and edibles lovers can choose between infused olive oil and various gummies.
Although the cannabis sector continues to grow and seek to meet specific consumer needs and preferences, many consumers are limited by the cash available. As a result, they are more likely to be forced to choose their product based on available money rather than estimated effects.
For this reason, edibles are said to be growing in popularity, especially among consumers living in recently legalized cannabis states. This is because the price of flowers continues to rise due to overwhelming demand, thus becoming more expensive than edibles. As a result, many are turning to edibles for their cheaper and more standardized prices.
Are edibles cheaper than other marijuana products?
In the United States, prices for edibles are said to be cheaper and more standardized than flowers for a number of reasons. A major reason is that the production of edibles requires less labor and special conditions than flowers.
Large-scale cultivation of cannabis flowers requires a tremendous amount of space to keep cannabis plants healthy and distanced. This is not the case for edibles, which require less space. Aside from space, growers also need to be able to produce enormous energy for ventilation and lighting, huge commodities like nutrients and soul, and sufficient water for irrigating the farm beforehand. Compared to the production of edibles, flower production tends to require more equipment and costs.
There is also the human labor aspect that goes into growing and processing cannabis buds. Flowers, which are a finished product, have a higher price and value when pruned and cured with care, which requires more attention and time, and therefore more resources. On the other hand, cannabis chefs don’t have to put as much energy and effort into producing edibles as the process is more streamlined and easier to automate.
Additionally, edible makers only come into contact with flowers when they are delivered to them as a workable cut. This is where the biggest price differences lie. Extracts used in the manufacture of edibles are typically derived from less desirable cannabis plant parts such as popcorn and shake buds. As a result, edible Manayfactites can purchase plant parts at discounted prices from cannabis growers.
Using cheaper plant parts, edibles manufacturers can create high-quality cannabis products by converting cannabinoids into various digestible forms. Hence the cheaper and standardized pricing in pharmacies. For many consumers with the right mindset, biological makeup and tolerance, edibles have become their product preference of choice.
How edibles differ from joints
Lungs are the shortcut to the body’s bloodstream, so smoking cannabis has a rapid effect within 10 minutes. This is the main selling point for cannabis smokers. On the other hand, edibles take more than an hour to kick in.
But for many patients who have enough time to wait, their patience pays off when these edibles start to take effect. Because cannabinoids are broken down by the liver over time, the edible effects can last up to six hours. In the case of joints, on the other hand, the effect usually only lasts half the time. In addition, the liver digests and breaks down delta-9-THC into 11-hydroxy-THC, providing a stronger high and psychoactive effect.
Is Price the Main Reason for Edibles Sales Growth?
Given these reasons, the question remains, is price a big enough factor to influence consumers’ decision to switch to edibles? The truth is that edibles sales have increased in legalized cannabis retail and the price cannot be ignored. Edibles are generally priced between $20 and $30 depending on the type of product and quantity. These prices will generally get you 15-20 doses of THC in the illicit market, maybe 10-12 in the legal market. Meanwhile, in Illinois and Massachusetts, an eight costs about $57.
The truth is, paying less for a product that offers a stronger and longer-lasting high will always be a financial benefit. It’s safe to assume that some consumers would rather have more THC than less, regardless of the form it comes in. Still, edibles sales have been up in the United States since the pandemic.
Aside from cost, there are other factors that are responsible for the sudden surge in consumer trends to switch to edibles. The first factor is that edibles are an easier way to start using cannabis for beginners. Another factor is stress reduction. Many Americans are stressed and no longer want to resort to prescription drugs or alcohol for relief, making weed a viable option. While weed has fewer downsides compared to prescription drugs and alcohol, inhaling or smoking weed in the lungs is a deviation from the norm. Now, chewing and swallowing cannabis (edibles) seems to be the natural order of things.
Another concern of many consumers that could boost sales of edibles is health and safety. Since the coronavirus, many people are now wary of behaviors like smoking, which can irritate the lungs and expose you to virus exposure. Therefore, more and more people tend to opt for edibles.
Conclusion
The reason why edibles sales are increasing, whether it’s heightened health and safety concerns or price disparities, remains unclear. However, once the legal cannabis markets in the United States grow and stabilize, time will tell if price differentials are responsible for flower lovers making short-term economic decisions. Or even better, when the increased potency and long-lasting effects of edibles have won new fans across the country.
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