The North American Cannabis Industry Moves Toward Extracts

north american market for cannabis extracts

In legalized jurisdictions, the market for cannabis extracts is growing.

In the minds of many, cannabis remains inseparable from that classic image of white smoke billowing from a rolled joint, accompanied by that telltale green smell. But consumer tastes and habits are quickly changing as the cannabis market matures.

While the classic cannabis flower isn’t going anywhere anytime soon, it’s far from the only choice for the picky cannabis consumer. According to Leafly, the good old-fashioned smoked cannabis bud has fallen to a less than 50-percent market share in some legal markets.

Where smoked cannabis flower is declining with consumers, extracts are rising in popularity. Extracts — or concentrates — are products derived from cannabis buds that contain higher concentrations of active

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