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Vaping: Another Hot Cannabis Consumption Method



  • Given the rise of alternative cannabis consumption methods it’s not crazy to imagine that smoking will soon become the “alternative” versus the mainstream.
  • From discretion, to portability, to carcinogen minimization, vapes are rising in popularity.
  • Vaping is now one of the most popular “alternative” cannabis consumption methods, with no sign of slowing down.
  • In this article, we provide a quick overview of the publicly traded companies that are in and around the cannabis vaporizer business.

Growth In Vaping and Consumption of Cannabis Oil

Vaporizer sales are rising, and consumption of cannabis oils is rising too. In order to take advantage of these trends, we wanted to look at the publicly listed vaporizer companies to give an overview of what companies could ride this wave.

According to The Global E-Cigarette & Vaporizer Market Forecast 2017-2027 from Visiongain, the "overall world revenue for E-Cigarette and Vaporizer market. will surpass $9.5bn in 2017."

Beyond that, in the two most recent quarters of medical marijuana market data released by Health Canada, growth in cannabis oil sales was stronger than growth in both the number of registered patients and and the growth in dried marijuana sales.

Cannabis oil sales just brought in record monthly revenues at Aurora Cannabis Inc. (ACBFF), and we can assume other oil-approved licensed producers will notice similar results.

To be clear, cannabis oils can be consumed in ways other than vaping, and there are vaporizers on the market that use whole flower as opposed to concentrates, but it’s safe to assume that some of these oils made their way into a vaporizer of one form or another.

Down here in the United States, the California based marijuana delivery service, Eaze found that deliveries of vaporizer cartridges increased 400% from 2015 to 2016 and that more than 1 in 5 of their deliveries included vaporizer cartridges in 2016.

Now that we've established the growth opportunity in the vape space, it's time to break down the companies involved to see what's out there.

The Players - Vaporizer Focused Companies

Gilla, Inc. (OTC:GLLA)

ChartGLLA data by YCharts

Gilla, Inc. manufactures, markets and distributes generic and premium E-liquids, electronic cigarettes and other hardware for vaping. The company is becoming increasingly involved in the development and marketing of vaporizer products specifically intended for use with cannabis.

This article was written by

Your trusted source for coverage on all things cannabis.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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