The global pandemic seems to lead consumers to cannabis and vaporizer manufacturers are recording record sales. From start-ups to big players, several top manufacturers have reported that their companies are seeing an increase in sales since the beginning of the crisis. In many cases, consumers see limited availability in some of the top models as manufacturers try to cope with high demand.
Some executives see the pandemic as leading consumers to accept cannabis and push for legalization nationwide. With legalization, new consumers are entering the market and companies such as Canopy Growth, PAX and Grenco Science seem to be benefiting as manufacturers of some of the best vaporizers on the market.
Supply chain issues are partly responsible for the reduced supply of products and cannabis consumables are not the only ones in short supply. For the purchase of USA., many products, from bicycles to kayaks, are hard to find right now.
Grenco Science was founded in 2012 and was one of the first companies to buy dried herbal vaporizers. In 2019, the company raised its funds to develop and market innovative products around cannabis. In early 2020, the company launched Dash and the Roam, a portable condenser vaporizer with a water filter.
Then the COVID-19 he appeared.
CEO and co-founder Chris Folkerts says product releases have lagged behind, but the company was still able to launch Roam and Dash.
"We can still see growth in the area and significantly expand the product pipeline," Folkerts said. "There are still releases scheduled for later this year so we will be able to launch the redesigned Stundenglass after the company is acquired."
Indeed, Grenco had a busy pandemic, launching two new products and buying another manufacturer. And they are not over. Folkerts says interest in dried herbal vaporizers and hemp is growing and could be due to the release of Dash vape. Grenco has three more new dry herb vaporizers to launch in the near future.
Folkerts admits there have been problems along the way, mainly with customer support and products shipment. The company saw an influx of orders in its online transactions that it was not prepared to handle. The company had to redefine "a large part" of its staff to manage consumers in the Internet and encounter problems with products and their delivery.
Canopy Growth Storz & Bickel vaporizer company also faces increased customer support problems. In all user forums it is clear that the company can not keep up with the demands of its customers. Buyers report delayed shipments and inconsistencies in customer support. Most cannabis related items on storz-bickel.com carry a "low stock" warning, although most are available through official distributors.
Andy Lytwynec, vice president of Global Vape Business at Canopy Growth, says Storz & Bickel's sudden growth exceeds expectations and the company has accelerated its expansion production.
In 2000, Storz & Bickel released Volcano, which is the first notable dry herb vaporizer. The company now has two versions of the Volcano and a variety of mobile devices using the same underlying technology, all certified for medical use. In 2018, Canopy Growth acquired Storz & Bickel, where it joined the other vaporizer brands of the group.
Lytwynec uses Storz & Bickle as a barometer to judge the effect of COVID-19. The German vaporizer company saw an increase in sales, according to the latest quarterly report from Canopy Growth. The company reported a 71% increase in cannabis-related products in the first quarter ending June 30. The financial report pointed to the increase in sales and distribution of Storz & Bickel as the primary reason for the increase.
During the pandemic, consumers do not simply turn to dried herbs and cannabis. Manufacturers of condensing vapors are also seeing an increase in sales.
Puffco, the maker of the fantastic Puffco Peak e-rig, says an explosion has occurred in sales. Puffco founder Roger Volodarsky says: "Since the pandemic broke out, it seems that many new users have joined the cannabis industry. Puffco has seen historic sales during this period. We are grateful to see our growth continue despite the challenges we have faced. "
Instead of using ground herbs, Puffco products are designed for use with concentrates, which many consider the next big market for cannabis.
Six months after the onset of the global crisis, the cannabis market appears to have grown significantly as manufacturers have increased production and staff to meet demand.
Canopy Growth's Lytwynec sees recent months as a turning point for cannabis, not just for its financial impact or legitimacy. He states that consumers are beginning to see and accept cannabis differently.