What is CBD Vape Pen?
A Vape pen is a pen-like-shaped vaporizer used for vaping CBD juice and oils. Vape pens are divided into two broad categories disposable and refillable. A refillable Vape pen can be used more than once, while disposable Vape pens give the convenience of tossing them after vaping.
Vape pens also come in different designs, forms, and flavors. They do not get you high but gives you numerous health benefits of CBD. Due to its appealing design, you can carry your CBD Vape pen in your bag just like any other e-cigarette and use it wherever you need it.
Most people prefer vaping because it is smokeless. It is also a convenient and fast method of ingesting THC and nicotine. Overall, using CBD vaping could be the safest since it does not affect your lungs. It also allows the effects of CBD to kick into your body smoothly.
Vape pens are the most preferred method of consuming CBD. The body absorbs between 34-46 percent of the compound through vaping, which is a high percentage.
CBD Vape Pens Market Size, Share & Trend Analysis
Even though vaping has been around for a few decades, it recently started gaining popularity among teenagers and adults. The most popularly vaped product is CBD. Using CBD Vape pens is becoming very common and is expected to increase over the next few years.
The legalization of marijuana in many states has led to an explosive demand for CBD Vape pens. Colorado and Washington have experienced an outstanding market share of between 13% and 15%. Colorado also experienced a significant improvement in Vape pens market share from 15.7% in 2017 to 18.7% in 2018. When the sales focus only on concentrates and Vape, the market will command up to 86% of Colorado and Washington’s market share.
In 2018, disposable CBD Vape pens carried 18% of California’s wholesale market, but hat share declined to 5% over months.
The vaping market has been booming until the 2019 vaping crisis, where at least sixty-eight death cases were linked to vaping. The crisis was a result of a mysterious respiratory illness that left almost 3000 people hospitalized. As a result, the entire cannabis market reportedly dropped by 15% in the first week. The fear was attributed to two commonly vaped substances that are to CBD and nicotine. However, this market shift cannot be entirely attributed to the vaping crisis but also seasonality and consumer decisions.
As of 2020, the US vaping market was worth $6.2 billion. It is estimated that around 20 million US citizens use vape pens. In the recent past, CBD vaping has been on the rise, and the trend may continue in the foreseeable future as many people embraced its convenience, discrepancy, and immediate effects.
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