Saturday, March 16, 2019

Can cannabis competitors steal share of beverage buzz?


Wendy Berger gave us an interesting lead on cannabis-infused beverages as a growth area, a nice middle ground between the immediate high of smoking and the delayed onset of edibles. I was curious about what's available out there now and what the technical challenges are in production.

Beverages are currently 6% of edibles sold now, and one analyst at Canaccord Genuity thinks it could be estimated market of $600M by 2022, split roughly 40/60 between CBD- and THC-based (source).

Problems:
  • Hemp oil's grassy flavor is hard to mask
  • Cannabinoids (e.g., THC) are oils in their natural form and don't mix with water, so getting a well-mixed gulp requires frequent shaking
  • Texture and look of infused drinks tends to be murky or opaque

Interesting products:
  • Nano-emulsion processes that can break cannabinoids into smaller particles, and mixing them into water-based liquids using surfactant chemicals - but surfactants themselves taste soapy
  • Cannabis-infused syrups and sweeteners

Some leading CBD-infused drinks:

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