vape Archives - Green Market Report

StaffApril 20, 2021
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5min51679

Vaped is looking tohire a full-time remote tester for $42,000 US dollars per year to step in and do the dirty work: and test out vaporizers. It’s not an easy job but someone’s gotta do it.

The ideal candidate will receive their vaporizers 100% free!

So what does the job entail? 

  • Analysis of the functionality of the vaporizer (ex. size, vapor production, temperatures etc.)
  • Product testing (ex. how long does the battery last)

  • Instructions of use

  • How to clean and maintain the vaporizer

  • Comparisons to other similar units

  • Your personal feelings about the vaporizer

  • A video, write up and photography of each vaporizer

What does it pay?

Yes, this is a paid role! The successful applicant will get $42,000 per annum with three weeks vacation.

Benefits did I hear you say?

  • Do something you love and get paid for it
  • Free vaporizers and equipment for the term of your employment
  • $250 /mo expense account
  • Remote working
  • Be part of an exciting and growing industry
  • Join an awesome team
  • Fully flexible work hours – day or night

Who is Vaped?

Established in 2015, Vaped has become one of Canada’s premier vaporizer e-commerce destinations. We believe that vaporizing is the best way to consume dry herb. One big differentiating factor is the time we put into reviewing each vaporizer we carry. Our goal is to ensure that each customer makes an informed decision and is ecstatic about their purchase.

A word from the founder Christian Sculthorp:

 I need someone who is confident to take over reviews, someone who knows the difference between a Volcano and an Xmax Starry. Who understands what each customer is looking for. So if you are someone who is passionate about vaporizers and has the ability to create well-produced, helpful videos and write-ups on the vaporizers. I want to hear from you. I think it’s an amazing opportunity for somebody, and I look forward to us working together.”

If you want to apply, you can do so https://vaped.com/pages/hiring-vaporizer-tester

FAQS
Is the idea to test vapes solely for cannabis products, or does it also involve testing nicotine products as well?
Vaporizers are designed for use with any ‘vapable herb’. We expressly don’t recommend nicotine, but as well as marijuana, other ‘dry herbs’, such as potpourri, lavender, and camomile all are appropriate for use with our products.

And the $250/month expense account is for buying the cannabis products, correct?
The $250 a month is a general expense to buy product that can be used in our Vaporizers, which yes, includes marijuana, but as we said above, can be a number of different options depending on the legality of marijuana where you live.

Lastly, how would this work in terms of legality? Should people only apply if they live in states where recreational marijuana is legal? (Or is there a terms & conditions page that has all this info?)
Vaporizers are legal throughout the United States, but testers should only use the expense budget for marijuana if they are in a state in which the smoking of marijuana is legal, or if they have the appropriate medical marijuana licence as dictated by the laws of their state.


StaffMarch 4, 2021
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8min8820

Editors Note: This is a guest post. 

The booming USA cannabis industry has had to overcome many hurdles to reach the position it is in. With amendments to the Prevent All Cigarette Trafficking (PACT) Act it may have hit yet another setback. In the following article we explain what the PACT act is all about, how the amendments to the act will affect the industry and those who work within it, and what the answer may be going forward. We’ll begin by explaining the act itself and its origins. 

What is the PACT Act? 

The PACT Act was originally passed as law in 2008. However, it has its roots in an act drawn up 60 years earlier in 1949 called the Jenkins Act. The Jenkins Act was aimed at combatting contraband tobacco. It required all carriers who were shipping tobacco or tobacco products across state lines to report the sale of such products to the relevant tax authorities. Tobacco was, naturally, a much-traded product in terms of illicit deals, hence the requirement for the act to impede on tax avoidance.

In 2009 the PACT Act amended the Jenkins Act. Additions to the act included the prevention of the U.S Postal Service (USPS) from delivering cigarettes and tobacco products. This amendment also applied to smokeless tobacco products. The Act also requires sellers of tobacco products to adhere to strict regulations including registering with the ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives) and the tax authorities in the state they are shipping to or, in fact, where an advertisement for such products is displayed.

In addition, they must use a carrier who checks the identification of the recipient, and records of sales must be kept for a number of years, among other specific requirements. Originally these regulations did not apply to vaping products. That is about to change, as we will explain. 

How Will the PACT Act Affect the Cannabis Industry? 

The recent amendment to the PACT Act – ‘Preventing Online Sales of E-Cigarettes to Children Act’ – brings vape products under the umbrella of the act. Within the wording, the definition of ‘cigarette’ has been amended to include ‘Electronic Nicotine Delivery Systems’ (ENDS). At first glance ENDS appears not to include cannabis products. However, the Act defines ENDS as follows:

“any electronic device that, through an aerosolized solution, delivers nicotine, flavor, or any other substance to the user inhaling from the device including an e-cigarette; an e-hookah; an e-cigar; a vape pen; an advanced refillable personal vaporizer; an electronic pipe; and any component, liquid, part, or accessory of a device described without regard to whether the component, liquid, part, or accessory is sold separately from the device.”

This means that USPS can no longer deliver vape products to consumers. There is some debate ongoing as to whether USPS can deliver business to business – such transactions were exempt from the original PACT Act where strict criteria were met – as the service has yet to publish its intentions. 

There has been plenty of reaction within the industry, notably from online retailers and suppliers of vape products who face potential damage from the latest amendments. For example:

The ban is going to affect cannabis industry also. We are working on a plan with alternative shippers to get our customers their weed vaporizer products, however, the shipping time and shipment fee may increase” the owner of vape4ever.com said. Vape4Ever is an established online supplier of quality vaporizer products at the leading edge of the market.

A worrying addition to the above is that two of the major US carriers – FedEx and United Parcel Service (UPS) – have announced they will no longer transport vaping products in the USA, with FedEx applying its rules from March 1st, 2021, and UPS enforcing the ban from April 5th. T

What Happens Next?

Whether the current cannabis industry growth projections – which are very healthy indeed – remain in place in the face of the PACT Act remains to be seen. The major concern is for smaller businesses in the vape and cannabis industry who face expensive upgrades to their computer systems as well as revisions to their working practices in the light of the USPS, FedEx and UPS transport bans that are coming into effect shortly.

The ACT requires the USPS to officially clarify the regulation on the carrying of ENDS by April 27th, 2021. At the time of writing there has been no such clarification, and businesses are advised to ensure compliance by that date at the latest. There will be a need for suppliers to find private logistics solutions in order to enact delivery of vape products, and many are currently investigating and organizing such solutions.

The PACT Act is a blow to a burgeoning industry that has given rise to many small outfits and provides many jobs, and it is hoped that the smaller players in the market can find a cost-effective solution to comply and enable delivery to continue.


StaffSeptember 18, 2020
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8min12380

Editors Note: This is a guest post. 

vape

We’ve all witnessed the epic expansion of the vaping market in recent years, with people of all ages joining in on the trend. It seems that no matter where you turn, there’s always that one a guy or a girl with a vape pod in any group of friends. 

Well, the increased popularity has caused quite a bit of a stir in the vaping industry, and there are a number of changes on the horizon. If you just want to buy vape juice online, get a colorful pod, and join the community, it’s a perfect time to do so.

Here are just some of the biggest trends that all you vapers, and soon-to-be vapers, can look forward to. 

Things Are Getting Smaller and More Efficient

Yeah, while our cell-phones have been getting bigger and bigger over the last decade, the vaping world has been hit by a shrink ray. Vape pens have gotten a lot slimmer, with some quite elegant models seen in the hands of Instagram fashionistas. 

Going with a smaller size doesn’t mean sacrificing all the power, though, as these compact devices are real workhorses. They’re easy to carry around, they have a perfect look for those who want to be a bit understated and classy, and they work just as well as their chunkier counterparts. 

Some people are even buying these slimmer models as a backup for their larger vape pods, something that they can just grab on a short trip to the store or when taking the dog for a walk. 

These tiny vape pens are also great summer accessories for the ladies, as there’s often not enough pocket space or handbag real estate for a large pod.     

A Whole Rainbow of Exciting New Flavors

In the past couple of years, the governments of several states were ready to crack down on vaping equipment, especially the more eclectic flavor mixes, fearing that they would get kids to start taking up the habit. However, this was shown to be a murky issue at best, as about 30% of high-school students reported that they tried two or more tobacco products.

 Be that as it may, the mere existence of different flavors didn’t make traditional cigarettes any more enticing than they already were, and having fun e-liquid flavors is not the issue here either. Luckily, with a lot of states backing away from draconic measures, we now have access to an amazing variety of blends. 

That’s great news for anyone experiencing vaper’s tongue, where the person gets so used to a certain flavor that the vape juice starts feeling bland and tasteless. The best cure is to switch things up, using different flavors, and there’s a ton of options now. 

Remote Access to Vape Pods

As of 2018, 87% of survey respondents said that they regularly used WiFi around the home. I’m willing to bet that the number is well into the 90% range by now, and it’s easy to see why. It’s incredibly convenient and allows for some cool IOT gadgets around the house as well.

It looks like the simple old vape pods and desktop vaporizers are offering WiFi connectivity as well. Some smart vaping devices now have apps that allow you to modify anything from nicotine content to the power output using your phone. The app can also keep track of your preferences and give you insightful analytics on your nicotine consumption. 

These cool little gadgets will be the perfect fit for both tech geeks who love the extra functionality and those who’ve been trying to quit smoking but never really kept track of how much they were smoking every day. Be on the lookout for new models, as this smart vaping trend has taken off big time in 2020.  

Tighter Quality Control

As we mentioned earlier, there have been raising concerns about the health implications of vaping, so the manufacturers have really tightened up their quality control. Another reason why we are now seeing higher quality products at even the more reasonable price points is all the competition on the vaping market

With the market expanding, new brands are popping up, and everyone is doing their best to please the consumers and build a solid reputation. 

The vaping industry is experiencing massive growth in this era of lockdowns and isolation, and the explosion in demand has caused the market to adapt. What this means for the users is more options in terms of e-liquid flavors, high-quality devices at lower prices, smart technology, and incredibly compact and elegant vape pens. 

It’s a great time to go away from cigarettes and go with fun flavors with much less nicotine, combined with a classy gadget that’s sure to turn a few heads. 


Debra BorchardtNovember 26, 2019
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8min12110

SLANG Worldwide Inc. (CNSX: SLNG) reported its 2019 third-quarter revenue in Canadian dollars of $9.3 million which rose 29% over the $7.2 million of revenue produced in the second quarter of 2019. It easily overshadowed last year’s net revenue of $1.6 million for the same time period.  The company said that the increase reflected ongoing business strength in core markets and a favorable shift in product mix, including accelerating sales of premium products in the SLANG portfolio.

Slang also delivered a net income of $0.4 million in third-quarter versus net income of $17.5 million in the second quarter.  The company reported a net loss of $16 million in 2018 for the same time period. The company said that the net income gain was driven by a favorable $106.6 million fair value adjustment to derivative liabilities and the options to acquire NS Holdings Inc. and ACG, offset by a non-cash impairment charge relating to a write-down of goodwill for acquisitions completed in January 2019 and by increased operating expenses in the quarter.

“In Q3 2019, we continued to see strong organic revenue growth. Across our portfolio, we saw favourable developments, including a shift in consumer spending toward the premium end of our portfolio, particularly Craft Reserve and Firefly. We continue to diversify our portfolio of products to increase total cannabis market share across both historically strong and blue-sky product segments, for SLANG,” said SLANG CEO Peter Miller.

Additional Financing

Slang also announced a non-brokered private placement financing for $15 million. Investors include existing institutional shareholders of the company and additional investment by investor Bruce Linton. Slang said it intends to use the proceeds of the private placement to support strategic growth opportunities and for general corporate purposes.

Miller added, “We are excited to accept additional financing. This significant capital infusion from existing, long-term shareholders further strengthens our balance sheet. The company’s ongoing efforts toward increased acquisition-centric efficiencies, our goal of positive operating cash flow by mid-2020, today’s enhanced cash position, and our powerful, multi-state platform allow us to be opportunistic around growth opportunities in this dynamic environment. We see a huge opportunity in flower, ultra-premium concentrates, and other previously untapped product segments for SLANG.”

Vape Sales Continue

Despite the vape crisis, which has put a dentin most vape product sales, Slang said that it saw an increase in quarterly revenue driven by higher sales of premium products within the portfolio. “Despite sociopolitical headwinds, our leading Craft Reserve and Reserve brands in the O.penVAPE line maintained a #1 sales position across key markets, including Colorado, New Mexico, and Vermont.

The company statement also noted that within most key markets, the Slang SKUs are among the highest-selling concentrate products on shelves, including in Colorado where 6 of the highest-selling vape SKUs are either Craft Reserve or Reserve products. “As part of its iterative product strategy, SLANG soft-launched the FireFly Mini product in Colorado during Q3 2019. After positive traction in the market, the company now anticipates a full state-wide launch in Q4 2019, followed by a product roll-out in California, Oregon, and Washington in the first half of 2020. Additionally, SLANG anticipates offering further additions to its product mix, including live resin products in 2020.”

 


Debra BorchardtNovember 8, 2019
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4min927119

The Centers for Disease Control updated its website today. The organization said that recent CDC laboratory testing of bronchoalveolar lavage (BAL) fluid samples from 29 patients with EVALI submitted to CDC from 10 states found vitamin E acetate in all of the BAL fluid samples.  Vitamin E acetate is used as an additive in the production of e-cigarette, or vaping, products. This is the first time that we have detected a potential chemical of concern in biologic samples from patients with these lung injuries.

As of November 5, 2,051 cases of e-cigarette, or vaping, product use associated lung injury have been reported to CDC from 49 states (all except Alaska), the District of Columbia, and 1 U.S. territory. There have been 39 deaths in 24 states and the District of Columbia.

CDC continues to recommend that people should not use e-cigarette, or vaping, products that contain THC, particularly from informal sources like friends, or family, or in-person or online dealers. We will continue to provide updates as more data become available.

The website posted these new findings:

New Laboratory Findings:

  • Analyses of bronchoalveolar lavage (BAL) fluid samples (or samples of fluid collected from the lungs) of patients with e-cigarette, or vaping, product use associated lung injury identified vitamin E acetate, an additive in some THC-containing products.
  • Recent CDC laboratory test results of BAL samples from 29 patients submitted to CDC from 10 states identified vitamin E acetate in all BAL fluid samples. THC was identified in 82% of the samples and nicotine was identified in 62% of the samples.
    • CDC tested for a range of other chemicals that might be found in e-cigarette, or vaping, products, including plant oils, petroleum distillates like mineral oil, MCT oil, and terpenes (which are compounds found in or added to THC products). None of these potential chemicals of concern were detected in the BAL fluid samples tested.
  • This is the first time that we have detected a potential chemical of concern in biologic samples from patients with these lung injuries. These findings provide direct evidence of vitamin E acetate at the primary site of injury within the lungs.
  • These findings complement the ongoing work of FDAexternal icon and some state public health laboratories to characterize e-liquid exposures and inform the ongoing multistate outbreak.

The CDC admitted that no one compound or ingredient has emerged as the cause of these illnesses to date, and it may be that there is more than one cause of this outbreak. Many different substances and product sources are still under investigation.


StaffMarch 28, 2019
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4min7070

March 28, 2019 – TORONTO, CANADA/AxisWire/ Green Tank Technologies, (“Green Tank” or the “Company“) a leading manufacturer of innovative, high-performance vaporization hardware is pleased to announce the completion of its Series A round of financing. The company, launched in 2016 by brothers Dustin and Corey Koffler, secured the CAD $14 million in funding with continued support from existing investors, including Green Acre Capital, coupled with strong demand from new investors including a cornerstone investment by Newstrike Brands, a leading Canadian licensed producer whose strategic partners include Canada’s iconic musicians The Tragically Hip.

The funding comes at a pivotal time for Green Tank, with anticipated revised cannabis regulations coming into effect in late 2019, permitting the legal sale of vapes across Canada. The Company, which experienced annual revenue growth of nearly 300% in 2018, is now working with over 130 brands in the United States and international markets and has signed partnerships with over a dozen licensed producers in Canada including some of the largest in the country. Green Tank also recently announced the launch of a new certified child-resistant vaporizer cartridge, designed exclusively for the cannabis industry. The capital raise will be used to help the Company scale operations, accelerate product innovation, and attract top talent.

According to BDS Analytics, vaping is rapidly becoming the number one cannabis consumption method for recreational and medical use in the United States. In California, vape as a category accounts for roughly 30% of all legal cannabis sales. The appeal of vaporizers, whether it be the discretion they offer, their convenience or the easy entry point they are to new cannabis users, represents a growing trend in the marketplace. Consumer demand, led by vaporizers, is propelling concentrates toward an estimated $8B in retail sales in 2022, outpacing growth in traditional flower sales. Vape sales are expected to hit $6.5B in the same timeframe.

“This financing will enable Green Tank to capitalize on new opportunities on a global scale. It will allow us to achieve our innovation goal of producing the highest performing vape technology on the market and to become the premiere B2B solution for our brand partners around the world,” said Corey Koffler, Green Tank Technologies Chief Operating Officer.

“Our strategic investment in Green Tank underscores our vision of building a premier consumer brand for the adult recreational market, with significant emphasis on the vape category,” said Mark E. Burton, Chief Strategy Officer, Newstrike Brands. “We expect vape products to be a significant part of our overall revenue profile and we are excited to be working closely with Green Tank to design and deliver highly innovative vaporization hardware specifically designed to work seamlessly with our unique cannabis extracts.”

About Green Tank Technologies

Green Tank Technologies designs, develops and manufactures innovative, high-performance vaporization hardware exclusive to the cannabis industry. The company is committed to providing licensed producers and extractors with state-of-the-art vaporization technology, engineered specifically for each brand’s extract formulations.


Debra BorchardtMarch 11, 2019
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5min14800

There’s an old saying that ‘all politics is local’ and it turns out the same goes for marijuana prices. A new report from cannabis data company Headset looked at pricing trends from four key states that have fully legalized cannabis including two states with mature sales data and two fairly new states.

The study examines average item prices throughout 2018 and for the first two months of 2019. The sales data comes from customers who participate in store loyalty programs, as well as the $4.5 billion in transactions that Headset tracks.  

The general rule of thumb is that California prices are high by all measurements and Washington has the lowest prices in the country.  However, that isn’t the end of the story. California’s adult use sales are fairly young and with the changes in regulations last summer, the market changed dramatically. The report notes, “You might think Colorado’s vertical integration would drive the price down…but it seems to actually keep prices higher.” Various taxes within each state and the age group of consumers also affects the data for prices paid.

Headset found that the average item price (AIP) across California, Washington, Nevada, and Colorado ranged from $15-$30. States with the most mature markets had the lowest prices. Washington state started out with high prices, but the prices dropped as competition and supply drove them down and at this point, there is really no room from more price reduction. Prices in Nevada also fell as the market matured except for certain products. California’s average prices jumped by $5, but it is expected that eventually, the state’s prices will fall.

Vapes Are Pricey

Vape pens are the most popular cannabis category and the most expensive. The AIP is approximately $43. Apparently, vape pens are not as easy to buy in the illicit market which removes that level of competition keeping prices high. Nevada is the highest priced state with an AIP that comes in at $48. Headset suggests that the state knows it is mostly dealing in tourist trade and able to keep prices high.

The report did a deeper dive into the vape pen price per gram and again Nevada’s is the highest with a whopping $96 price per gram for vape pens. The lowest is Washington’s, whose AIP for vape pens is $25, but the price per gram for the pen is $36, almost three times lower than Nevada.

The price per gram measurement works well for other smokable forms like flower, pre-rolls or concentrates. Nevada is, once again, the most expensive at a price per gram for flower of $13.70 and $14 for pre-rolls. Colorado has the cheapest flower at $4.60 and Washington has the cheapest pre-roll at $5.50 per gram.

When it comes to other form factors that aren’t smoked like edibles, beverages, tinctures or capsules, the measurement is milligrams per THC. In this category, the states are very close in price with only cents separating the expensive from the cheap.

Millennials Are Bargain Shoppers

Older people with more disposable income are willing to pay higher prices for cannabis products versus millennials and post-millennials. The younger group spends on average 20% less on single grams, while baby boomers will pay 10% above the average. The younger group is willing to buy in bulk if they think they can get a good price. They are bargain shoppers. Headset thinks bulk packaging could become an important market as more millennials push for value shopping.

The report suggests that AIP isn’t the only metric to watch to see where prices are headed. They say watch the price per gram and the package size.


StaffFebruary 12, 2019
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3min35560

The vape pen category has shown enormous growth in the cannabis industry, but not all vapes are created equal. Consumers are also beginning to show a preference in their purchasing habits when it comes to vapes as well. Kurvana has kept an eye on these trends and has managed to make a product to satisfy multiple consumers.

Cowen & Co.’s senior analyst Vivien Azer wrote that vape pens have grown their dollar share from 5.8% of the market in January 2016 to 14.7% in May 2018. Vapes have become the number two form factor in the cannabis industry trailing flower which commands a robust 52% of the market. However, flower sales have been losing ground to the vape pen sales.

Azer also determined that pricing varies for vape pens according to the market. For example, a vape pen in Washington state averages $26.31, while in Nevada that number jumps to $49.14. Consumers are also demanding to know more about their vape pens as the market gets flooded with products from dubious sources. Some companies buy their hardware from China from the same manufacturers that make e-cigarettes, but tobacco oil is thinner than cannabis oil, so additives are introduced in order to use the hardware.

Kurvana sources only the highest quality raw flower from organically grown cannabis, provided by trusted farmers well-known to the industry. Kurvana uses a proprietary 50-step process to purify the essential cannabinoids, tasty terpenes, and natural ingredients that contribute to the unique experience of vaping with full spectrum Kurvana oil. They never introduce extra terpenes or additives of any kind, because they distract from the plant’s original essence.

Consumers are also leaning more towards mood based vape pens versus strain based. Kurvana has captured both sides of this market. The ASCND pens offer 10 different strains that are clearly marked as to whether it is indica, sativa or a hybrid. Then the company’s website breaks it down even further into an easy to follow chart so that consumers can locate the symptom they want to address and find the pen to best address it.

The products are only available in California at this time, but with this is a high potency, attractive pen with a great taste that consumers will want to find.


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