PreRoll Trend Update

In 2021, 46% of cannabis consumers reported enjoying pre-rolls. Last year, pre-roll sales in recreational U.S. cannabis markets saw 59% year over year growth with total sales increasing from $704M in 2019 to $1.12B in 2020. This growth in pre-roll sales outpaced the total market which grew by 54.2% over the same period, according to data from Headset. When survey respondents were asked to talk about their pre-roll production processes, it becomes clear that increased automation is how producers are scaling to meet demand. Cone-filling machines are becoming mandatory. Additionally, industrial grinders are key to breaking down the cannabis product prior to packing. Any business looking to move pre-rolls at scale needs these two machines. There is a surprising number of businesses still using hand sifters and blenders who need to now start automating their processes before it's too late. Show Notes: The Valens Company Closes Its Largest Pre-Roll Manufacturing Agreement To Date https://www.benzinga.com/markets/cannabis/21/08/22716474/the-valens-company-closes-its-largest-pre-roll-manufacturing-agreement-to-date US CANNABIS DISTRIBUTION TRENDS REPORT: Flower/Pre-Rolls https://global-uploads.webflow.com/596691afde3c5856d866ae50/6131391c5085390de011b114_Q321_US Cann_Flower_Pre-Rolls_Distribution Report_FINAL.pdf Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/ Episode 806 The Talking Hedge: Your Cannabis Business Podcast. ​Covering cannabis products, reviews, business news, interviews, investments, events, and more. https://www.theTalkingHedgepodcast.com Music Info: Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats Keywords: Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.