Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Decibel Cannabis Company Inc V.DB

Alternate Symbol(s):  V.DB.W.A | DBCCF

Decibel Cannabis Company Inc. is a Canada-based consumer-focused cannabis company. The Company is focused on premium cannabis flower, vape, cannabis infused, and concentrate products, created through a vertically integrated business model. The Company’s brands General Admission, Qwest, and Vox are among its portfolio, sold across Canada. The principal products produced and sold by the Company are ultra-premium cannabis flowers, vape cartridges, cannabis infused products, cannabis extracts, cannabis pre-rolls, and, on occasion, bulk amounts of cannabis biomass to other licensed producers in Canada. Its cannabis brands include Qwest, Qwest Reserve, Blendcraft by Qwest, Vox, and General Admission. Qwest cannabis is a small batch grown, nourished with glacial mountain water, hang dried, hand trimmed and cured. The Blendcraft is a small batch grown in British Columbia. Its strains are hand selected based on aroma, flavor and effect, then blended for a smooth smoking experience.


TSXV:DB - Post by User

Post by Oceanison Mar 27, 2022 10:05am
227 Views
Post# 34549592

Time4 an Organic Line or Get Left Behind.

Time4 an Organic Line or Get Left Behind.

Organic and Premium Cannabis: Consumers Want It and Are Willing to Pay for It

Departments - Upfront | Sales Trends

SUBSCRIBE

 

A number of marijuana consumers identify themselves as vegetarian, vegan or gluten-free, according to data collected on California medical marijuana users by cannabis market research firm Brightfield Group. Eight percent of frequent users (who consume at least five times/week) and 11 percent of infrequent users are vegetarians, versus 5 percent of adults nationwide.

Two percent of Americans identify themselves as vegans, according to a Gallup poll, while the vegan population among marijuana users ranges from 3 to 6 percent. This indicates that a healthy number of cannabis consumers are indeed paying attention to their diets and the health effects of what they are consuming.

Premium and Organic

More than a third of U.S. recreational and medical marijuana users indicated they would pay more for “organic products,” second only to “premium strains of flower,” which topped 40 percent.

This data has important implications. Marijuana users appear to be more demanding, seeking out quality and safety, than typical consumers. Companies that grow organically, seek certification (industry-based, since the USDA’s organic certification is not available for cannabis) and/or safety testing, or generate gluten-free-edible options will serve a wider market.

Not only is there demand and a willingness to pay more, but also a willingness to pay a high premium. Nearly half of marijuana consumers indicated they would pay 50- to 100-percent more for organic products. Organic-product consumers likely already expect to pay premiums; organic foods are approximately 47 percent more expensive than non-organic foods, per Consumer Reports. Those who target these consumers will have an early-mover’s advantage in tapping an already substantial, but potentially enormous market.





 

<< Previous
Bullboard Posts
Next >>