RE:RE:Extractors Still Needed based on Artificial Cannabinoids???? This is Biosynthesis. I literally just mentioned this in a previous longer post. They're primarily focused on medical, are years away and significant investment from being commercially viable.
If you read the release, their focus is on a multitude of other cannabinoids, as nobody holds the patents to CBD/THC. The 11% growth on CBG is 11% up on an already tiny number. These releases are mostly speculative, which is why they contain language like this:
It’s not only cheaper to engineer cannabinoids than to extract them from plants; synthesis has other advantages, companies say. Those include a purer, pharmaceutical grade product and none of the legal headaches that come with parts of the industry that touch cannabis plants.
“Right now, making CBD means you’re in the farming business. By the time you harvest and extract and factor in the purification, it’s expensive,” said Dennis O’Neill, Biomedican’s chief investment officer. “And you can’t even produce the exact same product every time.”
If you're in the CBD space, your competition is the hemp industry, not cannabis. This is also a critique of vertically integrated companies. The industry has very much changed, Nextleaf produces both CBD and THC from either cannabis or hemp without growing anything. Purification tech has also since achieved final product stability/replication.
I agree with RM90090, synthetic cannabinoids will be PR spun into the "processed sugar" of cannabinoids, or disregarded entirely by people who only passingly pay attention to THC/CBD industry.
"Beyond meat" is an interesting comparison since the overwhelming majority of my vegetarian/vegan friends wont touch the stuff. It's synthetic processed food and its wildly unhealthy for you. Stigma could be a legitimate issue for them.