(Image via Nextleaf Solutions Ltd. Click to enlarge)
The Global Activated Carbon Market is expected to garner 2.7 million tonnes and have a total addressable market over $5.1 billion in 2022, according to data from Allied Market Research.
One of Canada’s most innovative cannabis extractors has been granted a US patent for its system that allows spent biomass to reclaim residual cannabinoids, while simultaneously generating carbon with a desired porosity level.
When utilized, this patented process could allow
Nextleaf Solutions Ltd. (CSE.OILS, Forum) to maximize its cannabinoid molecule yield, reduce waste destined for landfills, and create a new business vertical at minimal cost.
With 18 patents to its claim, the company already has one of the largest collections among all cannabis companies, as well as a Greater Vancouver-based extraction plant producing low-cost cannabinoid ingredients under its Health Canada licences. Nextleaf's multi-patented automated extraction plant up-cycles aged cannabis flower and biomass, heated in stages, which would otherwise be destroyed, into high-purity cannabinoid ingredients at industrial scale.
Nextleaf CEO Paul Pedersen said in a media release on this news that, given the US House of Representatives’ passing the MORE Act - a bill that would end the federal prohibition on cannabis - and the need for the government to address the opioid epidemic, his team believes cannabis legalization will become a reality in the United States in the near term.
“With a US patent stack protecting what we believe to be the most efficient methods of producing distilled THC and CBD in a regulated market, Nextleaf is well positioned to benefit from US legalization.”
The cannabis industry has a major issue with cannabis waste.
MJBizDaily reported that in 2020, 20% of all dried cannabis (279,837 kilograms) was destroyed by Canadian licensed producers, and over 500 tonnes of cannabis have been destroyed since 2018.
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