Arcview Market Research and Greentank Technologies Corp. Release Joint Year-Over-Year Report on Legal Vape Industry Trends
In partnership, Arcview Market Research and Greentank Technologies Corp., a business-to-business vape manufacturer, will release the first of many downloadable reports about the fast-growing vape industry. Working with Headset to collect data from nine cannabis markets in the United States and Canada, the newly formed vape report shares insight into new sales trends, the best performing products, and recent industry trailblazers.
Developed to drive further discussion and investment in the vape space, the report compares the first quarter of 2020 to the first quarter of 2021, focusing on the areas where vape sales are most prominent — California, Colorado, Washington, Oregon, Nevada, Alberta, British Columbia, Ontario, and Saskatchewan. Among many findings mentioned in the report, data collection results revealed substantial growth across the vape market, the cannabis sector’s second-highest-grossing product category during this period.
“Q1 year-over-year vape sales increased in every market that we looked at, with increases ranging from just over 18% in Nevada to nearly 300% in Alberta,” comments David Abernathy, Principal of Arcview Management Consulting. “Results from the study will be especially valuable for brands in emerging markets and for companies starting up in areas that are on the verge of being legalized.”
This report covers growth patterns across each prominent vape market, including units sold, unit price changes, cartridge size trends, best selling disposables and cartridges, best selling brands, etc. The facts and figures found can be used by cannabis companies to create successful marketing campaigns and groundbreaking products, which may ultimately lead to increased sales for their brands. Arcview Management Consulting and Greentank teams are prepared to help companies implement successful strategies based on the encouraging content of the report.
“It’s not enough to just provide the highest-quality vape hardware. Our focus is