Press Release (ePRNews.com) - Los Angeles, CA - Jan 17, 2017 - – mg magazine’s January 2017 issue profiles the state of the booming vape industry. mg magazine executive editor Rob Hill brings the vape industry’s stats and bright future to the forefront in this in-depth expose of the burgeoning business entitled: Welcome to Vapelandia! A Report on the State of the Booming Vape Industry
According to BDS Analytics, 2016 was a year of solid growth overall for the vape sector. And judging by the company’s data for more than 600 dispensaries and more than 50 million transactions, Director of Dispensary Relations Greg Shoenfeld said some vape sub-categories are exploding. For example, sales of vape cartridges in Colorado, Oregon, and Washington alone reached $146 million, a whopping 132-percent increase year-over-year.
Although vapers compose a large segment of dispensary customers, selling the devices in dispensaries has remained surprisingly elusive. Currently, vape hard goods represent only a small percent of overall sales. Most vapers still buy their hardware from head shops, online, or direct from the manufacturer.
2016 saw an increase in limited-edition collaborations. Grenco Science teamed with Snoop Dogg, New York artist Phil Frost and Burton snowboards, and Natalie “Badwood” Wood for product launches. PAX and Bloom Farms worked together on the PAX Era, a big success: PAX supplied the hardware; Bloom Farms the oil.
mg’s January 2017 issue can be found at Barnes & Noble retailers, or by calling (310) 421-1860.
mg is the leading national trade media organization for the legal cannabis retail market. Available both in print and digitally, mg places a singular focus on the people, plants and products that fuel the unprecedented growth of the burgeoning cannabis industry at the retail level. mg is the retail division of CANN Media Group, LLC which also operates in four other vertical sectors of the cannabis industry including hemp manufacturing, medicinal use, processing, and education.
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