Smoking pot will soon be as retro as smoking a cigar or enjoying a fine wine.
As the legal market for marijuana expands, product offerings have diversified from the standard dried flowers and cannabis-infused edible items like cookies and gummy bears to vaporizable oils and concentrates. They have become a major portion of legal marijuana sales, allowing consumers more potent and less overt forms of consumption. “Patients don’t want to be stigmatized or ostracized, they don’t want to be obvious,” says Rob Hunt, a general partner at cannabis-focused private-equity firm Tuatara Capital. “It’s important for people to have alternative forms of consumption, to consume in a way that’s anonymous.”
Twenty-three states have legalized marijuana for medical use, and four states and the District of Columbia have legalized recreational cannabis.
In Washington state, which legalized the sale of recreational marijuana in 2012, concentrates have grown from about 10% of all legal sales in the