Delta-8 THC Generated $2 Billion In Revenue In 2 Years, Report Finds

Contributing sentiments towards policy:

54% : Furthermore, in states where marijuana is legal, nearly a quarter of marijuana users express interest in purchasing delta-8 products in the future.
52% : The report suggests some options that marijuana and CBD companies can take to deal with the surging popularity of delta-8 THC products.
52% : An alternative approach, according to the report, is for marijuana and CBD companies to "diversify" into the delta-8 THC market by incorporating Delta-8 and other similar products into their product offerings.
51% : In addition, it seems that there is already a significant amount of confusion between delta-8 and delta-9, the main compound of marijuana, even in places where that is legal.
47% : As 64% of CBD users report using marijuana at least occasionally, these consumers may be inclined to shift towards THC, particularly in areas where adult-use THC is not legal.
41% : In states where marijuana is still illegal, delta-8 has emerged as a cost-effective and accessible way to experience psychoactive cannabis.
37% : However, the report notes that delta-8's increasing popularity in places where marijuana is still illegal could negatively impact support for legalization.
37% : The Farm Bill could bring regulation to this unregulated market, completely ban these products, or take no action at all.
36% : It can be obtained legally or through mail-order, providing consumers with a less risky (legally) alternative to getting marijuana illegally.
32% : Delta-8 THC is a psychoactive cannabinoid derived from hemp that has been reported to produce similar but milder effects than traditional delta-9 THC contained in marijuana.

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