Consumer Defensive

In a panel discussion led by industry experts, the differences between the hemp and cannabis markets were highlighted, focusing on regulatory frameworks, market growth, and the challenges faced by investors. The experts emphasized the need for clearer regulations and education in both markets to ensure consumer safety and health.

A groundbreaking study by Numerator unveils a significant shift in consumer behavior, indicating a growing preference for cannabis over alcohol. The research, based on a survey of nearly 6,000 individuals who have used THC and CBD products, reveals a notable decline in alcohol consumption among cannabis users.

Weedmaps MAPS has used big data analysis to predict a substantial sales increase for the marijuana industry on the upcoming 4/20, where consumers are prioritizing value and taking advantage of deals. The platform has observed a rise in consumer activity and average order values, with notable increases in the sales of vape pens, edibles, and cannabis flowers across different age demographics.

Health ministers from across Australia have thrown their support behind the federal government's proposed vaping bans, arguing that e-cigarettes are being used as a tool to recruit new smokers, particularly among young people. The government aims to regulate vapes as therapeutic goods, making them available only with a prescription and sold through pharmacies.

The Government of India has announced that it will look into reports suggesting that Nestle has added sugar to infant milk sold in India. The Department of Consumer Affairs will be involving the Central Consumer Protection Authority to check samples of Nestle’s infant food products amid concerns of sugar content.