InMed featured in this article about the different cannabinoid manufacturing technologies that are shaping the industry. The article by Edison also talks about the cannabinoid market and recent partnerships.
The cannabis market is growing fast. According to BDSA, cannabis sales grew by 50% and 41% in 2020 and 2021 respectively, which brought 2021 sales to US$31bn. The demand for isolated cannabinoids is also growing, with Grand View Research estimating the cannabinoid market was worth US$4.5bn in 2020 and forecasting a CAGR of 20.4% until 2027, which would take the market size to US$16.4bn. The demand is driven by the wellness and pharmaceutical industries. A variety of manufacturing methods are being developed that have the potential to produce industrial-scale, low-cost, high-quality cannabinoids. Manufacturing innovations in extraction, chemical synthesis, biosynthesis and biotransformation are all attracting significant investment.