In this article, we are going to discuss the best cannabis strain for anxiety and stress relief. If you’re up for the challenge, check out our full list of the 20 Best Cannabis Strains for Anxiety and Stress Relief.
Global Cannabis Industry:
As we mentioned in our article – 20 European Cities with Highest Weed Consumption – the global cannabis market was valued at $47.32 billion in 2022, and is projected to expand from $57.18 billion in 2023 to $444.34 billion by 2030, growing at a CAGR of 34% during the forecast period.
Marijuana legalization is gaining momentum around the globe, driven primarily by the increasing recognition that the product may have a range of legitimate medicinal benefits and therapeutic applications. It is the most widely cultivated, trafficked, and consumed drug worldwide.
E-Commerce in the Cannabis Sector:
Demand for online ordering, e-commerce, and delivery options spiked during the Covid-19 pandemic and many businesses were forced to evolve. As an essential business during the lockdowns, cannabis dispensaries and brands also needed to take steps towards e-commerce platforms to meet growing consumer demands. Ultimately, this pandemic-driven shift in e-commerce sales motivated many cannabis brands to implement online dispensary management software and management systems.
Jane Technologies is a California-based startup building the backends for dispensaries that are quickly taking their offerings online, and the platform accounts for 20% of all legal cannabis sales in the U.S. The company announced a $100 million Series C financing round in August 2021, bringing the total amount raised since its founding in 2015 to $130 million.
According to Jane Technologies, online sales account for 38% of all legal cannabis sales. In 2020, the retail tech company powered more than 17 million orders totaling over $2 billion in transactional volume. JT was also quick to launch its first iOS app in 2022 and even launched an innovative point-of-sale platform for cannabis dispensaries last year.
Fastest-Growing Category in the Cannabis Market:
The cannabis beverages segment is the fastest-growing area of the rapidly booming industry, with the global market for cannabis-infused drinks estimated at $1 billion in 2022 and projected to reach $2 billion by 2026, growing at a CAGR of 16.9% over the forecast period.
The United States, being the Country that Consumes the Most Weed in the World, accounts for a 70.9% share in the global cannabis drinks market. CBD-infused beverages are gaining popularity in America where they are becoming easily available through mainstream retail outlets. The growing interest in wellness drinks is also likely to drive gains in the category. Weed-infused potables are popping up in more and more places, with major beverage giants, including Constellation Brands, Inc. (NYSE:STZ) and Anheuser-Busch InBev SA/NV (NYSE:BUD), already looking for their share of the sweet green ganja pie. However, these efforts have not always gone to plan.
The New York-based Constellation Brands, Inc. (NYSE:STZ) invested $4 billion in Canopy Growth and launched its first CBD drinks brand called Quatreu in the U.S. three years ago. However, the move hasn’t had the positive impact the company hoped for and in 2022, Constellation took a $1.1 billion non-cash impairment charge on Canopy and a $651 million equity loss.
Similarly, the beer behemoth Anheuser-Busch InBev SA/NV (NYSE: BUD) also entered the market for cannabis-infused drinks in December 2018 in a $50 million joint venture with Tilray Brands. Again, things didn’t turn out so well for the venture – called Fluent Beverage Co. – and the two companies decided to part ways, also in 2022.
Both, Constellation Brands, Inc. (NYSE:STZ) and Anheuser-Busch InBev SA/NV (NYSE:BUD), rank among the Most Valuable Alcohol Companies in the World.
Methodology:
To collect data for this article, we referred to sources such as Leafly, Cannabis Business Times, High Times, and Reddit etc., looking for the Best Weed Strains to Relax. To make sure we only give you the best of the best, we picked strains that appeared multiple times in the aforementioned sources, assigned them a score of 1 each time they were recommended on these websites, and then summed up the scores and ranked our list accordingly. When two or more strains had the same score, we ranked them by the number of upvotes they received on Reddit.
1. ACDC
Insider Monkey Score: 19
A special phenotype of the legendary Cannatonic, this CBD-dominant strain is an equally split hybrid, meaning that it contains 50% indica and 50% sativa genetics. With a whopping 18% CBD and little to no intoxicating effects, the therapeutic effects of ACDC run deep, helping both the mind and the body.
ACDC tops our list of Best Weed Strains for Anxiety and Stress Relief.
If you also want to check out which other strains made the cut, please click here.
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Disclosure: None. This article is originally published on Insider Monkey.