Transcript:
David Kretzmann: David Kretzmann here at the headquarters of Dixie Brands in Denver, Colorado, and I’m joined by a special guest, Chuck Smith, the cofounder and CEO of Dixie Brands. So Chuck, thanks so much for welcoming, welcoming me here to the company. Just got the tour through the Willy Wonka facility here, the Willy Wonka of cannabis. So I figure we can dive right into it. Maybe you can give us a background of how you got involved in the cannabis industry and what led to the founding of Dixie Brands.
Chuck Smith: Sure. Well, David, first and foremost, thank you for being here in Denver and Dixie Brands. We’re excited to be able to talk to you and your subscribers at The Motley Fool, so really appreciate that. Dixie, it’s been an exciting ride. We’ve been in this business for nine years, so some people would kind of consider us the OG, if you will, of the industry. We are and have always been an infus
Global $297.5 Billion Cannabis Packaging Market to 2025
ResearchAndMarkets.com s offering. The cannabis packaging market was valued at USD 101.48 billion in 2019 and is expected to reach USD 297.51 billion by 2025, at a CAGR of 22.59% over the forecast period 2020 - 2025.
The cannabis packaging market is anticipated to witness notable growth in the next few years, owing to the rising demand for medical and recreational cannabis products for consumption. The increasing legalization of cannabis in various countries is likely to drive the future market.
The recreational cannabis application is expected to drive the market in the future, as it showed unprecedented growth in recent years. The Marijuana Business Daily reported flowers as the most preferred form of cannabis sold in the United States. The flower is packed in jars or flexible packaging bags.
bye! the biggest surprise in the grand experiment has been the remarkable demand for mips, marijuana-infused products that you don t smoke but rather eat or drink. my favorite is the lemon drops because it tastes just like a candy. dixie elixirs has soda that is sold in more than a hundred stores and are early leaders to be the coca-cola of marijuana. this is part of history because what did the end of alcohol prohibition mean to that generation? the dynasty, right? the kennedys, the branfmans.
you can even drink the stuff. you can try lots of different kinds of edibles. we have chocolates. we have drinks. edibles work slower, hit harder, and last longer. old news to medical marijuana patients. but when edibles flooded the recreational market, millions of new customers started to gobble them up. now the demand is so high, manufacturers can t make them fast enough. it s a boom market, and a handful of companies are dominating the shelves. the foremost is dixie brands with their line of pot sodas, dixie elixirs. the man in charge has worked in everything from luxury rv resorts to nightclubs. my name is tripp keber. i m ceo of dixie brands incorporated. this is a 30,000 square foot what we hope to be state of the
ballers. you can t even drink the stuff. you can try lots of different kinds of edibles. we have chocolates, drinks. when they flooded the market, millions of new customers started to gobble them up. now the demand is so high it manufacturers cannot make them fast enough. it s a boom market, and a handful of companies are dominating the shelves. the foremost is dixie brands with their lines of pot sodas, dixie elixirs. the man in charge has worked for a luxury rv resort to nightclubs. my name is trip keeper neck this is what we hope to be a state of the art production facility. we are currently under