- Jamaican cannabis has benefitted from burgeoning global demand in 2021, with the regulator issuing 42 export licenses
- American Cannabis Partners has sought to capitalize on growing demand for Jamaican cannabis through a strict adherence to Jamaican cultivation techniques given its close links to the nation
- US cannabis cultivators are gradually increasing their focus on product differentiation to gain market share within the rapidly growing sector
For Jamaican cannabis cultivators, business is booming. The nation’s industry regulator, the Cannabis Licensing Authority (“CLA”), recently revealed that it had witnessed a dramatic uptick in demand for Jamaican ‘ganja’ on the global market, having issued export licenses to territories as far away as Australia and Germany in recent months, both of which were seeking to import Jamaican cannabis for research and medical purposes. In total, the CLA stated, the regulator had issued 42 export authorizations to 10 entities trading with various regions across the globe thus far this year (https://nnw.fm/5AQmy).
“What this tells us is that we have been producing cannabis to the standards required of these other jurisdictions and therefore there is potential for commercial quantities to be exported in the future once markets are opened,” said acting CLA head, Faith Graham.
American Cannabis Partners (“ACP”), a multi-state 100% organic cannabis cultivation company headquartered within Northern California’s Emerald Triangle, has sought to capitalize on the global affinity for Jamaican cannabis as well as its close links to the nation through the employment of traditional Jamaican cultivation techniques within their cannabis cultivation, harvesting and curing process. The methods in turn, have resulted in a far superior product for the company, as well as faster growth rates, greater production yields, higher THC levels, and enhanced terpene bouquets (https://nnw.fm/d5qxp).
The level of exacting detail and care paid to its plants, as well as its adherence to sustainable Jamaican production practices, have led the company to produce some of the most sought-after flower in the United States, with ACP recently revealing that its new, patent-pending strains marketed under its wholly owned in-house ZUK brand had already seen its entire crop presold for 2021.
The U.S. cannabis market has the potential to touch an annual value of $115 billion by 2030 according to Michael Lavery, a senior research analyst at investment bank Piper Sandler, rising from sales of $17.5 billion last year. However, and in a rapidly growing marketplace, Lavery believes that product differentiation will increasingly drive the fortunes and pricing power of the numerous players within the sector (https://nnw.fm/mDcE3).
“In this space now, it’s really scarcity that’s driving the value and we see that in every market,” Lavery explained.
Cannabis plants habitually produce hundreds of aromatic terpenes, which have been shown to influence both a cannabis plant’s psychoactive properties as well as driving end-consumer demand. American Cannabis Partners has sought to cater to the rapidly evolving consumption tastes of their U.S. audience by way of its meticulous focus on cultivation practices as well as its unique focus on Jamaican techniques, methods which have enabled the company to produce and market a differentiated, niche-market product.
Through the adoption of a business model that prizes quality and diversity of its organic end-product above all else, American Cannabis Partners has taken the initial steps towards boosting the company’s profile and competitiveness ahead of a fully legalized U.S. cannabis market.
For more information, visit the company’s website at www.ACPFarms.com.
NOTE TO INVESTORS: The latest news and updates relating to American Cannabis Partners are available in the company’s newsroom at https://nnw.fm/ACP
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