Are Luxury Cannabis Accessories Worth Their High Price?

This article was originally published on AskGrowers and appears here with permission.

Until recently, culture has often been thought of as somewhat of a taboo subject.

But despite a seedy history, today, the market value of the US industry is estimated at around $61 billion.

At the same time, forecasts show that global legal cannabis sales in 2020 reached a whopping $21.4 billion, representing a 48% increase from 2019.

What’s more is that by 2024, it’s expected that cannabis sales will reach about $43 billion, and with an estimated CAGR of 25%, the industry is predicted to hit $57 billion by the year 2027.

In other words, today, more than ever, consumers are spending thousands upon thousands of dollars on weed products, flower, and luxury cannabis pieces.

This includes hand-blown glass bongs that might cost anywhere from $100 to $800, as well as designer grinders, gold roach clips, papers, and even wholly customized luxury rolling trays.

The High Price of Cannabis Smoking Accessories

Although there’s still a lack of cannabis regulation and at the federal level in the US, there are no such regulatory issues regarding cannabis accessories like pipes, bongs, rolling trays, and papers.

Therefore, we see a significant boom in retailers and brands hopping on the cannabis bandwagon.

Today, you’ll find weed grinders, stash boxes, and lighters in many retail clothing stores, such as Urban Outfitters, in their “herbal accessories” sections.

In the past, pot enthusiasts had practically no other choice than to hide their weed accessories and paraphernalia when having company over for a visit.

On the other hand, things have now changed, and luxury brands like Edie Parker, Higher Standards, Leaf & Wood are creating luxury cannabis accessories, meant to be showpieces, left on display, rather than “heat-scores” that get hidden away in closets and bedside drawers.

But one big question remains; are luxury cannabis accessories genuinely worth their high price tags? Or are today’s designer brands simply taking advantage of a new and wide-open target audience?

Below, we’ll highlight some of the top luxury brands currently dominating the industry, as well as exploring whether or not it’s worth spending your hard-earned money on these high-priced luxury cannabis smoking accessories.

Top Luxury Weed Accessories and Brands

According to fashion leaders like Brett Heyman, the owner, …

Full story available on Benzinga.com

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