Medical cannabis extraction is of paramount importance in the whole process of medical cannabis production. The process can be challenging as engineers haven’t designed an equipment specifically for the cannabis extraction yet. Consequently, the yield is not at its optimum level.
In the market, only a handful of companies are now integrating innovative technologies to extract medical cannabis. These technologies come up with high efficiency for operations at a smaller level that cannot develop the infrastructure themselves.
Challenges for innovation in cannabis extraction
GMP (Good Manufacture Practices) certification is a standard to approve any industrial equipment and procedure. Currently, companies concerning the extraction have a tough time getting the GMP certification.
Some companies had applied for the certification for over a year but got no approval. However, different methods to extract medical cannabis are available which will not get certification of GMP. Therefore, it is vital as a company to invest in the tools and devices that would be beneficial for the company.
The GMP will consider those techniques and equipment fit for approval that integrate latest tech and depict specification.
Future of medical cannabis extraction
Medical cannabis products will be the deciding factor in the evolution of the extraction process. Carbon dioxide extraction method is among the popular methods to extract medical cannabis nowadays. It is because the extraction process does not need any bomb proof amenities and is the method with no by-products.
Some companies are beginning to explore extraction methods of ethanol and hydrocarbon through butane and propane. Although these methods would need a bomb proof material, the opportunity is considerable.
US and Canada realize that it can be challenging for organizations to develop a convenient infrastructure for extraction. Therefore, private medical cannabis extraction companies are advantageous for the emerging industry.
Europe, however, is deficient in creating innovative products. Mostly the products are dried cannabis or capsules. There is fundamentally no development in topical lotions, sublingual and transdermal products. It is something Europe will have to consider and learn from North America to get good share in the global market.
What does the cannabis extraction market demand?
Medical cannabis will have the lion’s share in the contribution of cannabis market growth. The United States of America has had a fair deal of dedicated researchers and the engineers for the matter. Canada is already joining hands with the US in the cause.
Anyhow, there are also high hopes from Europe in the market. With the population of 700 million people, global medical cannabis market alone can make till around 200 billion USD.
After a decade or two, the shape of the global cannabis market will change entirely. Europe will also play a huge role in it along with North America and Israel.
However, research profiles are considerably low, and they need to speed up to better support the positive forecasts. The future of the market seems to be positive with the advent of more interest growing in the industry. However, there is a dire need to integrate latest technologies that are solely specified for cannabis extraction.