CANNABIS TRENDS YOU NEED TO KNOW: Corey Mangold Reveals Industry-Wide Changes That Will Affect Your Portfolio

The game has changed. Like it or not, investing is vastly different than it was 10 or 20 years ago. The information age means that you have to stay on top of demographic shifts and changes in consumer demand, and the cannabis industry is no exception, as this sector is moving forward at a breakneck pace.

You should know, however, that you’re not alone in this. To help you sort out the latest developments, Portfolio Wealth Global has summarized the vital information from our conversation with cannabis industry expert Corey Mangold, who is the co-founder of award-winning brand developer Orchid Ventures, Inc. (CSE: ORCD).

Orchid Ventures is headquartered in Irvine, California and owns Orchid Essentials, an award-winning cannabis brand with THC and CBD product lines that are currently sold in nearly 300 dispensaries across California and Oregon, with more states on the radar. In fact, the company plans to expand the Orchid Essentials brand into new regions, including Nevada, New York, Puerto Rico, Canada, and other global markets.

Courtesy: Corey Mangold

With over 20 years of experience designing and developing compelling customer experiences across a wide variety of industries, Corey Mangold is a highly successful serial entrepreneur with an outstanding track record. His deep understanding of technology and design – and, of course, the emerging legalized cannabis market – allows him to provide a unique perspective to the Orchid Essentials brand.

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Change is afoot, and Portfolio Wealth Global quickly directed our conversation with Mr. Mangold to matters of demographic trends in the legalized cannabis market. According to Corey Mangold, there’s a new user that’s dominating cannabis consumption in America and worldwide, and investors must be aware of this important change.

In terms of demographics, according to Corey Mangold, the new user is centered around those aged 35 years and above. This might surprise you because the widely held assumption is that medical and adult recreational cannabis consumers are typically younger.

Courtesy: Corey Mangold

According to Corey Mangold, shifts in cannabis consumption trends have moved the primary consumer base towards baby boomers and women. Consumers in these demographic segments are increasingly choosing to enjoy cannabis products instead of a glass of wine or martini to relax them.

With increased education and information, these demographics are now realizing that legal, regulated cannabis products have the potential to help relieve anxiety and discomfort without causing the cell and organ damage associated with alcohol consumption – which may help explain why we’ve seen a decline in alcohol sales of 30% or greater in many states.

Furthermore, according to Corey Mangold, consumers across all generations – including millennials and baby boomers – are making more mindful and healthy choices. As the stigma fades and cannabis moves ever closer to full legalization, the consumer base for cannabis products is expected to expand dramatically through this year and into at least next year.

Courtesy: Corey Mangold

Mr. Mangold’s company, Orchid Ventures, is making strides in penetrating the American cannabis market by serving the discriminating tastes and preferences of the modern consumer. Vaping is among the fastest-growing segments of the cannabis market, and Orchid Essentials’ premium vaping products provide the user experience demanded by today’s cannabis consumer.

Vaping is the cannabis consumption method of choice, according to Corey Mangold, because it’s convenient and user-friendly – that’s why Orchid specifically developed their line of high-quality vape products to meet the highest standards of excellence.

That would also help explain why Orchid’s vaping products have been such strong and consistent sellers – the demand for the absolute best has driven Orchid’s revenues and put them on the map as the go-to vaping brand in multiple U.S. states, with more regions to be conquered in the near future.

With so much industry knowledge to share, Mr. Mangold is like an encyclopedia of the cannabis market, so we highly recommend that you watch Portfolio Wealth Global’s deeply informative interview with Corey Mangold. In addition, we encourage you to visit OrchidEssentials.com to learn even more about this cannabis accessory newcomer that has incredible growth potential.

Best Regards,

Tom Beck
Research Partner, PortfolioWealthGlobal.com

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Legal Notice: This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.

Never base any decision off of our emails. PortfolioWealthGlobal.com stock profiles are intended to be stock ideas, NOT advice. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish.  Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. Wallace Hill Partners LTD owned by the same members who own Portfolio Wealth Global, has been compensated by Orchid Ventures three hundred thousand dollars paid for directly by the company. Wallace Hill has also participated in a private placement and owns shares of the company. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites.  Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say.

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