Biotech startups are chasing the $115 billion market for synthetic cannabis compounds.Producing these compounds synthetically has some distinct advantages over traditional growing.The plant is complicated and fussy, containing hundreds of chemicals known as cannabinoids that interact with our bodies and brains in mysterious and sometimes profound ways.
Still, startups such as Ginkgo Bioworks and Creo have raised millions to patent biosynthesis techniques to produce these cannabinoids. They say their state-of-the-art methods can produce them more quickly and cheaply, as well as in a way that's more consistent and scalable than regular cultivation methods — exactly what large pharmaceutical and consumer corporations are looking for to put these compounds in products, whether it's a drug or an infused beverage.
The opportunity is immense: The analysts said the market for biosynthetic cannabinoids could skyrocket from around $10 billion in 2025 to $115 billion by 2040, driven by adoption from consumer packaged goods and pharmaceutical industries. Capturing even a small slice of that could make for lucrative intellectual property, they said.in the US alone by 2030, the investment bank Cowen said.
He said Creo has already raised and deployed almost $40 million — from a mix of high-net-worth private investors and family offices — to research and develop its technology, and the startup is now emerging from a quiet period.Like brewing beer, but for cannabinoids
BITech $115B? Bezos could buy one of those for every person in Monowi, Nebraska (pop. 1).
This is a reflection of what's wrong with our civilization.
I really appreciate this family & I started investing about a year ago. Slow & steady growth I always keep in mind it takes only 24 hours to buy a Toyota, but 6 months to make a Rolls Royce. 🚕God bless you Mrs Janet for your your guidanc +1 '4' 1' 3' 2' 5' ' 8' 1' 0' 6'9
I really appreciate it family & I started investing about a year ago. Slow & steady growth I always keep in mind it takes only 24 hours to buy a Toyota, but 6 months to make a Rolls Royce. 🚘God bless you 🤡✌ +•１•4•1•3•2•0•6•6•5•3•４
this is terrible news
Synthetic cannabis really?