U.S. hemp product company Kannaway believes that single-use coffee pods are the next cannabis market opportunity.

“Kannaway’s single-serving, CBD-infused coffee and tea cups provide a fast and pre-measured way to ingest your daily dose of CBD without disturbing your daily routine,” Kannaway CEO Blake Schroeder says in a press release. Kannaway is a subsidiary of Medical Marijuana Inc.

Cannabis-infused beverages are not yet legal in Canada, but the federal government has set a deadline to legalize them along with other edibles, extracts and concentrates by Oct. 17, 2019.

A package of 24 recyclable, single-serve pods containing either French roast coffee or caffeine-free tea blended with 10 mg of CBD per pod retails online for US$71.99.

The company reports the pods are compatible with most single-serve brewing systems. “These new products fill a need in the CBD market that very few products currently offer and we are confident that consumers will love the convenience they provide,” Schroeder says.

The U.S. federal Farm Bill of 2018 legalized hemp and CBD production, now regulated by the Department of Agriculture. A report by U.S. investment banking firm Cowen & Co. notes the CBD market alone is expected to hit US$16 billion by 2025. Of the CBD products currently on the market, most are in the form of liquid tinctures or topicals, making CBD-infused coffee and tea a large market opportunity, the company press release adds.

“CBD is being researched to provide a variety of therapeutic benefits and we are proud to bring high-quality products to our consumers in the U.S. and abroad,” says Medical Marijuana, Inc. CEO Stuart Titus.