Colorado-based 1906 New Highs (named for the last year cannabis was widely accepted as a beneficial medicine) has become the fastest-growing brand in the state by revolutionizing self-care “one edible at a time.” 1906 has created a new category of cannabis to amplify health and happiness with products called Go, Genius, Love, Chill, Bliss, and Midnight combining moderately-dosed THC with medicinal plants and adaptogens.

Melatonin sales had been steadily rising for years before the COVID-19 pandemic. Still, as consumers reached for it to get through 2020, according to data provided by SPINS (Chicago), a leading wellness-focused data, analytics, and technology provider, melatonin ingredient sales grew 43.6% to $573 million. That ranked melatonin number 5 on the list of 25 best-selling mainstream supplement ingredients. Melatonin grew just as impressively in the mainstream sleep category, rising 46.9% to $536 million and significantly outperforming its category competitors. 

Tobe Cohen, the chief growth officer of pharmaceutical giant Otsuka Holdings (OTC:OTSKF), said, “Lockdowns over COVID also created a scenario in which activities outside the home were limited, and electronic devices played a greater role than before. The combination of a stressed-out populace that is adopting bad sleep hygiene habits such as increased screen time amounts to people having a harder time getting to sleep or struggling to maintain restful sleep.”

Barsoom, after 2 decades in finance, founded 1906 with the goal of leveraging cannabis versatility to dispel the belief it makes you feel out of control, with edibles having unpredictable effects on behavior. “This is cannabis 3.0. Low dose control is where cannabis is going. It’s not about getting high; it’s about feeling a particular way when dealing with issues like sleep, anxiety, and depression.” Instead of simply jumping into the industry to try and capitalize on trends, Barsoom focused on creating a brand like nothing else out there — with functional formulas and a crucial step of making them kick in ASAP.  

These innovations and a unique product offering have been hallmarks of 1906 since the start. Companies that are broad-based cannabis players — like Tilray (NASDAQ:TLRY) and Curaleaf (OTC:CURLF) — haven’t yet dug into the growing niche of easily portable, ingestible, and controlled products like 1906’s, but Barsoom is seeing broader movement in that direction. “We are seeing emerging trends where companies are claiming they have products which are fast-acting or possess a functional benefit.  The fact is,1906 is the only proven fast-acting technology in the world,” Barsoom concluded. 

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