Wide Variety of Applications Help Establish Cannabis Product Worldwide

by Newsfeed

NEW YORK, Sept. 22, 2020 /PRNewswire/ — Legalization of cannabis products on a federal level remains the goal for the cannabis industry. Currently, there are various forms of cannabis prohibition enforced in 39 states. As a result of regulatory inconsistencies and obstacles resulting from this partial prohibition, the illicit market in the United States still covers about USD 60 Billion in annual sales, according to data by New Frontier Data. Cannabis derived for medical products, however, will remain at the top of the demand charts. In recent years, CBD and hemp-derived products have seen a massive surge in popularity, as most consumers use CBD products for medicinal purposes. Similarly, retailers have begun advertising CBD products as therapeutic treatments; nevertheless, there is still a large recreational…

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