Extensive Cannabis Legalization Prompts the Rise of New Breath Detection Tech
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NEW YORK, May 4, 2021 /PRNewswire/ While medical cannabis still dominates the broad cannabis marketplace, the growing awareness and legalization efforts are expected to further propel the overall industry forward. For example, earlier in March, New York became the latest state to legalize recreational cannabis, and in doing so is expected to become one of the nation s largest markets. The more welcoming perception towards cannabis legalization can be attributed to, in large part, the passage of the 2018 Farm Bill, which legalized production of industrial hemp, transforming it into a mainstream agricultural product. Soon after, numerous categories of CBD products started to appear. Overall, the cannabis market value was estimated at USD 22.9 Billion in 2020. The market is projected to witness a CAGR of 18.1% during the forecast per
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