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CBD News Aggregator

CBD-Derived Products May Provide Consumers an Alternative to Tobacco

CBD News Aggregator – Earlier last year, New York State voted to decriminalize the recreational use of cannabis. Instead of jail time, offenders are now punished with a fine. And while cannabis is only legal for medicinal purposes in the state of New York, many companies have already established operations in anticipation of recreational legalization. In New York City, there are already over a dozen legal medical dispensaries. Overall, the legal cannabis market is permeating throughout the U.S. and is creating a multi-billion-dollar industry. Medical cannabis can already be found in many regions around the world such as parts of the U.S., Australia, Canada, France, Germany, Thailand, and South Korea. Predominantly, the overall CBD market is driven by the medical sector. And, while medical cannabis still dominates that broad cannabis marketplace, increasing awareness and legalization efforts are expected to further propel the industry forward. As a result, the global legal cannabis market is expected to reach USD 146.4 Billion by 2025 while registering a CAGR of 34.6%, according to data compiled by Grand View Research. TAAT Lifestyle & Wellness Ltd. (CSE: TAAT), Altria Group, Inc. (NYSE: MO), British American Tobacco (NYSE: BTI), Philip Morris International Inc. (NYSE: PM), Vector Group Ltd. (NYSE: VGR)

https://www.prnewswire.com/news-releases/cbd-derived-products-may-provide-consumers-an-alternative-to-tobacco-301088221.html

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