As New States Enter the Legal Cannabis Market Demand for Cannabis Detection Devices Grows
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: PR Newswire
NEW YORK, Oct. 18, 2021 /PRNewswire/ -- The legal cannabis market is permeating throughout the U.S. states and is helping to create a multi-billion-dollar industry. While medical cannabis still dominates that broad cannabis marketplace, the growing awareness and legalization efforts are expected to further propel the overall industry forward. 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. Now, the growing awareness about the therapeutic benefits of cannabidiol has influenced people to buy such products, even at relatively high costs. As a result, mainstream retailers are now focusing on selling CBD-based products, as these have a higher profit margin. Overall, the global legal cannabis market size is now expected to reach USD 73.6 Bil
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ACB
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- 2/8/24 - CANACCORD
ACB
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- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website