Global Recognition Helps Propel the Expansion of the CBD and Cannabis Market - FinancialBuzz.com News Commentary NEW YORK, Jan. 6, 2021 /PRNewswire/ -- The cannabis industry has had some major accomplishments in recent years. 16 states have now fully legalized the use of cannabis products for both medical and recreational use. Furthermore, in last year's election, New Jersey, a major potential market for the industry voted in favor of legalization as well. However, because of how complex the legal infrastructure is in regards to the cannabis market, it is still impossible to purchase any legal products and people can still be arrested for cannabis possession in the state. "It's sort of unclear whether there's now a constitutional right to possess cannabis," said Amol Sinha, the Executive Director of the American Civil Liberties Union of New Jersey, according to a report by Forbes. "But I think it behooves the government to pass something quickly, so we don't have to engage in litigation to see what's legal and what's not." While it takes time for the legal hurdles to be cleared, once they are cleared the state benefits from an increase in tax revenue and proper regulation of the industry. HempFusion Wellness Inc. (TSX: CBD.U), GW Pharmaceuticals plc (NASDAQ: GWPH), Tilray, Inc. (NASDAQ: TLRY), Harvest Health & Recreation Inc. (OTC: HRVSF), Aurora Cannabis Inc. (NYSE: ACB)