Cannabis Market in the United States
United States laws pertaining to cannabis have rapidly changed in the past few years. While not legalized at the federal level, currently nine states and the District of Columbia have legalized marijuana for recreational use for adults over the age of 21. Medical marijuana is legal in another 29 states.
In 2015, legal cannabis sales in the United States were $5.4 billion and are expected to grow in future years. By 2020, legal cannabis sales in the United States are projected to reach $21.8 billion, and $40 Billion by 2021.
According to Marijuana Business Daily, the evolving cannabis industry employs between 125,000 to 160,000 full-time workers and is expected to add another 340,000 full time jobs by 2022. In a relatively new and growing industry, safety and assurance is key to consumers.
3BP™ intends to serve as a natural complement to the industry with a purpose that can satisfy these market needs. 3B Products TM is also developing a unique track and trace ink feature to be used specifically within the cannabis
industry.
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United States regulations surrounding food packaging and shelf-life are currently relaxed
Cannabis
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