Cannabis Industry

The cannabis industry is composed of legal cultivators and producers, consumers, independent industrial standards bodies, ancillary products and services, regulators and researchers concerning cannabis and its industrial derivative, hemp. The industry was inhibited by regulatory restrictions for most of recent history, but its legal market has emerged rapidly as more governments have legalized medical and adult use. Uruguay became the first country to legalize recreational marijuana through legislation in December 2013, and Canada became the first country to legalize private sales of recreational marijuana with Bill C-45 in 2018.