Trade Shows Draw Businesses Cashing in on Cannabis Industry

Legal marijuana sales in the United States approached $3 billion last year, according to an investment group for the cannabis industry.  Marijuana remains illegal under U.S. federal law, but the drug has been legalized for medical or recreational use in 23 states and the District of Columbia. Investors and businesses hoping to cash in gather at trade shows, like one held last week in Los Angeles.

Products were on display at the Los Angeles Convention Center, from hothouse lights and fertilizer to extractors that get oils from the cannabis plant.

Robert Burns of the company HempMeds demonstrated a syringe with a graduated counter that can measure dosage. He said his company offers a salve for skin, or oil in drops form that is placed underneath the tongue. "Let it sit there for about 30 seconds, and just let it dissolve in your body that way,” he said.


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