Israel has officially joined more than 20 countries in the race for legalization. On Sunday, the country officially decriminalized recreational marijuana and stands as one of the leaders of medical marijuana. Now, first-time offenders will only have to pay a fine if caught smoking in public, but may face prison if caught a fourth time. Proponents hope that this new policy will increase cannabis entrepreneurship and investment, estimating that the industry could soon be worth hundreds of millions of dollars. The numbers support such growth because there are approximately 25,000 cannabis users in Israel, when there was only a few dozen a decade ago.