Issue 14

06.10.2017

Our International Cannabis Weekly newsletter brings you the latest international cannabis developments across business, regulation and science. All past issues are now available here where you can read the stories that have helped shape the international cannabis industry over the past year.

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Business & Investment

Regulations & Politics

Market Focus

GERMANY LEADS THE EUROPEAN MEDICAL CANNABIS MARKET

The New Opium Act was implemented in the Netherlands in 1976, which was to lead the way for the so-called ‘Policy of Tolerance. Initially, the policy was meant as a first step towards full regulation on soft drugs – although here we are 40 years later with very little progress.

 

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The European Cannabis Report

Europe’s cannabis market is a green-field environment for entrepreneurs and investors alike. Currently, the global charge is being led by North America. The size of the legal market in the U.S reached $7bn in 2016 and is predicted to grow to over $50bn within the next 10 years.

Europe’s recreational cannabis economy (although mostly illegal at this point) has an estimated value of €18bn. Taking is figure into consideration – and using the success of the current Canadian market as a precursor – it’s not unreasonable to predict that a legal cannabis market in Europe would be one of the fastest-growing and most lucrative economies in the world.