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International Cannabis Weekly: 4

July 26, 2017

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Regulations & Politics

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Business & Investment

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Market Focus

GREECE LEGALISES CANNABIS FOR MEDICAL USE

On June 30th, the Greek Prime Minister, Alexis Tsipras and Health Minister, Andreas Xanthos announced that Greece is to become the seventh European country to legalise cannabis for medical use

 

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The European Cannabis Report

We estimate that the total conservative value of the cannabis industry in Europe’s eight largest markets is approximately €18b. Of course, most of this is still illegal but it demonstrates the potential in the legal market over the coming years. Medicinal alone is expected to grow at 15% per annum for the next three years.

Yet we can count the number of companies operating in the legal space on one hand, so Europe is a green field opportunity for both entrepreneurs and investors.

 

 

 

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