Europe

Fri
13
Dec

$136 Billion reasons to get into the European cannabis market

The European cannabis market is predicted to become a $136 billion industry by 2028, according to the fourth European Cannabis Report that was published by Prohibition Partners. This is more than four times the projected market value of the U.S. cannabis market, which is estimated to be worth $30 billion by 2025.

Thu
12
Dec

$136 Billion Reasons To Get Into The European Cannabis Market

The European cannabis market is predicted to become a $136 billion industry by 2028, according to the fourth European Cannabis Report that was published by Prohibition Partners. This is more than four times the projected market value of the U.S. cannabis market, which is estimated to be worth $30 billion by 2025.

Wed
11
Dec

Will This Be The Largest Hemp Farm In Europe?

Details are emerging on proposals for a massive outdoor hemp farm and processing facility near the German city of Dresden in Europe.
The German HempCo’s plans are centred around 1,235 acres of prime agricultural land (over 50 million sq ft) with an option for expansion into a further 4,900 acres – 2,000 hectares. This would make it the largest hemp farm in all of Europe.
Details on the plans have been unveiled by Canadian firm Eurolife Brands – which has recently stated its intent to focus solely on the European market. It says it has entered into a ‘Binding Letter of Intent for the right to purchase 20% of a to-be-formed German corporate entity’ – German HempCo.
 

World Class Project

Fri
06
Dec

Canadian cannabis cultivators spy opportunity in Europe

The European Union’s nascent medical cannabis market is ready to expand with Canadian cannabis cultivators.

New Frontier Data estimates that the potential European market for legal medical cannabis exceeds $42bn (~€38.02bn).1 Currently, Europe does not cultivate enough cannabis to supply the existing and growing demand. In order to meet market needs for medical cannabis the EU must supplement locally produced cannabis with products from international sources.

Fri
29
Nov

European Hemp Farmers Feeling Hampered By EU's Low THC Limit

Since 1999, after intense lobbying from unions representing French farmers, the THC limit for European hemp has been capped at 0.2%. Yet two decades hence, that standard is being blamed for negatively impacting the viability of the European hemp industry.

Fri
29
Nov

EU should adopt German standards on medical cannabis, campaigners say

Germany’s regulatory approach to medical cannabis is good practice and should be replicated across Europe, according to newly-born European Medicinal Cannabis Association (EUMCA).

The recently established lobby group is taking its first steps in the Brussels bubble, advocating for an EU-wide regulatory framework on medical marijuana.

While the market for medical cannabis is already well developed in some EU member states, only EU-wide standards can ensure patients have the same across Europe.

Different legislation across EU countries on prescribing cannabis-based medicines can hinder patients’ access to their treatment when they travel abroad, EUMCA said.

Wed
27
Nov

Cannabis sales in EU raise $13 billion for crime gangs

Europeans spent at least 11.6 billion euros (£9.9 billion) in 2017 on illegal cannabis purchases, confirming marijuana as the largest drugs market in the 28-country European Union, the bloc's anti-drugs agency said on Tuesday.

In its annual report, the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) said the EU's overall narcotics market was worth at least 30 billion euros in 2017, up from 24 billion in 2013.

The global market for illicit drugs was estimated to be worth between $426 and $652 billion, the agency said, warning that its estimates about the EU market were conservative.

Mon
25
Nov

2019 Was A ‘Year Of Stagnation’ For Europe’s CBD Market

Regulatory blockages are stymieing the growth of the European CBD industry, says one of the continent’s leading experts.

Antonin Cohen has been involved in the European CBD and cannabis industry for the last decade, initially as an activist and later an entrepreneur. He produced his first product for the CBD and industrial hemp market in 2013 and is now the founder and CEO of Harmony.

Speaking at the Global Cannabis Institute conference in London, last week, he said: “2019 looks like being a year of stagnation for the CBD industry in Europe, it is facing many regulatory blockades, and we need new strategies on how to unlock the market.”

Fri
22
Nov

Cannabis companies are eyeing the opportunities in Europe

The North American cannabis market is going through growing pains and companies focused on making profits from the new green gold experienced major losses. Meanwhile, in Europe, the emerging cannabis sector opens up new opportunities of expansion to companies like World High Life PLC (NEX:LIFE).

It is time for a fresh look at the cannabis sector because while equity valuations and investor sentiment change, the cannabis market itself remains attractive.

Thu
21
Nov

Cannabidiol awareness in Europe grows

A survey gauging awareness and use of CBD among consumers in 17 European Union countries produced some interesting results.

 

While the full report from New Frontier Data is yet to released, top level findings include:

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