Europe

Tue
14
Dec

European Union Increases THC Level For Industrial Hemp. Why Does It Matter?

european union

The European Parliament approved on November 24 to increase the THC level from 0.2% to 0.3% for hemp crops used for industrial purposes.

The rise of the THC level for industrial hemp is part of the measures of the new Common Agricultural Policy (CAP) reforms, which will enter into force in 2023. 

Farmers may receive EU subsidies if they use hemp varieties registered in the EU catalog with a maximum THC level of 0.3%.

The European Industrial Hemp Association (EIHA) has made this achievement possible, representing the common interests of European hemp farmers.

Tue
16
Nov

The Future Of The Cannabis Industry In Europe: Q&A With Curaleaf International CEO Antonio Costanzo

hand holding cannabis plant

In March 2021, Curaleaf Holdings, one of the largest cannabis companies in the United States, acquired EMMAC Life Sciences Group (now Curaleaf International), one of the largest vertically integrated companies in the European medical cannabis landscape.

Curaleaf International was created by combining EMMAC’s scientific approach with Curaleaf’s expertise from the consumer side.

Given his experience in the medical cannabis industry, Antonio Costanzo has noticed clear progress in the market. He also thinks European countries will allow the use of recreational cannabis in the next four years.

Thu
11
Nov

Hemp Seed Oil Market size is anticipated to reach US$ 336.1 Mn by the end of 2030

hemp seeds

The global hemp seed oil market size is anticipated to reach US$ 336.1 Mn by the end of 2030. According to a study by Future Market Insights (FMI), the market will rise at an impressive 18.5% CAGR between 2020 and 2030. According to the report, the rising demand for sustainable products will drive growth in the market. The report offers a holistic market overview intended to help stakeholders get a better look and the prevailing trends and opportunities. Besides examining investment feasibility across key segments, the study also analyses threats to the market.

Thu
11
Nov

Europe CBD Oil Market Report 2026

CBD oil

Industry Overview, Trends, Growth, Industry Report and Outlook

According to the latest report by IMARC Group, titled “Europe CBD Oil Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the europe CBD oil market to grow at a CAGR of around 23% during 2021-2026.

Thu
04
Nov

Medical Cannabis Market Anticipated to Reach $33.2 Billion By 2027

stock chart showing growth

The medical cannabis market is expected to register a compound annual growth rate of 18.4% crossing the value of $33.2 Billion by 2027.

While cannabis has a long history of medical use as a pain reliever and antispasmodic agent, for much of the modern era there existed a general lack of awareness among scientists and physicians of its medical benefits.
Tue
02
Nov

Psychedelics and mental health: This may be the next big thing in pharma technology

psychedelic image

Virtual therapy got a big boost last year from meditation apps like Headspace and Calm, luring the user into a meditative state using words and music. In the midst of a global mental health crisis, it should be no surprise many of us are seeking such digital tonics: A report by GlobalData on mobile health apps estimates a combined total of 90 million users for meditation apps Headspace and Calm as of June 2020.

Wed
27
Oct

At MJBizCon 2021, the Outlook for Cannabis is Rosy—and Not So Rosy

A close look at trends and predictions reveals a complex picture.

In a sign that the world is kind of returning to normal, MJBizCon 2021 has opened its doors back to actual people for the largest B2B cannabis industry event. 

MJBizCon

This is the time of year when tens of thousands of industry professionals descend on Las Vegas to show off their products and services, network, attend educational seminars, shake hands (or perhaps bump fists this year), smoke a few blunts, and make lots of deals. 

Fri
22
Oct

Luxembourg first in Europe to legalise growing and using cannabis

luxembourg

Relaxation is part of government rethink designed to keep users away from illegal market.

Adults in Luxembourg will be permitted to grow up to four cannabis plants in their homes or gardens under laws that will make it the first country in Europe to legalise production and consumption of the drug.

The announcement on Friday by Luxembourg’s government was said to deliver fundamental changes in the country’s approach to recreational cannabis use and cultivation in light of the failure of prohibition to deter use.

Under the legislation, people aged 18 and over will be able to legally grow up to four cannabis plants per household for personal use.

Fri
22
Oct

Albanian Police Arrest 9 People over Cannabis Cultivation

person in handcuffs

Albanian police have arrested 9 people in an operation against the cultivation and trafficking of cannabis sativa in five major districts.

In the last two days, special police forces and the Special Prosecution against Organized Crime (SPAK) conducted a major operation in Tirana, Durres, Lezhe, Puke and Shkoder, police announced on Friday.

It resulted in 9 people arrested, 2 put under house arrest, while 4 are still on the run. Police seized 3 bags of cannabis seeds, an undisclosed amount of cash, and a car.

The operation followed a previous one in August, police said, when they seized 4,000 cannabis seedlings.

Investigations have found that police officers have also colluded with the criminal group’s activity.

Thu
14
Oct

Here’s why Snoop Dogg’s firm just invested nearly $19 million into a European cannabis startup

dollar sign

AceCann, a Portuguese medical cannabis company, is receiving a €13 million ($18.7 million) investment from Casa Verde, a venture capital fund co-founded by Snoop Dogg. It is the firm’s first investment in continental Europe, according to Sifted.

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