Europe

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:

Wed
20
Nov

The great European cannabis cosmetics confusion

If the “recreational” discussion is off the table for now except in a few local sovereign experiments (Luxembourg, Switzerland, Denmark, Holland), and the medical discussion is mired in “efficacy” and payments (Germany, UK), where does that leave this third area of cannabis products?

Namely cosmetics.

The answer? Because this conversation involves cannabis, as usual, the discussion is getting bogged down in confusion even as industry groups press for clarification and guidelines.

Tue
19
Nov

All the excuses cannabis companies are making for an ugly crop of earnings

Tue
19
Nov

CBD professional sports’ dope test warning

European athletes using CBD to boost sports performance have been warned they could fail dope tests.

The European Specialist Sports Nutrition Alliance (ESSNA) says the risk of traces of THC entering athletes’ bodies after using CBD products is ‘too high to be ignored’. In Europe, cannabidiol, or CBD, is becoming more and more popular with professional and amateur participants in sports such as running, athletics golf and rugby.

The nutraingredients website reports the ESNNA as counting major European sports nutrition players like Volac, Myprotein and Holland & Barrett among its membership.

Mon
11
Nov

Worldwide cannabis sales to grow 853% by 2024, new report estimates

It's no secret that cannabis is considered one of the hottest investment trends of this generation on Wall Street. Although selling a processed plant isn't exactly what you might call innovative, the black market for global weed sales generates tens of billions of dollars each year. This means there are clear-cut reasons to believe that these illicit sales can be moved to legal channels in the years to come.

Tue
29
Oct

EU novel food and the legal status of CBD oil

There have been times when the Cannabidiol market in Europe suffered neglect because its safety for consumption was in doubt. However, in recent times, we have witnessed experts express that there is hope for cannabis products.

(This is an ‘Opinion‘ article, written by one of our readers.  Click HERE to learn how to get your article published)

Tue
29
Oct

Global CBD market expected to grow by 40 percent this year

CBD is the new sliced bread, toilet paper on rolls, and bottled spring water. And we can expect to see more traditional business sectors getting into CBD in the near future.

If the non-intoxicating marijuana compound cannabidiol (CBD) were a deadly virus sent to Earth by the Devil himself, it would be well on its way to rendering the global population extinct within the next few years.

Pages

Subscribe to RSS - Europe