We offer “70% ready to go” professional cannabis (incl.
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to answer the fundamental, and critical questions of how much money it will
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Cannabis Business Plan Sample/ cannabis business plan Europe
According to the report by Arcview Market Research and BDS
Analytics: “The Road Map to a $57 Billion Worldwide Market”, spending on legal
cannabis worldwide is expected to hit $57 billion by 2027. The recreational
market will cover 67% of the spending; medical cannabis will take up the
remaining 33%.
The global legal cannabis market amounted to $9.5 billion in
2017, growing by 37 percent on the year, according to the report. The North
America legal cannabis market amounted to $12 billion in 2018, growing by 30
percent on the year. The largest market was the United States, which totaled
$10.4 billion. It was followed by Canada with $1.6 billion.
In 2015, a report from the European Convention on Human
Rights (ECHR), stated that drug use, when not injuring others, should not be
illegal in the EU. While there are 37 million people in Canada and 327 million
in the United States, the European Union is home to about 743 million.
Some form of medical cannabis (or cannabis-based medicine)
is now legal in 22 countries in the region, with a further 12 countries
decriminalising the recreational use of personal amounts of cannabis. In 2018,
the European cannabis market experienced greater growth than in the previous
six years, according to the “European Cannabis Report” released in January 2019
by Prohibition Partners.
The current value of the entire global medical cannabis
industry at $250 billion. The figures come from a research paper done jointly
by a university and a medical cannabis company: University of Sydney Business
School and MGC Pharmaceuticals.
Should you have any questions, please do not hesitate to
contact us. We offer “70% ready to go” professional business plan templates,
including pro forma financials and projections to help you know how much money
it’ll cost to start your business and how much money you can make by starting and
operating your 100% legally compliant medical and recreational cannabis
business.
Legal Cannabis in Europe / legal
cannabis Europe
Legalization
In 2015, a report from the European Convention on Human
Rights (ECHR), stated that drug use, when not injuring others, should not be
illegal in the EU. While there are 37 million people in Canada and 327 million
in the United States, the European Union is home to almost 743 million.
In 2018, six new countries have announced medical
legalisation, the number of patients increased by 40% month on month and more
than 500 million euro has been invested in the European cannabis industry. Some
form of medical cannabis (or cannabis-based medicine) is now legal in 22
countries in the region, with a further 12 countries decriminalising the
recreational use of personal amounts of cannabis. In 2018, the European
cannabis market experienced greater growth than in the previous six years,
according to the “European Cannabis Report” released in January 2019 by
Prohibition Partners.
Germany positioned itself as Europe’s market leader by
liberalizing its medical program in 2017.
Germany is currently conducting a
tender round for the country’s first cannabis cultivation licenses and expects
to award those licenses in 2019. The tender calls for 10,400 kilograms of
medical cannabis to be grown domestically over four years. Total legal cannabis
sales hit 50 million euros in the first three quarters of 2018. As of November
2018, an estimated 40,000 patients had been prescribed medical cannabis in
Germany. The industry estimates that number could eventually climb to 1
million, and to 5 million totals across the Europe.
Though they do estimate that recreational cannabis will also
be legalised in the not so distant future. Since the beginning of 2018,
Germany, Denmark, Malta, Greece and Italy have all considered the possibility
of a fully regulated cannabis market.
Forecast
In the fourth edition of the European Cannabis Report –
produced by London-based advisory group Prohibition Partners – Europe’s
cannabis market is estimated to be worth up to €123b by 2028:
Potential medical
cannabis market will hit 58 billion euros
Potential
recreational market value will reach 65 billion euros
It was assumed that, by 2023, all countries profiled have
legalised medical cannabis, and regulated recreational use.
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