Extractions could  become a massive part  of the German medical cannabis industry, Colorado trends suggest.  Another UK first as a dedicated CBD food supplement  store opens in Burnley .  The global legal cannabis market is  predicted to grow  by over 20% within the next year.  The UK's first cannabis convention is to  convene in London  later this year.      

  

  	
       
      
         
          
             
                  
             
          

          

         
      
       
    

  


     A Maltese MP  has  called upon medical professionals  to push for legalised medical cannabis.  Thanks to legalisation campaigns across Europe,  legal cannabis sales  continue to grow.   Why is legal cannabis  taking so long  to take off in Europe?     

  

  	
       
      
         
          
             
                  
             
          

          

         
      
       
    

  


      Ireland Hits Roadblock in Pursuit of Medical Cannabis Legalisation   A Bill calling for the legalisation of medical cannabis in Ireland was rejected by the Oireachtas Health Committee in July over fears that it could potentially “decriminalise the recreational use of the drug”.     
 
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     We believe that, once legalised, the cannabis value chain and segments will align with that of other agricultural cash crops (corn, coffee, tobacco). Albeit with different constituent financial fundamentals.  We have identified four core industry segments with numerous sub-segments.

Extraction is changing the way we think of cannabis production. Elsewhere, a Maltese MP calls on the medical community for their support in cannabis legislation. As part of the Country Review, we comment on Ireland after the Emerald Isle hit another roadblock in the fight for cannabis legislation.

     

  

  	
       
      
         
          
             
                  
             
          

          

         
      
       
    

  


     How close is the UK from seeing a  reform in cannabis legislation ?   Catalonia becomes the 3rd regional government in  Spain to legalise cannabis  cultivation and distribution.  Greece is now the  7th European country to legalise  medical cannabis.     

  

  	
       
      
         
          
             
                  
             
          

          

         
      
       
    

  


     Startups in Germany are  turning their attentions  to cannabis.  European entrepreneur, whose life was changed by cannabis,  starts own company .  Two of North America's biggest cannabis companies have  set their sights on Germany .  Global cannabis giants,  Marley Natural, expand  into the European market.     

  

  	
       
      
         
          
             
                  
             
          

          

         
      
       
    

  


      COULD ITALY FULLY LEGALISE RECREATIONAL CANNABIS USE?   In April, in an effort to develop attitudes towards cannabis even further, The Radicali Italiani Movement announced plans to introduce a bill that proposes the full legalisation of adult cannabis use in Italy.     
 
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     Currently, Europe's illegal recreational cannabis economy has an estimated value of €18bn, which demonstrates the economic potential of a legal market. The medicinal cannabis industry alone is expected to grow at 15% per annum for the next 3 years.  Recreational marijuana attitudes are changing fast and although currently illegal, we at Prohibition Partners believe there is a 60% - 70% probability of legalisation within the next 3 to 5 years. However, the challenge will be combining the industry's traditional values and approach, with the level of corporate and professional knowledge required to scale.   

Catalonia becomes the 3rd region in Spain to legalise cultivation and distribution of cannabis. Elsewhere, startups in Germany turn their attention to cannabis as two North American giants look to move in. We put Italy under the microscope and ask if they could pass recreational cannabis any time soon.