The European cannabis industry could become the biggest market in the world.
Even with its monumental early boom, the cannabis industry is still in its infancy, as the success of Canopy Growth proves.
Aurora Cannabis debuts on the Toronto Stock Exchange following German Expansion.
Solis Tek CEO, Dennis Forchic, discusses the future of the cannabis marketplace.
We estimate that the total conservative value of the cannabis industry in Europe’s eight largest markets is approximately €18b. Of course, most of this is still illegal but it demonstrates the potential in the legal market over the coming years. Medicinal alone is expected to grow at 15% per annum for the next three years.
Yet we can count the number of companies operating in the legal space on one hand, so Europe is a green field opportunity for both entrepreneurs and investors.