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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.

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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.

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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.