The European cannabis market is one of the most rapidly expanding markets globally. Prohibition Partners revealed in its latest report on cannabis in Europe that thecombined market size of all CBD categories surpassed €2 billion ($2.2 billion) in 2023.
The report called Germany, Czech Republic, Switzerland and the Netherlands "early adopters" that are working on developing regulatory models for the recreational cannabis market, and are "likely to set a precedent for other countries to follow."
Germany's recent partial legalization of cannabis has shaken up the industry and moved marijuana stocks, leaving everyone wondering about a domino effect on other European countries.
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