U.S. investors love European marijuana stocks
Continental Europe is the most exciting place for cannabis policy and industry right now, especially when it comes to cannabis stocks.
Before Malta legalized late last year, the international cannabis community had already set its sights on Europe. The legalization of Malta will undoubtedly increase momentum for similar reforms in other European countries.
several countries in Europe Legalization of marijuana for adult use is expected in the next few years. In many of these countries, adult-use marijuana sales will be part of the equation. Marijuana stocks will quickly become a hot investment opportunity.
In Switzerland, the sale of low-THC products has been legalized nationwide, and countries such as Denmark and the Netherlands are using pilot programs where the cannabis trade is legal locally.
Germany is the biggest cannabis ban domino and appears to be close to falling, and when that happens, it will lead to a structural shift in the global cannabis industry and policy landscape.
Many in the U.S. are eagerly waiting for legalization to spread across Europe, especially in Germany, according to the results of a new survey released this week by the Bloomwell Group. Cannabis investing is widely seen as a lucrative opportunity.
Here’s more about the company’s findings Press release:
FRANKFURT, Germany, April 11, 2022 — A new study suggests that Europe’s “green boom” has begun, as Americans prepare to invest their time, travel plans and money across the ocean in the cannabis market.
today, Bloomwell GroupGermany-based holding company of medical cannabis companies has released the results of its “European Cannabis Market Survey,” which examines U.S. cannabis consumers’ expectations and perceptions of this nascent industry overseas, including demand for cannabis tourism, investment opportunities , trade, etc.
Respondents also reported positive perceptions of cannabis tourism, a growing problem in Germany, where adult-use cannabis was only recently legalized after several years of expanding its medical market. Experts predict adult-use marijuana will come online in 2024, but regulators have yet to finalize a travel policy. However, more than 66% of Americans surveyed said they “would go to a cannabis dispensary or social consumption lounge” in Germany.
The current state of cannabis in Europe
The European cannabis industry has made unprecedented progress in the past year: Luxembourg legalized cannabis ownership and hopes to legalize the market; Malta Possession has been legalized; the Netherlands has launched Europe’s first pilot program for commercial cannabis cultivation; Switzerland is also running a pilot.
But the crown jewel of European cannabis is Germany, which is celebrating 5 years of its medical market, while Pave the way become The adult use capital of Europe. According to a This month’s BDSA report, International sales will exceed $10 billion by 2026. Most of the new legal spending will be driven by Germany (~$3 billion by 2026).
“Germany has 82 million residents — more than Canada and California, the two largest cannabis markets in the world today. So when Germany opens up to adult-use cannabis, it will be the largest market in the world,” Bloomwell Group CEO Officer and co-founder Niklas Kouparanis said. “The future language of cannabis will be German.”
The investigation also discussed how the U.S. could potentially benefit financially from the European licensed cannabis market. According to the famous economist Justus Haucap, After legalization, Germany will have a demand of 400 tons of cannabis per year. To help meet this huge need, 80% of Americans surveyed said “the U.S. should export cannabis to Europe,” This practice may increase domestic revenue.
Other key findings include:
- consciousness: More than half of respondents (52%) said they “realize that Germany is likely to become the largest legal cannabis market within the next three years”.
- travel: 65% of Americans surveyed said they “will travel to a city or country to experience its licensed cannabis market,” while 44% said they would travel to Germany specifically for cannabis tourism. As a bonus, nearly 75% of respondents said that German speciality pretzels are a “satisfying ‘snack’ food”.
- Worldwide legalization: The vast majority (87%) said marijuana should be legalized globally.
Promising findings dovetail with Bloomwell Group’s recent milestones that also signal global confidence in European and German cannabis stock markets: The company Raised over $10 million in seed funding USD; Boris Jordan of Curaleaf is lead investor and board member.
The survey was conducted online using Survey Monkey with a national sample of 845 people across the United States by geographic area and income level. All respondents were identified as cannabis consumers.The survey sample is weighted to reflect the gender distribution and age distribution of the 18-60+ age group in the United States
This article was originally published in InternationalCannabisChronicle.com.