We offer “70% ready to go” professional cannabis (incl. hemp) business plan templates, including pro forma financials with projections to answer the fundamental, and critical questions of how much money it will take to start your cannabis business and how much your 100% legally compliant medical or recreational cannabis business will make. We also have a range of cannabis pitch deck templates.
Cannabis Business Plan Sample/ cannabis business plan Europe
According to the report by Arcview Market Research and BDS Analytics: “The Road Map to a $57 Billion Worldwide Market”, spending on legal cannabis worldwide is expected to hit $57 billion by 2027. The recreational market will cover 67% of the spending; medical cannabis will take up the remaining 33%.
The global legal cannabis market amounted to $9.5 billion in 2017, growing by 37 percent on the year, according to the report. The North America legal cannabis market amounted to $12 billion in 2018, growing by 30 percent on the year. The largest market was the United States, which totaled $10.4 billion. It was followed by Canada with $1.6 billion.
In 2015, a report from the European Convention on Human Rights (ECHR), stated that drug use, when not injuring others, should not be illegal in the EU. While there are 37 million people in Canada and 327 million in the United States, the European Union is home to about 743 million.
Some form of medical cannabis (or cannabis-based medicine) is now legal in 22 countries in the region, with a further 12 countries decriminalising the recreational use of personal amounts of cannabis. In 2018, the European cannabis market experienced greater growth than in the previous six years, according to the “European Cannabis Report” released in January 2019 by Prohibition Partners.
The current value of the entire global medical cannabis industry at $250 billion. The figures come from a research paper done jointly by a university and a medical cannabis company: University of Sydney Business School and MGC Pharmaceuticals.
Should you have any questions, please do not hesitate to contact us. We offer “70% ready to go” professional business plan templates, including pro forma financials and projections to help you know how much money it’ll cost to start your business and how much money you can make by starting and operating your 100% legally compliant medical and recreational cannabis business.
Legal Cannabis in Europe / legal cannabis Europe
In 2015, a report from the European Convention on Human Rights (ECHR), stated that drug use, when not injuring others, should not be illegal in the EU. While there are 37 million people in Canada and 327 million in the United States, the European Union is home to almost 743 million.
Germany positioned itself as Europe’s market leader by liberalizing its medical program in 2017. Germany is currently conducting a tender round for the country’s first cannabis cultivation licenses and expects to award those licenses in 2019. The tender calls for 10,400 kilograms of medical cannabis to be grown domestically over four years. Total legal cannabis sales hit 50 million euros in the first three quarters of 2018. As of November 2018, an estimated 40,000 patients had been prescribed medical cannabis in Germany. The industry estimates that number could eventually climb to 1 million, and to 5 million totals across the Europe.
Though they do estimate that recreational cannabis will also be legalised in the not so distant future. Since the beginning of 2018, Germany, Denmark, Malta, Greece and Italy have all considered the possibility of a fully regulated cannabis market.
In the fourth edition of the European Cannabis Report – produced by London-based advisory group Prohibition Partners – Europe’s cannabis market is estimated to be worth up to €123b by 2028:
Potential medical cannabis market will hit 58 billion euros
Potential recreational market value will reach 65 billion euros
It was assumed that, by 2023, all countries profiled have legalised medical cannabis, and regulated recreational use.
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